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Pittsburgh manufacturers innovate with new, additive techniques

More and more companies in the Pittsburgh region are adopting new manufacturing technologies......»»

Category: topSource: bizjournalsNov 27th, 2022

2 Laser Stocks to Watch in a Challenging Industry

The Zacks Laser Systems and Components industry participants like Lumentum (LITE) and IPG Photonics (IPGP) gain from solid demand for emerging applications like cloud computing, autonomous driving, IoT and 5G amid pandemic-induced supply chain disruptions. The Zacks Laser Systems and Components industry is suffering from pandemic-induced supply chain disruptions, including parts and labor shortages, delays in ocean freight and port congestion. The demand-supply mismatch is expected to persist in the near term, thereby hurting prospects of the industry participants. Nevertheless, upbeat demand from electronics, semiconductors and healthcare end-markets is a major growth driver. Lumentum LITE and IPG Photonics IPGP are well-positioned to benefit from these trends. Robust demand for high-power continuous wave and pulsed laser for cutting and battery processing applications, growing demand for high-performance optical devices, and ongoing adoption of cloud computing, autonomous driving, IoT and 5G are key catalysts for these industry participants.Industry DescriptionThe Zacks Laser Systems and Components industry comprises companies offering high-performance fiber lasers, fiber amplifiers and diode lasers, optical and photonic products, and scanning technology solutions. The key end markets are semiconductor, metrology, advanced communication and medical devices. Industry participants also provide high-precision 3D sensors and system products for inspection and metrology. Moreover, in the medical devices space, laser and other energy-based aesthetic treatments can achieve therapeutic results by affecting structures within the skin. The development of safe and effective aesthetic treatments has resulted in a well-established market for these procedures. The company also operates in the cyclical surface mount technology (SMT) and semiconductor capital equipment markets.3 Laser Systems & Components Industry Trends to Watch Out ForEmerging Applications Driving Demand for Lasers: The industry is benefiting from increasing demand for emerging applications like additive manufacturing, facial recognition, gesture recognition, LiDAR applications and IoT. Advanced lasers, especially those with 3D sensing (3DS) capabilities, are enhancing interactions using technology. Notably, 3DS, the technology that allows users to create 3D printable objects, control games with body gestures and measure objects, is much in demand.Laser-IoT Combination Supports Efficiency: As industries are increasingly adopting automation techniques, combining lasers with IoT improves operating efficiency. Notably, IoT-supported manufacturing equipment is far easier to update with firmware. The combination not only reduces costs but also increases flexibility and reliability manifold by enabling material handling capabilities through remote sources. Additionally, strong demand from semiconductor and allied markets, which are seeing a rapid shift toward the production of micro and nano devices, is a positive for industry participants.Supply-Chain Disruption Hurts Prospect: Industry participants are suffering from pandemic-induced supply chain disruptions. Parts and labor shortages as well as delays in ocean freight and port congestion are hurting their ability to address customer needs. The demand-supply mismatch is expected to persist in the near term thereby hurting prospects of the industry participants.Zacks Industry Rank Indicates Dim ProspectsThe Zacks Laser Systems and Components industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #183, which places it in the bottom 27% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Jun 30, 2021, the Zacks Consensus Estimate for the industry’s earnings for the current year has declined 60.5%.Despite the gloomy outlook, there are a couple of stocks worth watching in the industry. But before we present the top industry picks, it is worth looking at the industry’s shareholder returns and current valuation first.Industry Underperforms Broader Sector and S&P 500The Zacks Laser Systems and Components industry has underperformed the broader Zacks Computer and Technology sector and the S&P 500 composite over the past year.The industry has declined 38.1% over this period against the S&P 500’s fall of 23.2% and the broader sector’s decline of 32.3%.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the trailing 12-month P/S, which is a commonly used multiple for valuing Laser Systems and Components stocks, we see that the industry is currently trading at 6.11X compared with the S&P 500’s 3.39X. It is also trading above the sector’s trailing 12-month P/S of 3.67X.Over the last five years, the industry has traded as high as 10.80X, as low as 5.90X and at the median of 8.77X, as the chart below shows:Trailing 12-Month Price-to-Sales (P/S) Ratio2 Laser Stocks to Keep a Close Eye onLumentum: This San Jose, CA-based company is a well-known provider of optical and photonic products addressing a range of end-market applications, including Optical Communications and Commercial Lasers for manufacturing, inspection and life-science applications.Lumentum is benefiting from strong customer demand for its communications products, which are essential for multi-year expansions in next-generation optical network capacity that are just beginning to be deployed. Expanding usage of high-performance lasers for 3D sensing and LiDAR is driving growth.Lumentum currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Lumentum’s fiscal 2022 earnings has been steady at $5.93 per share over the past month.Price & Consensus: LITE  IPG Photonics: Oxford, MA-based IPG Photonics develops and manufactures fiber & diode lasers, fiber amplifiers and transceivers that are used for diverse applications like materials processing, advanced applications, communications and medical. The stock has declined 1% in the past year.IPG Photonics is riding on strong demand for its core material processing product. The company is benefiting from accelerated growth in welding, marking and 3D printing in North America, Europe and Japan. Strong demand for AMB lasers is driving IPG’s growth, particularly from electric vehicle battery manufacturers.The consensus mark for IPG’s fiscal 2022 earnings has been steady at $4.71 per share over the past 30 days. IPG Photonics currently has a Zacks Rank #3 (Hold).Price & Consensus: IPGP  5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lumentum Holdings Inc. (LITE): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 22nd, 2022

4 Computer Peripheral Stocks to Watch From a Prospering Industry

The Zacks Computer-Peripheral Equipment industry participants like LPL, MRCY, SSYS and VUZI are likely to benefit from growing demand for professional gaming accessories, touchscreen devices, smart glasses, 3D printed health equipment and RFID solutions. The Zacks Computer-Peripheral Equipment industry has been benefiting from the rising demand for remote working tools amid the hybrid work trend and accelerated digital transformation. Industry participants like LG Display Company LPL, Mercury Systems MRCY, Stratasys SSYS and Vuzix Corporation VUZI are well poised to benefit from the growing demand for professional gaming accessories, touchscreen devices, smart glasses, and RFID (Radio Frequency Identification) solutions. Moreover, the solid demand for 3D-printed health equipment like face shields, nasal swabs and ventilator parts has been a tailwind. Nevertheless, the industry participants are suffering from the lingering effects of the pandemic, challenging macroeconomic conditions, including raging inflation that has induced sluggishness in IT spending. Declining PC sales are also negatively impacting the demand for computer peripheral equipment.Industry DescriptionThe Zacks Computer-Peripheral Equipment industry comprises companies offering computer input, output and storage devices. These include keyboards, mouse, LCD panels, smart glass, analog to digital imaging solutions, touch sensors, 3D printers & additive manufacturing, and transaction-based printer products, among others. Moreover, video gaming accessories, including gaming mouse, wired gaming headsets, in-ear gaming headphones and controllers for Xbox One and Playstation, are offered by these companies. Notably, the highly competitive nature of the industry is encouraging participants to come up with innovative and relevant products to meet the current demand trend. This is strengthening their product portfolios.4 Trends Shaping the Future of the Computer-Peripheral Equipment IndustryShift in Consumer Preference a Key Catalyst: The gradual shift in consumer preference from mobile gaming to a more professional gaming experience is a major growth driver. The launch of advanced gaming devices and the rising popularity of e-sports leagues are likely to boost the prospects. Markedly, e-sports will also likely continue aiding the total addressable market in the gaming peripherals industry. In addition, the 3D printing market presents a favorable long-term investment opportunity, as a large number of engineers, designers, architects and entrepreneurs are resorting to 3D solutions for primary designing and product modeling. Also, the coronavirus outbreak is resulting in massive demand for gaming equipment and 3D-printed medical equipment, which is a major driving force for this industry during these trying times.Expanding Global Footprint: The expansion of the total addressable market bodes well for the industry participants. Deepening penetration into price-sensitive regions like the Asia Pacific and the Middle East & Africa through low-cost quality products boosts growth prospects.Macroeconomic Headwinds Might Hurt IT Spending: Enterprises may postpone their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues. Per the latest Gartner report, worldwide IT spending is likely to have increased 0.8% in 2022 on a year-over-year basis. The research firm’s report highlights that 2022 IT spending growth has been much slower than 2021 due to spending cutbacks across devices, software, IT services and communication services areas. Furthermore, considering the recessionary situation hovering around the world, we do not expect any strong rebound in IT spending at least in the first half of 2023. This does not bode well for the Computer-Peripheral Equipment market’s prospects in the near term.Elevated Operating Expenses to Hurt Profitability: To survive in the highly competitive computer peripheral market, each player is aggressively investing in research and development to enhance their product portfolio and broaden their capabilities. Moreover, companies are looking to enhance their sales and marketing capabilities, particularly by increasing their sales force. Therefore, elevated operating expenses to capture more market share are likely to dent margins in the near term.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Computer-Peripheral Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #27, which places it in the top 11% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Before we present a few stocks that you may want to consider for your portfolio, let us look at the industry’s recent stock-market performance and valuation picture.Industry Outperforms the Sector but Lags S&P 500The Zacks Computer-Peripheral Equipment industry has outperformed the broader Zacks Computer and Technology sector in the trailing 12 months but underperformed the S&P 500 composite during the same time frame.The industry lost 29.5% during this period. The S&P 500 and the broader sector have declined 18% and 32.4%, respectively, over the same time frame.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the trailing 12-month P/S, which is a commonly-used multiple for valuing computer peripheral stocks, we see that the industry is currently trading at 0.51X compared with the S&P 500’s 3.44X and the Zacks Computer and Technology sector’s 3.05X.Over the last five years, the industry has traded as high as 1.22X, as low as 0.33X and at the median of 0.57X, as the chart below shows.Trailing 12-Month Price-to-Sales (P/S) Ratio4 Stocks to WatchMercury Systems: It is gaining from the modernization in radar, electronic warfare and C4I that is opening up new opportunities in weapon systems, space, avionics processing, and mission computing and embedded rugged service for the company. Its domain expertise in analog and digital integration has helped this Zacks Rank #2 (Buy) company build a solid long-term relationship with prime defense contractors. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Additionally, Mercury Systems’ embedded computing servers, including the suite of EnsembleSeries blades, have delivered processing solutions with long lifecycles, high performance, environmental resiliency, interoperability and SWaP optimization for 35 years. Also, the accelerated usage of parallel processing and high-performance computing is prompting companies like Mercury Systems to capitalize on AI for solving real-world problems across industries.The Zacks Consensus Estimate for fiscal 2023 earnings has been revised downward by 6 cents in the past 60 days to $2.03 per share. Shares of the company have plunged 18.2% over the past year.Price and Consensus: MRCYLG Display: This Seoul, Republic of Korea-based company primarily manufactures and sells thin-film transistor liquid crystal display panels in a range of sizes and specifications, primarily for use in televisions, notebook computers and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large-size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays and medical diagnostic equipment.LG Display is riding on the healthy demand for its display panels from PC vendors. The PC vendors are witnessing heightened demand for commercial notebooks and desktops as economies around the world are reopening and enterprises are investing in building a hybrid work environment. The solid sales of smartphones are also likely to spur demand for this Zacks Rank #3 (Hold) company’s display panels.The company supplies products to original equipment manufacturers and multinational corporations. The Zacks Consensus Estimate for its 2023 bottom line is pegged at a loss of $1.63 per share, 18 cents narrower than a loss per share of $1.81 projected seven days ago. The stock has declined 45.4% in the past year.Price and Consensus: LPLStratasys: This Eden Prairie, MN-based company is benefiting from an increase in demand for 3D-printed medical equipment. Notably, the adoption of PolyJet and FDM printers has been encouraging. Markedly, Stratasys’ machines facilitate prototyping within a few hours, reducing development time and upfront costs. Also, the company’s spool-based system compares favorably with UV polymer systems. For these reasons, we think the company maintains a leading position in RP machines. Apart from these, the company’s RedEye RPM is the world's largest RP and part-building service.Furthermore, this Zacks #3 Ranked 3D printing company has made strategic partnerships with the likes of Schneider Electric, Boeing, Ford Motor, Siemens, Boom Supersonic and United Launch Alliance in recent times. These collaborations are aimed at introducing advanced 3D printing technologies in the aerospace and automotive industries. Additionally, the company’s cost-control initiatives are anticipated to reflect positively on the bottom line.The consensus mark for 2023 earnings has been revised downward by 2 cents in the past 30 days to 20 cents per share. The stock has depreciated 43.9% in a year’s time.Price and Consensus: SSYSVuzix: It is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. This Zacks Rank #3 company's products include personal displays and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality.Vuzix is benefiting from continued strong demand for its smart glasses, particularly the M400 series, from enterprise customers and healthcare providers to overcome operational challenges caused by COVID-19 across a variety of market verticals. Furthermore, the latest ISO class 2 certification received for its M400 glasses would allow the device to be used in clean room environments, thereby enhancing its adoption across electronics, pharmaceuticals, medical devices, optics, solar and aerospace/defense end-markets.The Zacks Consensus Estimate for 2023 is pegged at a loss per share of 61 cents, which is a couple of cents wider than a loss of 59 cents projected 60 days ago. Vuzix’s shares have declined 48.8% in the past year.Price and Consensus: VUZI Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report LG Display Co., Ltd. (LPL): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report Mercury Systems Inc (MRCY): Free Stock Analysis Report Vuzix Corporation (VUZI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 10th, 2023

