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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY

(DE)
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Deere mpany : John Deere Construction and Forestry Division Announces JDLink Ultimate Subscription Price Reduction

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04/17/2019 | 11:07am EDT

MOLINE, Ill.-John Deere Construction and Forestry is decreasing its annual JDLink Ultimate offering prices, providing customers with an affordable, streamlined data solution that boosts productivity and maximizes uptime. Additionally, the division is consolidating JDLink Ultimate Forestry with the larger JDLink offering.

'Machine connectivity is key for our customers, who rely on this technology to maximize productivity and uptime. When we first rolled out our JDLink offering, we were excited to bring an innovative solution to the market that connected our customers with their machines and dealers,' said Ana-Maria Mallia, product marketing manager, JDLink. 'We want to make it even easier for our customers to stay connected, and to do so, we are reducing prices to make this solution even more affordable and consolidating our subscription structure.'

Beginning this month, the annual subscription for JDLink Ultimate will be $200.00, and the JDLink Ultimate dual subscription will be $630.00. Tier pricing will be eliminated and customers can purchase up to three years of a subscription.

Additionally, the Forestry Ultimate and Forestry Ultimate dual subscriptions will be eliminated and consolidated with JDLink Ultimate and JDLink Ultimate dual. Moving forward, the Wireless-Data-Transfer and Limited Internet features offered in the Forestry Ultimate subscription will be included with all Ultimate and Ultimate Dual subscriptions. This change will be applied to both existing Forestry machines as well as new machine orders.

To learn more about JDLink, visit www.JohnDeere.com or contact your local dealer.

About Deere & Company

Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. For more information, visit John Deere at its worldwide website at www.JohnDeere.com.

John Deere 624L Wheel Loader moving dirt in an open landscape with partly cloudy skies JDLink Ultimate dual subscription is also offered at a lower price of $630.00 a year. John Deere skidder working in a foggy wooded area A subscription for JDLink Ultimate is now only $200.00 a year. John Deere 624L Wheel Loader moving dirt in an open landscape with partly cloudy skies JDLink Ultimate dual subscription is also offered at a lower price of $630.00 a year. John Deere skidder working in a foggy wooded area A subscription for JDLink Ultimate is now only $200.00 a year.

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For further information, the news media should contact:

Worldwide Construction & Forestry Division

P.O. Box 8806

Moline, IL 61266-8806

Amy Jones, imre

Phone: 410-821-8220

E-mail: amyj@imre.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 34 672 M
EBIT 2019 4 508 M
Net income 2019 3 218 M
Debt 2019 42 576 M
Yield 2019 1,82%
P/E ratio 2019 16,4x
P/E ratio 2020 14,7x
EV / Sales2019 2,72x
EV / Sales2020 2,61x
Capitalization 51 661 M
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Number of Analysts 23
Average target price 169,24  $
Last Close Price 164,07  $
Spread / Highest target 20,1%
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NameTitle
Samuel R. Allen Chairman & Chief Executive Officer
Rajesh Kalathur Chief Financial & Information Officer, Senior VP
Vance D. Coffman Independent Director
Dipak Chand Jain Independent Director
Clayton M. Jones Independent Director
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