Rockwell Automation has been active in multiple partnerships, earnings reports, and strategic collaborations. The firm has extended its cooperation with
PTC, teamed up with
Avid Solutions and also consolidated a joint venture deal with
Schlumberger, manifested in the
Sensia project. It has welcomed
Matheus Bulho as Senior Vice President for Software & Control and acknowledged the retirement of their CFO. The company also faces challenges and changes in its second quarter outlook for 2024. Performance in the stock market seems variable, with both underperformance and outperformance noted against competitors. Earnings and revenues have generally been beating estimates. However, some analysts, including
Loop Capital, reduced the price target of the company. On the international front, the firm is working on unlocking its
revenues abroad with a focus on
emerging technologies featured in
ROKLive events. Amidst market challenges,
Janney Montgomery Scott LLC,
Natixis Advisors L.P, and
Great Valley Advisor Group Inc. have purchased shares in Rockwell. The company has also launched a new product named
CUBIC across the Asia Pacific region.
Rockwell Automation ROK News Analytics from Sun, 03 Dec 2023 08:00:00 GMT to Sat, 18 May 2024 20:16:54 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -6