4 Steady Agriculture Operations Stocks to Steer Through a Wavering Industry

The Agriculture - Operations industry looks poised to gain from solid demand, organic product growth and innovation amid inflation woes and tight supply conditions. Players like ADM, CTVA, AGRO and ALCO have been doing well. The Zacks Agriculture – Operations industry is poised to benefit from innovations and improved consumer demand for healthy products. Investments in acquisitions, joint ventures and expansions are likely to fortify the prospects of the industry players. Logistic and supply-chain issues, higher input costs, and elevated operational expenses have been affecting the industry. Supply-chain concerns and commodity cost pressures have been affecting the profitability of agricultural companies for a while.Nonetheless, continued investments in assets and technological capabilities to innovate and serve customers bode well for players like Archer Daniels Midland Company ADM, Corteva Inc. CTVA, Adecoagro S.A. AGRO and Alico ALCO.About the IndustryThe Zacks Agriculture – Operations industry comprises companies that produce or procure, transport, store, process and distribute agricultural commodities to consumers. It also distributes ingredients to other parts of the agriculture industry (including clothing, animal feed, energy and industrial product). Some industry players engage in dairy operations, land transformation activities and the development of food ingredients, using gene-editing technology. The industry encompasses production activities related to traditional farming of crops (like corn, soybean, wheat and cotton), and livestock and poultry products (including meat, dairy and eggs). The products are mostly sold at grocery stores or exported overseas. These are also used as feedstock for other industries. For example, cotton is used in the clothing industry and corn is used in the ethanol industry.What's Shaping the Future of Agriculture - Operations IndustryGrowing Organic Demand: The industry has been benefiting from an organic movement prompted by consumers’ increasing demand for healthier food. Agriculturists are adopting organic production techniques and curtailing the use of chemicals and pesticides. Innovations in food processing, improved grain-handling techniques, larger storage spaces and strong emerging market demand are conducive to the industry’s growth. Healthy eating habits are likely to accelerate the purchase and consumption of alternative proteins. Focus on nourishment and wellness is pushing microbiome solutions to the forefront. The companies have been investing in acquisitions and joint ventures to build top-notch ingredients and solutions for meeting the demand for healthy products.Agricultural Export Projections: Per the U.S. Department of Agriculture, agricultural export projections for fiscal 2023 (ending Sep 30) of $190 billion suggest a decline of $3.5 billion from the prior forecast. Declines in soybeans, cotton and corn exports are the key factors resulting in lower export projections. Soybean exports are likely to decline $2.4 billion to $32.8 billion due to lower production and increased competition from South America. Cotton exports are expected to be $1 billion lower than the last forecast to $6 billion due to subdued demand and reduced volumes. Grain and feed forecast is likely to be $300 million lower to $46.2 billion, reflecting declines in corn, sorghum and rice exports. The forecast for corn has declined $600 million to $18.5 billion on lower volumes. Gains in beef, poultry and wheat are expected to offset these declines.Elevated Costs: Industry participants have been witnessing higher costs due to rising raw material, freight and logistics costs, including constraints in labor and trucking resources, leading to higher lead times for deliveries. Supply-chain concerns and commodity cost pressures have been affecting the profitability of agricultural companies for a while. Also, the conflict in Ukraine has been creating headwinds. The companies have resorted to solid pricing strategies to counter the rising raw material costs. The participants are looking to counter the global supply-chain challenges by forming partnerships and distribution strategies. Despite the pricing strategies, supply-chain challenges and cost inflation are expected to continue hurting margins in the near term.Companies in the industry continue to face raised SG&A expenses due to higher performance-related compensation, project-related costs, commissions and variable compensation. The companies are also witnessing elevated costs for investments in technology and innovation to stay ahead of the race. Continued deleverage in SG&A expenses might continue to have a bearing on the profitability of companies.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Agriculture – Operations industry is a 14-stock group within the broader Zacks Consumer Staples sector. The industry currently carries a Zacks Industry Rank #167, which places it at the bottom 33% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the bottom 50% of the Zacks-ranked industries resulted from a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.Industry vs. Broader MarketThe Zacks Agriculture – Operations industry has outperformed the S&P 500 and the Zacks Consumer Staples sector in a year.The stocks in the industry have collectively risen 14.7% in a year against declines of 19.8% for the Zacks S&P 500 composite and 5.6% for the sector.One-Year Price PerformanceAgriculture - Operations Industry's ValuationOn the basis of the forward 12-month price-to-earnings (P/E) ratio, which is commonly used for valuing Consumer Staples stocks, the industry is currently trading at 14.33X compared with the S&P 500’s 16.92X and the sector’s 18.94X.Over the last five years, the industry has traded as high as 17.71X, as low as 10.24X and at the median of 14.4X, as the chart below shows.Price-to-Earnings Ratio (Past 5 Years)4 Agriculture Operations Stocks to Keep an Eye onNone of the stocks in the Zacks Agriculture – Operations universe currently sports a Zacks Rank #1 (Strong Buy). Here, we have highlighted two stocks with a Zacks Rank #2 (Buy). Also, we suggest two stocks with a Zacks Rank #3 (Hold) from the same industry, which investors may hold on to. You can see the complete list of today’s Zacks #1 Rank stocks here. Archer Daniels: The Chicago, IL-based agricultural product company’s leadership in key global trends like flexitarian diets, nutrition and sustainable materials has been a key contributor to its momentum. Its focus on making investments in assets and technological capabilities to serve customers efficiently is likely to be a significant growth driver. Solid demand, improved productivity and product innovations have been driving growth. Its Readiness program, positive cash flow and solid performance at the Nutrition unit have been aiding the results. The company has been progressing well on its three strategic pillars — optimize, drive and growth.Archer Daniels is poised to benefit from the robust performance of its Nutrition segment, owing to significant gains in the Human and Animal Nutrition units. The Zacks Consensus Estimate for Archer Daniels’ 2022 earnings has moved up by a penny in the past seven days to $7.48 per share. The Zacks Consensus Estimate for ADM’s 2022 sales and earnings suggests growth of 19.9% and 44.1%, respectively, from the year-ago period’s reported figures. It has posted an earnings surprise of 26.2%, on average, in the trailing four quarters. The Zacks Rank #2 company has rallied 22.9% in the past year.Price and Consensus: ADMCorteva: The Wilmington, DE-based pure-play agriculture company is poised to drive above-market growth through its industry-leading product pipeline, and rigorous approach to innovation and operating discipline. It is poised to accelerate its pace of innovation and existing leadership position in the high-value sector to meet the increasing market demand for naturally derived products through three new collaboration agreements. Strong price execution in seed, supply-chain flexibility, and solid market demand for its balanced and differentiated new product portfolios are driving CTVA’s performance.The Zacks Consensus Estimate for Corteva’s 2022 earnings has been unchanged in the past 30 days. The Zacks Consensus Estimate for its 2022 sales and earnings suggests growth of 11.4% and 19.5%, respectively, from the year-ago period’s reported figures. The Zacks Rank #2 company has posted an earnings surprise of 19.8%, on average, in the trailing four quarters. The CTVA stock has rallied 28.7% in the past year.Price and Consensus: CTVAAdecoagro: The Luxembourg-based agro-industrial company engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company benefits from high asset flexibility, which gives it a competitive advantage amid the current uncertain market. Its flexibility was reflected by its ability to increase the mix of anhydrous ethanol to benefit from its high prices and recovering demand. The company’s Farming & Land Transformation businesses have been benefiting from the consolidation of the five-year plan investments made in Crops, Rice and Dairy businesses, along with its focus on efficiencies.The company’s shares have risen 6.9% in the past year. The Zacks Consensus Estimate for AGRO’s 2022 earnings has moved down 2.6% in the past 30 days. The Zacks Consensus Estimate for the company’s 2022 sales suggests growth of 9.4% from the year-ago period’s reported figure. The company has a Zacks Rank #3.Price and Consensus: AGROAlico: The Fort Myers, FL-based agribusiness and land management company is poised to benefit from the strong consumption of not-from-concentrate orange juice by retail consumers, which has been sturdy since March 2020. This has significantly aided market pricing for Early and Mid-Season, and Valencia season fruit. Driven by the strong consumption of not-from-concentrate orange juice and lower-than-normal levels of processor inventories, the company expects market prices in the next year to remain near or above the recent levels.The Zacks Consensus Estimate for the current fiscal-year loss has widened in the past 30 days. The Zacks Consensus Estimate for ALCO’s current fiscal-year sales suggests a decline of 40.5% from the year-ago reported quarter. The loss estimate is pegged at 39 cents, whereas the company reported a loss of 21 cents in the year-ago period. It has posted an earnings surprise of 58.8%, on average, in the trailing four quarters. ALCO currently has a Zacks Rank #3. The company has declined 36% in the past year.Price and Consensus: ALCO 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Archer Daniels Midland Company (ADM): Free Stock Analysis Report Adecoagro S.A. (AGRO): Free Stock Analysis Report Alico, Inc. (ALCO): Free Stock Analysis Report Corteva, Inc. (CTVA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 9th, 2023

