2 June 2022
Xerox Share Price Dropped By 52% Since 2019
ROCHESTER . NEW YORK—
Investors lossing interest in the company
Investors lossing interest in the company
 The financial press has been raising concerns about Xerox and an investment. The Xerox (NYSE: XRX) stock price continued its bearish trend after the firm published mixed results and guidance. The shares crashed to a low of $16.15, which was the lowest level since November 2020. It's revenue dropped to $1.65 billion while its loss rose to 12 cents per share. The firm attributed these losses to the ongoing supply chain challenges, which affected growth and margins. Xerox share price  has declined by more than 52% from the highest level since 2019. The company’s growth has slowed while margins have increased.
John Visentin CEO has been trying to diversify the company away from toner.
John Visentin CEO has been trying to diversify the company away from toner.
It is also facing significant margin compression. In 2019, the company came into the limelight after it made an unsolicited offer to acquire HP. The offer was notable since Xerox was a significantly smaller company than HP, which was then valued at over $34 billion. The goal was to create a large printing company that would compete with foreign companies. At the time, HP rejected the offer saying that it undervalued the company. It also expressed worries about the financial state of the resulting company. Xerox dropped the bid for HP when Covid emerged. 
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