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MarketScreener Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

DEERE & COMPANY

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Deere mpany : John Deere JDLink™ Ultimate Subscription Price Reduction

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04/16/2019 | 09:38am EDT

MOLINE, Ill. (April 16, 2019) -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.

Disclaimer

Deere & Company published this content on 16 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 April 2019 13:37:03 UTC

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Financials ($)
Sales 2019 34 983 M
EBIT 2019 4 046 M
Net income 2019 3 332 M
Debt 2019 39 785 M
Yield 2019 2,09%
P/E ratio 2019 13,42
P/E ratio 2020 11,80
EV / Sales 2019 2,40x
EV / Sales 2020 2,26x
Capitalization 44 255 M
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Number of Analysts 22
Average target price 158 $
Spread / Average Target 14%
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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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