5 Winning Medical Product Stocks That Still Have Room to Run

Despite ongoing macro challenges, medical product stocks like Cardinal Health (CAH), TransMedics Group (TMDX), Olink Holding (OLK), Silk Road Medical (SILK) and Neuronetics (STIM) are likely to gain from strong fundamentals. The gradually-recovering global economy started to face new challenges as 2022 unfolded. Supply-chain headwinds and inflationary pressures hampered operations across industries, especially during the second half of 2022.Market experts expect economies across the world to witness a slowdown in 2023 amid rising fears of an impending recession. They remain pessimistic about the stock market in the next year. The probable recession will be an effect of ongoing macro-challenges like rising interest rates, record inflation and geopolitical pressure, per JPMorgan Chase. The ongoing macro challenges are likely to wash away the benefits of savings and government aid received during the pandemic.The Federal Reserve, by increasing its benchmark interest rate to counter inflationary woes, has raised the possibility of a downturn next year. Some experts believe that the Federal Reserve’s bid to contain inflation by increasing interest rates will likely achieve its target but put pressure on the consumers’ wallets and potentially trigger a recession in 2023. The continuing Russia-Ukraine might result in a further rise in commodity prices worldwide with an enduring impact. Market watchers are wary of these two factors as these may thwart equity market investment.Amid the uncertain macroeconomic business environment, investors can turn their attention to a few medical products stocks that have been holding steady. Cardinal Health CAH, TransMedics Group TMDX, Olink Holding OLK, Silk Road Medical SILK and Neuronetics STIM have created wealth for their investors in 2022 despite facing challenges. The rally in these stocks is likely to continue on the back of favorable fundamental factors. These stocks either have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have witnessed a rally of at least 20% so far in 2022. You can see the complete list of today’s Zacks Rank #1 stocks here.Image Source: Zacks Investment ResearchCardinal HealthThe company, carrying a Zacks Rank of 2, is a nationwide drug distributor and provider of services to pharmacies, healthcare providers and manufacturers. It witnessed revenue growth in its major segment — Pharmaceutical — in the fourth quarter of fiscal 2022.Cardinal Health’s diversified product portfolio and long-term supply agreements augur well. Meanwhile, its plans to build a new medical distribution center in the central Ohio area, its partnership with Innara Health and Kinaxis, and the introduction of the first surgical incise drape during the fourth quarter are likely to further boost revenues going forward. A solid solvency position is another plus.The Zacks Consensus Estimate for its current fiscal year (FY23) earnings is pegged at $5.27, suggesting a year-over-year improvement of 4.2%. For FY24, estimates suggest a further 14% rise in the bottom line. Estimates for FY23 and FY24 have moved north by 1% each in the past 60 days.The forecast for year-over-year revenue growth is 8.8% for FY23 and 7.3% for FY24. Shares of CAH have gained 55.5% so far this year.Cardinal Health, Inc. Price Cardinal Health, Inc. price | Cardinal Health, Inc. QuoteTransMedics GroupThis Zacks Rank #2 company has developed the Organ Care System to disrupt the decades-old standard of care for organ transplant therapy for end-stage organ failure patients across multiple disease states. TransMedics Group’s technology represents a paradigm shift that transforms organ preservation for transplantation from a static state to a dynamic environment that enables new capabilities, including organ optimization and assessment.TransMedics Group has demonstrated significant improvement in both the top and bottom lines so far in 2022. During the third quarter of FY22, revenues grew more than 378% year over year, while loss narrowed 46.8%.The Zacks Consensus Estimate for its current fiscal year (FY22) is pegged at a loss of $1.30, implying a year-over-year improvement of 18.8%. For FY23, estimates suggest a further improvement of 35.2% in the bottom line. Loss estimates for FY23 and FY24 have narrowed 17.7% and 16%, respectively, in the past 60 days.The projected revenue growth is 185.7% for FY22 and 49.6% for FY23. Shares of TMDX have gained 210.5% so far this year.TransMedics Group, Inc. Price TransMedics Group, Inc. price | TransMedics Group, Inc. QuoteOlink HoldingThis Zacks Rank #1 company provides a platform of products and services deployed across major biopharmaceutical companies and leading clinical and academic institutions. The platform helps to deepen the understanding of real-time human biology and drives 21st-century healthcare through actionable and impactful science.Olink Holding has demonstrated significant improvement in both the top and the bottom lines so far in 2022. During the third quarter of FY22, revenues grew more than 60% year over year, while loss narrowed 80%.The Zacks Consensus Estimate for 2022 is pegged at a loss of 13 cents a share, implying a year-over-year improvement of almost 70%. For revenues, estimates suggest an improvement of 45.7% for 2022 and 47.8% in 2023. Loss estimates for FY23 and FY24 have narrowed 45.8% and 6.7%, respectively, in the past 60 days. Shares of OLK have gained 36% so far this year.Olink Holding AB publ Sponsored ADR Price Olink Holding AB publ Sponsored ADR price | Olink Holding AB publ Sponsored ADR QuoteSilk Road MedicalThis Zacks Rank #2 company has developed a technologically advanced, minimally-invasive solution for patients with carotid artery disease who are at risk for stroke. The company's portfolio of products enables transcarotid artery revascularization (TCAR) that combines the benefits of endovascular techniques and surgical principles.  It manufactures and sells its portfolio of TCAR products in the United States. The products are designed to provide direct access to the carotid artery, aid in effective reduction in stroke risk throughout the procedure, and enable long-term restraint of carotid plaqueSilk Road Medical has demonstrated significant improvements in both the top and bottom lines so far in 2022. During the third quarter of FY22, revenues grew more than 48% year over year, while loss narrowed 27.5%.The Zacks Consensus Estimate for 2022 is pegged at a loss of $1.57, implying a year-over-year decline of 9%. For 2023, however, estimates suggest an improvement of 11.3% in the bottom line. Loss estimates for 2022 and 2023 have narrowed 13.3% and 9.4%, respectively, in the past 60 days.The projected revenue growth is 33.9% for FY22 and 26.8% for 2023. Shares of SILK26.8 have gained 55.5% so far this year.Silk Road Medical, Inc. Price Silk Road Medical, Inc. price | Silk Road Medical, Inc. QuoteNeuroneticsThis Zacks Rank #2 company is focused on designing, developing and marketing products that improve the quality of life for patients who suffer from neurohealth disorders. The company’s first commercial product, the NeuroStar Advanced Therapy System, is a non-invasive and non-systemic office-based treatment that is approved for treating adult patients with major depressive disorder (MDD). The patient population of the system was expanded in 2022 to include people suffering from obsessive-compulsive disorder as well as for the treatment of comorbid anxiety symptoms for adults with MDD.Neuronetics has demonstrated significant improvements in both the top and bottom lines so far in 2022. During the third quarter of FY22, revenues grew more than 14% year over year, while loss narrowed 9.7%.The Zacks Consensus Estimate for 2022 is pegged at a loss of $1.51, implying a year-over-year decline of 23.8%. For 2023, however, estimates suggest an improvement of 11.3% in the bottom line. Loss estimates for 2022 and 2023 have narrowed 9% and 10.1%, respectively, in the past 60 days.The projected revenue growth is 14.6% for 2022 and 14.8% for 2023. Shares of STIM have gained 33.9% so far this year.Neuronetics, Inc. Price Neuronetics, Inc. price | Neuronetics, Inc. Quote 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cardinal Health, Inc. (CAH): Free Stock Analysis Report Neuronetics, Inc. (STIM): Free Stock Analysis Report Silk Road Medical, Inc. (SILK): Free Stock Analysis Report TransMedics Group, Inc. (TMDX): Free Stock Analysis Report Olink Holding AB publ Sponsored ADR (OLK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 27th, 2022

