ZTE's Revenue May Be Lower Than Expected -- Market Talk

Dow Jones05-27

0704 GMT - ZTE is likely to see lower revenue than previously expected in the coming years, according to Citi analysts Louis Tsang and Kyna Wong in a research note. The analysts reduce their 2024-2025 revenue estimates by 0.7% and 1.3%, respectively. The analysts attribute the change to the Chinese tech company's high-margin domestic carrier network being impacted by decreasing capex from Chinese telecom companies. However, this may be partly offset by recovering overseas carriers and other business segments, they add. The analysts keep a buy rating but trim target price to HK$19.8 from HK$20.3. Shares are 2.8% higher at HK$16.96.(tracy.qu@wsj.com)

(END) Dow Jones Newswires

May 27, 2024 03:04 ET (07:04 GMT)

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The analysts reduce their 2024-2025...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00763","symbol_name":"中兴通讯","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2438879978","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2438879978","pubTimestamp":1716793440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0704 GMT - ZTE is likely to see lower revenue than previously expected in the coming years, according to Citi analysts Louis Tsang and Kyna Wong in a research note. 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