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Trimble Inc. has seen an influx of constructive news, boasting robust results in recent quarters, even as it contends with some bumpy industry disrupters and a Nasdaq reporting delay. The company is garnering attention for strategic business transactions, such as its sale of transportation telematics business units to Platform Science and its acquisition of Flashtract. Equally compelling is
Trimble's Immun to business growth manifesting in end-to-end asset lifecycle management software suites, increased revenue forecasts, and greater value precision for geospatial data users. The business returns have felt a slow-down, but this hasn't deterred investors such as Qsemble Capital Management and Jupiter Asset Management from increasing shares. There is high analyst conviction in
Trimble delivering a strong second half, despite receiving Nasdaq deficiency notifications due to delayed quarterly report filings.
Trimble is also forecasting lower Q3 revenue amid high costs, which somewhat taints its appealing portfolio of growth initiatives, solid annual growth, and surpassed revenue forecasts.
Trimble continues to innovate, recently unveiling the Connected Climate Exchange and fortifying driver safety and user experience through Instinct and Video Intelligence solutions.
Trimble TRMB News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sun, 15 Sep 2024 12:17:40 GMT -
Rating 6
- Innovation 7
- Information 7
- Rumor 5