Bull of the Day: Jabil (JBL)

Jabil topped Zacks quarterly estimates on December 15 and raised its outlook once again to showcase its ongoing resilience as the wider economy and technology sector experience pullbacks. Jabil JBL is a manufacturing solutions provider and electronics maker. Jabil topped Zacks quarterly estimates on December 15 and raised its outlook once again to showcase its ongoing resilience as the wider economy and technology sector experience pullbacks.Jabil stock has easily outperformed the S&P 500 and the Zacks Tech sector over the last decade and in 2022. And these are just a few of the reasons why JBL might be worth considering at the moment.The JBL Basics Jabil provides manufacturing services to companies in telecommunications and other industries. The firm’s client list includes the likes of Apple AAPL, SolarEdge SEDG, and other giants in critical and game-changing industries.Jabil prides itself on operating in the background, working with hundreds of the biggest brands in the world to help make everything from smartphones and home appliances to healthcare technologies. Jabil boasts that it helps make its client’s “most complex ideas and products a reality.”Jabil serves original equipment manufacturers and product companies across multiple industries and end markets. JBL’s laundry list of client areas and spaces includes compute & storage, appliances, automotive, healthcare, telecom, energy & industrial, and beyond.JBL’s solutions include advanced assembly and automation, printed electronics, autonomous systems, and more. Meanwhile, its list of services spans from engineering and optics to supply chain, software, additive manufacturing, and others in between.  Image Source: Zacks Investment ResearchGrowth and Outlook Jabil’s diversification has helped it grow steadily for years, including 14% growth in its fiscal 2022, which is highly impressive for a company that went public in the early 1990s and was founded long before that. JBL is also set to benefit from a broader onshoring/reshoring push from U.S. companies and the federal government.Jabil on December 15 topped our Q1 FY23 earnings and revenue estimates, with its sales up 12% and adjusted EPS 20% higher. The growth was driven by 18% expansion in its Electronics Manufacturing Services segment. “I remain confident in our plan moving forward, which is supported by both strong secular tailwinds and continued refinement of our more traditional businesses,” CEO Mark Mondello said in prepared remarks.Looking ahead, Zacks estimates call for JBL’s revenue to climb 3% in FY23 and another 3% in FY24 to reach $35.4 billion. This growth comes on top 12% average top line expansion over the last five years and roughly matches its YoY growth rates during a couple-year stretch prior to the recent run of outsized strength.Jabil’s adjusted earnings are projected to climb by 9% in FY23 to hit $8.31 per share and another 6.3% in FY24. JBL has topped our EPS estimates by an average of 9% in the trailing four quarters and it’s beaten our bottom line estimates for five years running outside of one miss early in the pandemic.Plus, Jabil’s earnings outlook has continued to improve for FY23 and FY24, which is no easy task as the overall outlook for S&P 500 earnings and the economy fade. JBL’s bottom-line positivity helps it land a Zacks Rank #1 (Strong Buy) right now.Image Source: Zacks Investment ResearchOther Fundamentals Jabil is part of the Electronics - Manufacturing Services industry that currently ranks No. 1 out of over 250 Zacks industries. Being part of a top-ranked industry that’s showing strength in a difficult market is very important, and remember that studies have shown that 50% of a stock's price movement can be attributed to its industry.Jabil lands “A” grades for Value and Momentum and a “B” for Growth in the Zacks Style Scores system. Plus, six of the seven brokerage recommendations Zacks has are “Strong Buys.” The company also pays a small dividend that’s yielding 0.5% at the moment.JBL shares have only dipped -3% in 2022 vs. the Zacks Tech sector’s 35% drop. The stock has also experienced impressive second-half momentum, up 30% in the last six months to hit fresh highs on December 13.Jabil has pulled back slightly from those highs and it trades 14% below its current average Zacks price target. And it sits below neutral RSI levels (50) at 47. Jabil’s recent performance is part of a 155% climb in the last five years vs. Tech’s 44% and a 350% jump during the past 15 years compared to 160% for the Zacks Tech sector.Despite its long-term and recent outperformance, Jabil trades at a 50% discount to the Zacks Tech sector at 9.5X forward 12-month earnings. This also represents a discount compared to its own 15-year median and well below its highs of 23X.Image Source: Zacks Investment ResearchBottom LineJabil stands to grow for years to come as technologies of all shapes and sizes drive the world and the economy forward. Let’s also remember that the covid pandemic and other factors spurred companies and the U.S. government to start manufacturing more crucial tech in the U.S. such as semiconductors, solar panels, and countless other high-tech offerings.Jabil appears to be a worthy stock to consider for 2023 given its valuation and resilience, alongside its ability to grow even as the U.S. and the global economy face recession fears. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 23rd, 2022

4 Shoes & Retail Apparel Stocks Keeping Up Well in a Distressed Industry

The Shoes and Retail Apparel industry is poised to benefit from favorable health and wellness trends, product innovation, and digital growth amid rising costs. These aspects bode well for NKE, DECK, SKX and CAL. The Zacks Shoes and Retail Apparel industry has been dealing with hardships related to elevated costs, disrupted supply chains, reduced spending trends on discretionary items, higher freight costs and increased marketing investments. These traits have been the key burdens on the participating companies’ profits. Additionally, adverse currency movements threaten the industry players due to their worldwide presence.However, the industry players are well-poised to benefit from the favorable health and wellness trends, which have been boosting the demand for activewear and athletic shoes. The new and innovative designs, along with increased consumer awareness about leading a healthy lifestyle, will likely continue aiding sales of fitness clothes and footwear. The industry players, focused on product innovation, store expansion, digital investments and omni-channel growth, are expected to gain.The industry participants have been investing in product innovation to gain market share. Investments in products and e-commerce portals bode well for players like NIKE Inc. NKE, Deckers Outdoor DECK, Skechers SKX and Caleres CAL.About the IndustryThe Zacks Shoes and Retail Apparel industry comprises companies that design, source and market clothing, footwear and accessories for men, women and children under various brand names. Product offerings of the companies mostly include athletic and casual footwear, fashion apparel and activewear, sports equipment, bags, balls, and other sports and fashion accessories. The companies showcase their products through their branded outlets and websites. Some companies distribute products via other retail stores such as national chains, online retailers, sporting goods stores, department stores, mass merchandisers, independent retailers and catalogs.A Look at What's Shaping Shoes and Retail Apparel Industry's FutureCost Headwinds: Companies in the industry are witnessing elevated costs due to factors like commodity cost inflation, increased freight costs, reinvestments and other impacts. Supply-chain constraints, extended transit times, and elevated ocean freight and logistic costs have been acting as deterrents. A number of companies expect increased freight and logistic costs to hurt margins in the near term. Elevated marketing expenses, higher operating overhead and demand-creating expenses, and increased investments to enhance store and digital operations have been raising SG&A costs. Also, the industry participants are witnessing higher costs to support brand campaigns and digital investments. The exit from the Russia business due to the Ukraine-Russia conflict and COVID-related disruptions in some parts of Greater China are likely to be the key concerns for some players. A tough and competitive labor market remains another concern. These factors pose a threat to the industry players’ margins.Consumer Demand Trends: Players in the industry have been benefiting from strong consumer demand for activewear/athleisure products and footwear, which is expected to persist in 2023. Athletic goods and apparel companies offer products from footwear, sweatshirts, leggings, pants, jackets and tops to yoga wear and running clothes for men and women. The increasing fashion sense is boosting the demand for innovative clothes and footwear in the United States. The industry participants have been focused on product innovations, active promotions, store expansion and enhancing e-commerce capabilities to gain market share. Favorable health & wellness trends have been the key to inspiring footwear manufacturers to expand their product portfolio. The companies continue to innovate styles, materials and colors, and incorporate functional designs to grab a large share of the fast-growing market. Moreover, multi-functional shoes that cater to casual and formal looks have been gaining popularity. The increased participation of women in sports and outdoor activities in recent years has been a boon for the industry players.E-Commerce Investments: E-commerce has been playing a crucial role in the athleisure market’s growth. The companies in the segment are looking to build a customer base through websites, social media and other digital channels. As consumers continue to shop from home, growth of athletic-inspired apparel and digital sales are likely to continue. Companies focused on expanding their athletic-based apparel lines and building on e-commerce capabilities are expected to witness growth in the long run. Efforts to accelerate deliveries through investments in supply chains and order fulfillment avenues are likely to provide an edge to the industry players. Simultaneously, companies are investing in renovations and improved checkouts, as well as mobile point-of-sale capabilities, to make stores attractive. The efforts to enhance experiences through multiple channels are likely to contribute significantly to improving traffic and transactions both in stores and online.Zacks Industry Rank Indicates Bleak ProspectsThe Zacks Shoes and Retail Apparel Industry is an 11-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #214, which places it in the bottom 14% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak prospects for the near term. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are losing confidence in this group’s earnings growth potential. In the past year, the industry’s earnings estimates for 2022 and 2023 have declined 21.7% and 28.8%, respectively.Before we present a few stocks that you may want to consider for your portfolio, let’s look at the industry’s recent stock-market performance and the valuation picture.Industry Vs. SectorThe Zacks Shoes and Retail Apparel industry has outperformed its sector but underperformed the S&P 500 in the past year.While stocks in the industry have collectively declined 28.1%, the Zacks S&P 500 composite has dropped 19.5%. Meanwhile, the Zacks Consumer Discretionary sector has fallen 37.3%.One-Year Price Performance Shoes and Retail Apparel Industry's ValuationOn the basis of forward 12-month price-to-earnings (P/E), commonly used for valuing Consumer Discretionary stocks, the industry is currently trading at 27.91X compared with the S&P 500’s 17.28X and the sector’s 17.3X.Over the last five years, the industry has traded as high as 36.79X and as low as 19.86X, with the median of 26.18X, as the chart below shows.Price-to-Earnings Ratio (Past 5 Years)4 Shoes & Retail Apparel Stocks to WatchNIKE: The global leader in athletic footwear, apparel, equipment and sports-related accessories is poised to gain from its Consumer Direct Acceleration strategy, along with strong demand, compelling products, and robust performance in its digital and DTC businesses. NKE has been benefiting from its efficient digital ecosystem, which comprises its online site, as well as commercial and activity apps. With consumers’ increasing digital focus, NIKE is on track with its digital revenue growth target for fiscal 2025. NKE expects revenue growth in fiscal 2025 to be led by NIKE Direct, which is anticipated to represent 60% of the total revenues on strong digital growth. The company expects NIKE-owned and partnered Digital to reach a 50% business mix in fiscal 2025, with NIKE-owned Digital accounting for 40% of the business.As part of the Consumer Direct Acceleration, the company’s immediate priorities include improving personalization and creating a consistent end-to-end technology platform. The company remains confident of its performance in fiscal 2023, driven by brand strength, consumer connections, product pipeline, and the normalization of inventory supply in North America, EMEA and APLA. The Zacks Consensus Estimate for NKE’s fiscal 2023 sales indicates growth of 5.1% from the year-ago quarter’s reported figure. The consensus estimate for NKE’s fiscal 2023 earnings has moved down 1.7% in the past seven days. NIKE has reported an earnings surprise of 15.8%, on average, in the trailing four quarters. The Zacks Rank #3 (Hold) stock has declined 29.5% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Price and Consensus: NKEDeckers: The Goleta, CA-based company is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. Strength in HOKA ONE ONE and UGG brands, as well as growth in direct-to-consumer and wholesale channels, has been aiding DECK’s performance. Deckers is targeting profitable and underpenetrated markets. The company is focused on product innovations, store expansion and enhancing e-commerce capabilities. DECK’s focus on expanding its brand assortments, bringing a more innovative product line, targeting consumers digitally and optimizing omni-channel distribution bodes well.Deckers has been developing its e-commerce portal to capture incremental sales. DECK has made substantial investments to strengthen its online presence and improve the shopping experience for its customers. The company’s focus on opening smaller-concept omni-channel outlets and expanding programs, including Retail Inventory Online; Infinite UGG; Buy Online, Return In Store; and Click and Collect, to enhance customers’ shopping experiences is likely to boost the top line in the quarters ahead. DECK has a trailing four-quarter earnings surprise of 27.8%, on average. Shares of the Zacks Rank #3 company have gained 9% in the past year. The Zacks Consensus Estimate for DECK’s fiscal 2023 sales and earnings indicate growth of 11.3% and 11.4%, respectively, from the year-ago quarter’s reported figures. The consensus estimate for its fiscal 2023 EPS has moved up 0.1% in the past 30 days. DECK has a trailing four-quarter earnings surprise of 28.9%, on average. Price and Consensus: DECKSkechers: The Manhattan Beach, CA-based company designs, develops, markets and distributes footwear for men, women and children in the United States and overseas under the SKECHERS name, as well as several unique brand names. Skechers’ emphasis on new lines of products, store remodeling projects, cost-containment efforts, inventory management and global distribution platform bodes well. SKX is focused on executing its long-term growth strategy, with a diverse assortment of innovative and comfortable products. This is expected to drive its top line in the near and long terms. Going ahead, management plans to introduce more innovative and comfort technology products, build multi-platform marketing campaigns, and launch more e-commerce sites around the world.Skechers is making strategic investments to improve infrastructure worldwide, primarily e-commerce platforms and distribution centers. It has been directing resources to enhance its digital capabilities, which includes augmenting website features, mobile applications and loyalty programs. Investments made to integrate store and digital ecosystems for developing a seamless omnichannel experience are likely to drive greater sales. Skechers’ international business is a significant sales growth driver. SKX has a trailing four-quarter earnings surprise of 4.7%, on average. The Zacks Consensus Estimate for the company’s 2022 sales indicates growth of 16.8% from the year-ago quarter’s reported figure. The consensus estimate for SKX’s 2022 EPS has moved up by a penny in the past seven days. Shares of the Zacks Rank #3 footwear company have declined 0.2% in the past year.Price and Consensus: SKXCaleres: Caleres is a leading footwear retailer and wholesaler in the United States, China, Canada, and Guam. The company operates through Famous Footwear and Brand Portfolio segments. The Saint Louis, MO-based company has been benefiting from the positive consumer demand trends and accelerated recovery in the footwear marketplace, aiding its sales. The momentum in the Famous Footwear brand is expected to contribute meaningfully to sales growth. Strong performances of CAL’s emerging brands, including Vionic, Sam Edelman, Allen Edmonds and Blowfish Malibu, are expected to be growth drivers.Management anticipates the strong performance at the Famous Footwear brand and gains in the Brand Portfolio segments, leveraging a diversified brand model, and the continued execution of strategic priorities to aid CAL’s performance. Caleres's focus on consumers' evolving preferences and efforts to drive growth across its omni-channel ecosystem bodes well. The Zacks Consensus Estimate for CAL’s fiscal 2022 sales and earnings indicate growth of 5.7% and 1.6%, respectively, from the year-ago quarter’s reported figures. The consensus estimate for CAL’s fiscal 2022 EPS has moved up 1.9% in the past 30 days. The company has a trailing four-quarter earnings surprise of 26%, on average. Shares of this Zacks Rank #3 company have declined 1.7% in the past year.Price and Consensus: CAL Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE): Free Stock Analysis Report Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report Deckers Outdoor Corporation (DECK): Free Stock Analysis Report Caleres, Inc. (CAL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 23rd, 2022

2 Furniture Stocks Worth Buying Despite Industry Headwinds

Although rising inflation, macroeconomic uncertainty and supply-chain disruptions pose risks, focus on digitization and product innovation raise hopes for FLXS and VIRC. Indeed, the Zacks Furniture industry has been bearing the brunt of supply-chain disruptions, greater inflation, continued investments in e-commerce, macroeconomic and geopolitical uncertainty, and intense competition. However, increasing investments in technological advancements and solutions are expected to drive the industry’s growth. Also, product innovation and accretive buyouts should favor the furniture industry in expanding its global reach. Efficient cost management should lend support to industry players like Flexsteel Industries, Inc. FLXS and Virco Mfg. Corporation VIRC.Industry DescriptionThe Zacks Furniture industry comprises manufacturers, designers and marketers of residential as well as commercial furnishing solutions. Some of the companies provide kitchen and bath cabinets as well as various engineered components and products in the United States, along with international markets. A few industry players also offer specialty rental services such as modular and portable storage solutions as well as modular space and portable storage solutions. They are involved in designing and producing a wide variety of engineered components and products for homes, offices and automobiles. The industry players cater to different sectors, namely, construction, energy, healthcare, security, government, retail, commercial, education and transportation.3 Trends Shaping the Furniture Industry's FutureInnovation, Digital Marketing & Acquisitions: Product innovation plays a decisive factor for market share gain in this industry. Players are investing in new products to improve the product mix in a competitive landscape and drive top-line growth. Also, millennials represent the largest consumer cohort in the furniture market. More money in the hands of this largest and most-active generation of homebuyers should keep demand elevated. Customer experience is getting enhanced by innovative marketing techniques, emphasizing digital marketing, better merchandising, store remodeling and loyalty programs. Furthermore, the industry players are pursuing acquisitions to broaden their product portfolio and expand their geographic footprint as well as market share.Soft Demand: Spending on home improvements and repairs is expected to be soft in the near term, given several macroeconomic challenges comprising slowing sales of existing homes, rising mortgage interest rates, and home price appreciation. The slowdown in homebuilding industry, retail sales of building materials, and renovation permits point to a soft environment for residential remodeling, thereby impacting the furniture industry players.Supply-Chain Issues, Rising Inflation & Higher Expenses: The companies have been witnessing supply-chain disruptions, especially in chemicals, semiconductors, labor and transportation, which are constraining volume growth. As such, consumers are increasingly concerned about rising inflation and many expect inflation to outpace income growth. This would be a risk to spending, which makes up two-thirds of the economy. The industry players are distressed by rising raw material prices and logistic expenses. The labor market has also struggled with limited availability of labor, which is driving labor costs.Also, the furniture industry is highly competitive, with home furnishing retailers, department stores and antique dealers giving a hard time. Again, companies need to make incremental investments to address an expanding omni-channel environment, as shoppers tend to look for online options. Growth in online sales may continue to dent traditional furniture retailers’ market share as brands such as Etsy, Things Remembered, Costco and Amazon are finding their way into the market.Zacks Industry Rank Indicates Bright ProspectsThe Zacks Furniture industry is an eight-stock group within the broader Zacks Consumer Discretionary sector. The industry currently carries a Zacks Industry Rank #73, which places it at the top 29% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates impressive near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.Industry Outperforms S&P 500 & SectorThe Zacks Furniture industry has outperformed the Zacks S&P 500 composite and the broader Zacks Consumer Discretionary sector over the past year.Over this period, the industry has lost 10% compared with the broader sector’s 37.9% decline and the S&P 500’s decrease of 19.5%.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings (P/E), which is commonly used for valuing furniture stocks, the industry is currently trading at 16X compared with the S&P 500’s 17X and the sector’s 13.6X.Over the past five years, the industry has traded as high as 19.3X and as low as 9.4X, with the median being 14.8X, as the chart below shows.Industry’s P/E Ratio (Forward 12-Month) Versus S&P 5002 Furniture Stocks to BuyWe have selected two stocks from the Zacks universe of furniture stocks that currently carries a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Flexsteel Industries: Based in Dubuque, IA, Flexsteel is a manufacturer, importer and online marketer of upholstered furniture for residential and contract markets in the United States. Despite challenges like excess inventory at both retailers and manufacturers, margin pressures from competitive pricing and economic headwinds, the company is expected to benefit from its growth strategy and new products introduction. Notably, FLXS has been delivering industry-leading lead times of 3 to 5 weeks for custom manufactured products.FLXS’ shares have lost 37.7% in the past year. Earnings of FLXS — a Zacks Rank #1 company — are expected to grow 93.8% in fiscal 2023. Earnings estimates for fiscal 2023 have increased to $1.24 from $1.19 over the past 60 days.Price and Consensus: FLXSVirco Mfg.: Headquartered in Torrance, CA, this company designs, produces and distributes furniture in the United States. Although the company has been reeling under material cost increases, and higher costs associated with materials, freight and logistics, VIRC has been witnessing higher demand as stimulus funding aids recovery in the school furniture market. Higher shipments owing to efforts to increase factory output continue to deliver high-quality, innovative equipment and furniture to schools across the United States. Higher revenues have enabled VIRC to witness greater operating leverage, thereby increasing profitability. A higher funding level for public schools, as well as the competitive advantage it has from its domestic production and distribution model, has been enabling VIRC to consistently take market share from overseas competitors.VIRC’s shares have gained 41.6% in the past year. Earnings of VIRC — a Zacks Rank #2 company — are expected to grow 175.8% in fiscal 2023 (ending January 2023) and 8.3% in fiscal 2024 (January 2024). Earnings estimates for fiscal 2023 have increased to 72 cents from 71 cents over the past seven days.Price and Consensus: VIRC Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Flexsteel Industries, Inc. (FLXS): Free Stock Analysis Report Virco Manufacturing Corporation (VIRC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 21st, 2022

Nokia (NOK) Extends BT Partnership With 5-Year Deal for AVA

Nokia (NOK) will offer its AVA Analytics software to BT for real-time insights and ad-hoc reporting to enable intelligent and automated decision-making process. Nokia Corporation NOK recently inked a five-year deal with BT Group plc for an undisclosed amount to improve the fixed network operations of the latter. The deal is likely to strengthen the longstanding business relationship between the two entities and help operators improve network diagnosis and troubleshooting processes by reducing unnecessary manual fixes.Per the agreement, Nokia will offer its AVA Analytics software for real-time insights and ad-hoc reporting to enable intelligent and automated decision-making process. Leveraging ML and AI techniques, the software will facilitate the UK-based carrier to augment its network monitoring endeavors and boost customer experience. This technology and vendor-agnostic software will enable decentralized data management for disruptive innovation and new value creation.The deal will also offer an enhanced dashboard solution – Homeview – that will provide the call center agents of BT a real-time full view of the operator’s network, from individual subscribers to devices. This, in turn, will allow agents to quickly access the issues for prompt remedial action and improve customer service across all its phone and digital channels.By unlocking network efficiencies with common operability, software delivery and increased hardware sharing, Nokia has reduced the total cost of ownership for mobile operators. The company is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. Its installed base of high-capacity AirScale products is also growing fast.5G RAN solutions from its leading AirScale portfolio offer extensive indoor and outdoor coverage. The AirScale Radio Access products deliver low-latency, high-capacity mobile connectivity with a low cost of ownership. These can be easily upgraded through a software update, reducing network complexity.The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and the Internet of Things.Nokia enables its customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation needed to support dynamic operations, reduce complexity and improve efficiency. The company remains focused on building a robust, scalable software business and expanding it to structurally attractive enterprise adjacencies. It has inked more than 252 commercial 5G contracts across the globe.The company’s end-to-end portfolio includes products and services for every part of a network, which are helping operators to enable key 5G capabilities, such as network slicing, distributed cloud, and industrial IoT. Accelerated strategy execution, sharpened customer focus and reduced long-term costs are expected to position the company as a global leader in the delivery of end-to-end 5G solutions.The stock has lost 18.6% in the past year compared with the industry’s decline of 28%.Image Source: Zacks Investment ResearchNevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #4 (Sell) stock.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.TESSCO Technologies Incorporated TESS, sporting a Zacks Rank #1, delivered an earnings surprise of 126.1%, on average, in the trailing four quarters. Earnings estimates for TESSCO for the current year have moved up 44.3% since December 2021.TESSCO offers products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With more than three decades of experience, it delivers complete end-to-end solutions to the wireless industry.Harmonic Inc. HLIT, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 55.5%, on average, in the trailing four quarters. Earnings estimates for Harmonic for the current year have moved up 48.6% since March 2021.Harmonic provides video delivery software, products, system solutions and services worldwide. With more than three decades of experience, it has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers' homes and mobile devices.AudioCodes Ltd. AUDC, sporting a Zacks Rank #1, is likely to benefit from the secular tailwinds related to IP-based communications. Incorporated in 1992 and headquartered in Lod, Israel, it offers advanced communications software, products and productivity solutions for the digital workplace. It has a long-term earnings growth expectation of 9%.AudioCodes aims to leverage its long-term partnership with Microsoft to further strengthen its market position. It is also likely to benefit from its continued focus on high-margin businesses. Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nokia Corporation (NOK): Free Stock Analysis Report Harmonic Inc. (HLIT): Free Stock Analysis Report AudioCodes Ltd. (AUDC): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 14th, 2022

Supersonic jet startup Boom says it will create its own engine with 3 partners after every major manufacturer refused to help

The supersonic engine will be designed to operate on 100% sustainable aviation fuel and feature 3D-printed parts. American Airlines Boom Supersonic has announced Symphony, the engine that will power its ultra-high-speed Overture jet. The propulsion system will feature 35,000 pounds of takeoff thrust and reduce operating costs by 10%. The news comes a few months after major manufacturers told Boom it wouldn't help it build a supersonic engine. Boom Supersonic's ultra-high-speed airliner now has plans for an engine.On Tuesday, the Denver-based startup announced its future Overture jet would be powered by Symphony, the new Boom-led propulsion system that will be "designed and optimized" for the plane. According to Boom, it will partner with three entities to bring the engine to life, including Florida Turbine Technologies, which is a part of Kratos Defense & Security Solutions, to assist with the design. The planemaker has also tapped StandardAero for maintenance, and General Electric subsidiary GE Additive arm for consulting on metal additive manufacturing, which is also known as 3D printing.While FTT is not a widely known engine maker like Rolls-Royce or Pratt & Whitney, the over-20-year-old business has been awarded multi-million dollar contracts and has developed a turbojet for cruise missiles and unmanned aerial vehicles."The team at FTT has a decades-long history of developing innovative, high-performance propulsion solutions," company president Stacey Rock said in a press release. "We are proud to team with Boom and its Symphony partners and look forward to developing the first bespoke engine for sustainable, economical supersonic flight."Designed to operate on 100% sustainable aviation fuels, the new medium-bypass turbofan engine will emit net zero carbon, feature 35,000 pounds of takeoff thrust, have low-weight materials, and reduce overall operating costs by 10% compared to other supersonic engines.With the Symphony project already started, Boom says Overture, which was recently redesigned, will start production in 2024. Its first flight is set for 2027, with type certification expected by 2029. The company's small XB-1 prototype, known as Baby Boom, has already begun test flights in Colorado and is intended to demonstrate "key technologies for safe and efficient high-speed flight."Baby Boom.Boom SupersonicThe news comes just a few months after every major manufacturer said it would not help Boom create an engine for Overture, with Rolls-Royce saying the "commercial supersonic market is not currently a priority for us." CFM International joined the trend in October when CEO Gaël Méheust said the company doesn't "see a significant market for an engine that targets a very small potential niche."Despite the setback, Boom managed to achieve its goal to secure an engine maker by year's end, giving hope to the jetliner's eventual commercial use.To date, three airlines have invested in Boom, including United Airlines, American Airlines, and Japan Airlines, with United Airlines Ventures president Mike Leskinen welcoming the new project."United and Boom share a passion for making the world dramatically more accessible through sustainable supersonic travel," he said in a press release. "The team at Boom understands what we need to create a compelling experience for our passengers, and we are looking forward to a United supersonic fleet powered by Symphony."The jet is expected to carry between 65 and 80 passengers in an all-business configuration, traveling between New York and London in as little as three and a half hours.Read the original article on Business Insider.....»»

Category: smallbizSource: nytDec 13th, 2022

Generac (GNRC) and Mean Green Open New Facility in Ohio

Generac's (GNRC) and Mean Green's manufacturing facility in Ohio focuses on the production of Mean Green's ride-on and stand-on electric mowers, along with a broad range of accessories. Generac Holdings Inc GNRC and Mean Green will be setting up a 100,000-square-foot facility in Hamilton, OH. The facility is aimed to tap the growing demand for electric-powered, zero-turn mowers.Generac acquired Mean Green in September 2020 to expand its global footprint in the commercial turf care category. The new facility will focus on the production of Mean Green's ride-on and stand-on electric mowers, along with a broad range of accessories.The new facility supports Generac’s focus on heavy-duty, electric-powered equipment and taps the lawn and landscape market.Generac Holdings Inc. Price and Consensus Generac Holdings Inc. price-consensus-chart | Generac Holdings Inc. QuoteGenerac has started production in the new facility and added more than 30 jobs. The company plans to add more than a dozen team members by the end of 2022. It will produce a wide array of Mean Green items, like the - new NEMESIS zero-turn mower, which has the power of a 28 HP gas mower and can cut up to five acres on a single charge.Per a report from Fortune Business Insights, the global lawn & garden equipment market is projected to grow from $31.52 billion in 2021 to $50.85 billion in 2028, registering a CAGR of 7.1%. The industry is likely to benefit from smart gardening techniques like electric-powered land mowers, trimmers, chainsaws etc. and the adoption of gardening as a hobby, added the report. The new facility will aid Generac in capturing opportunities in this market.   Generac is a leading manufacturer of power generation equipment, energy storage systems and other power products, including portable, residential, commercial and industrial generators.For 2022, Generac expects revenue growth between 22% and 24% compared with the previous guidance of 36-40%. The net income margin (before deducting for non-controlling interests) is expected to be 9-10%.The company reported third-quarter 2022 adjusted earnings of $1.75 per share, which beat the Zacks Consensus Estimate by 8%. However, the bottom line decreased 25.5% year over year.Net sales increased 15% year over year and came in at $1.09 billion but missed the consensus mark by 0.1%. The robust demand for Commercial & Industrial products boosted Generac’s third-quarter performance.In the third quarter, the shipments of clean energy products were highly impacted by a leading customer who stopped its operations and filed for bankruptcy protection.At present, GNRC carries a Zacks Rank #5 (Strong Sell). The stock has lost 71.9% in the past year compared with the sub-industry’s decline of 77.2%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader technology space are Arista Networks ANET, Plexus PLXS and Super Micro Computer SMCI, each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.37 per share, up 8.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have declined 0.9% in the past year.The Zacks Consensus Estimate for Plexus 2023 earnings is pegged at $5.98 per share, rising 8.9% in the past 60 days.Plexus’ earnings beat the Zacks Consensus Estimate in three of the last four quarters, the average being 17.5%. Shares of PLXS have gained 14.5% in the past year.The Zacks Consensus Estimate for Super Micro Computer’s fiscal 2023 earnings is pegged at $9.58 per share, rising 27.7% in the past 60 days.Super Micro Computer’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average being 9.4%. Shares of SMCI have soared 112.7% in the past year. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in?  If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.>>Send me my free report on the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plexus Corp. (PLXS): Free Stock Analysis Report Super Micro Computer, Inc. (SMCI): Free Stock Analysis Report Generac Holdings Inc. (GNRC): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 13th, 2022

Linde (LIN) Picks Cummins to Power New York Green Hydrogen Unit

The facility is likely to be Linde's (LIN) largest U.S. green hydrogen facility, representing significant progress in advancing the green hydrogen economy. Linde plc LIN has chosen Cummins Inc. CMI to power its largest green hydrogen facility in the United States.Cummins will supply a 35-megawatt proton exchange membrane (PEM) electrolyzer system for the Linde-operated hydrogen production facility in New York.Electrolyzers use electricity to convert water molecules into hydrogen and oxygen. The hydrogen can then be used to generate power for industrial, chemical and other applications. Cummins’ advanced electrolyzer system is designed for easy on-site installation with the ability to boost production if required.Cummins’ electrolyzer will be powered by hydropower, making the end-product green or carbon-free hydrogen. The facility is likely to be Linde’s largest U.S. green hydrogen facility and represents significant progress in advancing the green hydrogen economy.Cummins has an extensive experience in advanced technology and engineering capabilities. The company has the capabilities to innovate across a broad portfolio of renewable hydrogen and zero-emission technologies, including PEM, alkaline and solid oxide electrolyzers.Cummins expects green hydrogen to play a crucial role in reducing emissions in some hard-to-abate industries facing strict climate targets. Cummins initially projected that its electrolyzer business would generate annual revenues of $400 million by 2025. By comparison, Cummins reported total revenues of $24 billion in 2021.The project highlights Cummins’ pledge to enhance the green hydrogen economy and its ability to support large-scale renewable hydrogen production. The project aims to support the rising demand and drive to contribute to the green hydrogen market.Linde is currently one of the leading hydrogen producers globally. It is likely to increase the company’s green liquid hydrogen production capacity in the United States more than twice. The Niagara Falls, NY-based facility is expected to be up and running by 2025.Price PerformanceShares of Linde have outperformed the industry in the past six months. The stock has gained 13.7% compared with the industry’s 8.2% growth. Image Source: Zacks Investment Research Zacks Ranks & Stocks to ConsiderLinde currently carries a Zacks Rank #3 (Hold).Some better-ranked players in the basic materials space are Commercial Metals Company CMC, currently sporting a Zacks Rank #1 (Strong Buy), and Innospec Inc. IOSP, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Commercial Metals Company manufactures, recycles and markets steel and metal products, related materials and services. CMC’s net debt to trailing 12-month adjusted EBITDA ratio is at 0.5 at the end of the fiscal second quarter, while net debt to capitalization is just 14%.Commercial Metals Company is expected to see earnings growth of 27.2% in 2022. CMC beat the Zacks Consensus Estimate for earnings in the prior four quarters, delivering an earnings surprise of 19.7%.Innospec is a leading specialty chemicals company. The company strongly focuses on adding value to customers by delivering technologies and products.Innospec is expected to see earnings growth of 30.4% in 2022. The company beat the Zacks Consensus Estimate for earnings in the prior four quarters, delivering an earnings surprise of 25.6%. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in?  If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.>>Send me my free report on the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cummins Inc. (CMI): Free Stock Analysis Report Commercial Metals Company (CMC): Free Stock Analysis Report Linde plc (LIN): Free Stock Analysis Report Innospec Inc. (IOSP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 13th, 2022

The Future Of Sustainable Electronics Manufacturing

A new wave of electronics manufacturing is on the horizon, aiming to satisfy the increasing demand for sustainability and mitigate the impact of volatile energy prices. With the electronics industry accounting for 4% of global greenhouse gas emissions, it requires substantial innovation to reduce its environmental footprint. Q3 2022 hedge fund letters, conferences and more […] A new wave of electronics manufacturing is on the horizon, aiming to satisfy the increasing demand for sustainability and mitigate the impact of volatile energy prices. With the electronics industry accounting for 4% of global greenhouse gas emissions, it requires substantial innovation to reduce its environmental footprint. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2022 hedge fund letters, conferences and more   Fortunately, this area has a lot of movement, with several potentially revolutionary technologies entering the scene. IDTechEx’s report, “Sustainable Electronics Manufacturing 2023-2033”, explores the key opportunities for sustainable innovation and the most promising new manufacturing approaches. The report concentrates on the fundamental building blocks of electronics – printed circuit boards (PCBs) and integrated circuits (ICs). Additive manufacturing is expected to gain traction within the development of flexible PCBs. Source: IDTechEx Incentives for Sustainable Electronics Manufacturing Sustainability within the semiconductor and electronics industries is being driven forward by government mandates and green investment initiatives. Increasingly relevant to the survival of traditional manufacturers is the conscious choice of the public to only purchase from, and even only work for, companies that prioritize sustainable practices. Environmentalism is often perceived as an obstacle-laden with legislative red tape and burdensome disclosures. However, companies that embrace environmentalism reap long-term rewards, and as such, the negative perception is replaced by one of opportunity. The implementation of low-emission manufacturing processes or the adoption of material recycling and recovery schemes can be the financially astute choice presenting an opportunity to reduce costs associated with energy consumption, waste treatment, and superfluous steps. Prioritizing environmentalism keeps the industry ahead of the curve as legislation becomes stricter while positioning individual companies well to benefit from designated ESG investment. As energy prices rise globally, low temperatures and rapid processing methods become more attractive. Some of these methods employ additive approaches that substantially cut waste by printing material only where needed. This spares manufacturers the costs and emissions associated with excess materials and etching required in traditional subtractive manufacturing. For example, switching to additive methods of PCB manufacturing can lower water consumption by up to 95% - an outcome that could save the sector hundreds of millions of liters of water annually. IDTechEx’s analysis expects additive manufacturing to be particularly significant to the scaling of flexible printed circuit boards. Flexible PCBs are an important part of the emerging electronics industry as they enable a wider variety of applications than conventional rigid electronics. Flexible PCBs inherently require an overhaul of traditional processing – for example, using plastic or paper rather than conventional FR substrates. Embracing a new technology enables scope for further changes, such as transitioning to new materials and additive methods. Low-temperature processing may also be imperative for PCBs made on plastics such as polyethylene terephthalate (PET), considering that these have relatively low heat tolerances. Adoption of PCB substrate materials in 2033. Source: IDTechEx Digitization for Smart Manufacturing Sustainable electronics manufacturing presents many opportunities to be more efficient, reduce waste, and improve cost-effectiveness. Sustainable manufacturing can be facilitated through artificial intelligence and Internet of Things. Using smart digital manufacturing methods to automate processes as well as sensor technology to detect leaks and improper material usage can help companies to minimize waste and cut down on excess costs. Digital data analysis can help remove superfluous steps and illustrate where to focus efforts to eliminate excess material and energy consumption. Digitization is becoming increasingly popular, with many household name brands adopting similar measures. At the end of 2021, Apple announced it had joined Sustainable Semiconductor Technologies and Systems (SSTS) – a program created by the Belgian research institute, imec, to reduce the environmental impact of semiconductor manufacturing. Imec’s SSTS program aims to improve sustainability by employing digital solutions to identify improvements in 3 key areas: energy consumption, greenhouse gas emissions, and water consumption. Many other well-known companies, including Microsoft, Amazon, and ASML, are known to be employing imec’s digital analysis. Reshoring Expected to Reduce Emissions The past three years have been full of upheaval, with pandemics, trade wars, and energy crises dominating front-page headlines across the world. The turmoil has brought to sharp relief how fragile the multi-billion dollar electronics industry is. The global chip shortage is a salient example of the damaging consequences of supply chain disruption. While it may not be possible to immunize supply chains against all eventualities fully, there are acts that can be taken to minimize risk and reduce emissions. One method involves reducing dependency on geographic monopolies such as the Asia Pacific region, which currently dominates electronics manufacturing. Re-distribution of the electronics industry is gaining momentum of late, with hundreds of billions of dollars worth of funding going into revitalizing localized electronics manufacturing in the West, as outlined in both the US CHIPS & Science Act and the European Chips Act. Increasingly, access to renewable energy is becoming a major factor as companies build new fabrication facilities. Samsung has already achieved 100% renewable energy for all of its sites in the US and China, with other household name companies following suit, such as Apple, IBM, Intel, and Nokia. The availability of renewable energy sources varies substantially geographically, with the US and Europe leading the way with clean energy options compared to much of Asia Pacific (AP). Greater access to renewable energy may give the US and Europe a new kind of leverage to encourage local manufacturing. Through substantial energy savings and energy independence, the production of various electronic components is likely to become increasingly cost-competitive with the Asia Pacific region. Additionally, since ‘reshoring’ will require the construction of new manufacturing facilities, there’s a substantial opportunity to design and equip with sustainability in mind from the outset. In contrast, in existing production lines, much of the equipment is already depreciated, increasing the relative cost of new investments into more sustainable manufacturing methodologies. Outlook Government mandates are cracking down on emissions, and public awareness and conscientiousness regarding global warming are growing, with many consumers making active choices to avoid certain companies. The electronics industry requires an overhaul of traditional manufacturing approaches contributing to global warming. Switching to low-toxicity, low-emission chemicals and processes is a key challenge to be addressed in the near future as more companies commit to attaining net-zero targets. Additionally, it is important to stay ahead of the curve as carbon prices may rise, making renewable energy the more reliable energy source to utilize. Reducing the carbon footprint of the electronics industry is a daunting task, particularly for well-established manufacturers that are reluctant to divert from traditional methods. Across the world, government and consumer pressure are forcing manufacturers to take on greater responsibility in reducing their emissions. IDTechEx’s analysis indicates that by embracing sustainable manufacturing methods, companies can benefit financially and demonstrate significant reductions in environmental impact. The rejuvenation of the European semiconductor industry presents the opportunity to build fabrication plants from scratch with sustainability as a priority. This means bypassing traditional legacy manufacturing processes and adopting new methods and equipment that minimize waste and lower emissions, for example, using additive approaches rather than subtractive. A comprehensive analysis and exploration of sustainable innovations within the field can be found in IDTechEx’s report, “Sustainable Electronics Manufacturing 2023-2033”. This report analyses the many innovations aiming to make electronics manufacturing more sustainable and how they are being deployed. It examines the current status and latest trends in technology performance, supply chain, and manufacturing while exploring the influence of major environmental policies. It also identifies the key challenges, competition, and innovation opportunities within sustainable electronics manufacturing. IDTechEx has 20 years of expertise covering emerging technologies, including printed and flexible electronics. Our analysts have closely followed the latest developments in relevant markets, interviewed key players across the supply chain, attended conferences, and delivered consulting projects on the field......»»

Category: blogSource: valuewalkDec 13th, 2022

Here"s Why HubSpot (HUBS) is a Promising Portfolio Pick

With healthy fundamentals and upward estimate revisions, HubSpot (HUBS) appears to be an enticing investment option at the moment. Shares of HubSpot, Inc. HUBS have jumped 8% post-earnings release, driven by improved market demand across its portfolio on the back of a flexible business model and solid cash flow. Earnings estimates for the current fiscal year have increased 9.2% over the past year, implying robust inherent growth potential. With healthy fundamentals, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment ResearchGrowth DriversHeadquartered in Cambridge, MA, HubSpot provides inbound marketing and sales application over the cloud. The software-as-a-service (SaaS) vendor helps businesses attract more customers through search engine optimization (SEO), social media, blogging, website content management, marketing automation, email, Customer Relationship Management (CRM), analytics and reporting.HubSpot’s inbound marketing and sales applications are enabling businesses to easily reach, acquire and retain customers through traditional marketing tools like cold calls, print advertisements and email. The company’s strategic priority is to deliver a world-class front-office platform by investing in anchor hubs and innovating new emerging hubs. The company continues to expand its app ecosystem, with its integration catalog growing nearly 40% year over year.HubSpot also remains focused on becoming a leading CRM platform provider in the near future. The core of HubSpot’s subscription-based cloud platform is its inbound database that captures user activity throughout the customer’s lifecycle. Subscribers of HubSpot’s SaaS applications use multiple channels like optimized search engine techniques, social media and targeted content through websites and blogs to fulfill customer needs. The platform's success is evident from the rapid growth in marketing customers. The growing adoption of inbound applications has helped develop the marketing agency partner network.The company has significant scope in cross-selling its products to the existing customer base. The One HubSpot initiative is a key growth driver. In addition, HubSpot's App Marketplace offers a customer-centric solution by making it simple for companies to find and seamlessly connect the integrations to grow their businesses. As companies continue to prioritize a digital-first approach, it is likely to create more opportunities for developers to build new integrations that support every stage of the customer journey.HubSpot has rolled out multiple updates to its Sales Hub product, including a low-priced Starter tier and improvement to its sales engagement tools to make them more affordable for growing sales teams. Moreover, the company has a sizeable customer base that uses its products for free. Given the growing effectiveness of its inbound applications and innovative product portfolio, we believe that many of these free customers will eventually choose to buy HubSpot pro products for both their marketing and sales functions. This presents a significant top-line growth opportunity for the company and will likely boost its margins.HubSpot reported relatively healthy third-quarter 2022 results, with both the bottom line and the top line surpassing the respective Zacks Consensus Estimate, driven by strong product innovation and a deep understanding of its customers’ requirements.It delivered a positive earnings surprise of 15.5%, on average, in the trailing four quarters. The stock has a long-term earnings growth expectation of 21.2%.Other Key PicksTESSCO Technologies Incorporated TESS, sporting a Zacks Rank #1, delivered an earnings surprise of 126.1%, on average, in the trailing four quarters. Earnings estimates for TESSCO for the current year have moved up 44.3% since November 2021.TESSCO offers products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With more than three decades of experience, it delivers complete end-to-end solutions to the wireless industry.Harmonic Inc. HLIT, carrying a Zacks Rank #2, delivered an earnings surprise of 79.3%, on average, in the trailing four quarters. Earnings estimates for Harmonic for the current year have moved up 48.6% since March 2021.Harmonic provides video delivery software, products, system solutions, and services worldwide. With more than three decades of experience, it has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices.AudioCodes Ltd. AUDC, sporting a Zacks Rank #1, is likely to benefit from the secular tailwinds related to IP-based communications. Incorporated in 1992 and headquartered in Lod, Israel, it offers advanced communications software, products and productivity solutions for the digital workplace. It has a long-term earnings growth expectation of 9%.AudioCodes aims to leverage its long-term partnership with Microsoft to further strengthen its market position. It is also likely to benefit from its continued focus on high-margin businesses. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Harmonic Inc. (HLIT): Free Stock Analysis Report AudioCodes Ltd. (AUDC): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report HubSpot, Inc. (HUBS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksDec 7th, 2022

Viasat (VSAT) Inches Closer to ViaSat-3 Satellite Launch

The ViaSat-3 platform from Viasat (VSAT) will help form a global broadband network with sufficient network capacity for an affordable, high-quality, high-speed Internet and video streaming service. Viasat Inc. VSAT recently took a significant stride toward the delivery and launch of ViaSat-3 Americas satellite as it completed the Final Integrated Satellite Test (FIST). With this, the company has progressed to the Flight Final phase of integration, where it is undergoing the final build-up to flight configuration for the satellite launch.Leveraging simulation techniques, FIST validated that ViaSat-3 successfully conformed to the mechanical and thermal vacuum environment by simulating vacuum and extreme hot and cold conditions of space where the satellite will operate during its expected 15-year lifetime. The ViaSat-3 EMEA satellite is currently undergoing integration with spacecraft partner, Boeing, and the third ViaSat-3 satellite for the Asia Pacific region is undergoing final payload integration and testing at Viasat's Tempe, AZ facility.The ViaSat-3 platform will help form a global broadband network with sufficient network capacity to allow better consumer choices with an affordable, high-quality, high-speed Internet and video streaming service. These Ka-band satellites are likely to provide superior bandwidth connectivity virtually anywhere – whether on land, in the ocean or in the air.Viasat enjoys a leading position in the satellite and wireless communications market. With the rapid proliferation of the smartphone market and usage of mobile broadband, the user demand for coverage speed and quality has increased, which is fueling the demand for network tuning and optimization to maintain high data traffic. The company attracts millions of U.S. consumers and enterprises with its high-quality broadband service.Encouragingly, Viasat’s blue-chip customer base, which comprises the U.S. Department of Defense, civil agencies, allied foreign governments, satellite network integrators and large communications service providers and enterprises, adds to its strength. Currently, the company’s Government Systems segment is acting as a major profit churner. Viasat is eyeing opportunities to extend broadband satellite mobility to rotary-wing aircraft, as it is a large addressable market that can emerge as a key profit churner.Viasat’s Satellite Services business is progressing well, with key metrics including ARPU (average revenue per user) and revenues showing impressive growth. ARPU is growing on the back of a solid retail distribution network, accounting for an increasing proportion of the high-value and high-bandwidth subscriber base. Further, the rising adoption of in-flight Wi-Fi services in commercial aircraft is proving conducive to the growth of the Satellite Services business.Viasat’s Ka-band solutions enable business jet customers to enjoy high-speed Internet connectivity from takeoff to touchdown. It empowers aviation clients to reinforce their IFC (in-flight connectivity) investments and helps customers stay connected with smooth web browsing and streaming services. Equipped with unrivaled speed and quality, Viasat’s Ka-band service has been specifically designed to meet the accretive demands of data, backed by next-gen business applications. The Ka-band leverages global bandwidth to provide avant-garde Internet service with best-in-market pricing to boost the competitiveness of the business jet market.The stock has lost 26.3% over the past year compared with the industry’s decline of 23.9% in the same period. Image Source: Zacks Investment ResearchViasat currently has a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.TESSCO Technologies Incorporated TESS, sporting a Zacks Rank #1, delivered an earnings surprise of 126.1%, on average, in the trailing four quarters. Earnings estimates for TESSCO for the current year have moved up 44.3% since November 2021.TESSCO offers products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With more than three decades of experience, it delivers complete end-to-end solutions to the wireless industry.Harmonic Inc. HLIT, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 79.3%, on average, in the trailing four quarters. Earnings estimates for Harmonic for the current year have moved up 48.6% since March 2021.Harmonic provides video delivery software, products, system solutions, and services worldwide. With more than three decades of experience, it has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers' homes and mobile devices.AudioCodes Ltd. AUDC, sporting a Zacks Rank #1, is likely to benefit from the secular tailwinds related to IP-based communications. Incorporated in 1992 and headquartered in Lod, Israel, it offers advanced communications software, products and productivity solutions for the digital workplace. It has a long-term earnings growth expectation of 9%.AudioCodes aims to leverage its long-term partnership with Microsoft to further strengthen its market position. It is also likely to benefit from its continued focus on high-margin businesses. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Harmonic Inc. (HLIT): Free Stock Analysis Report Viasat Inc. (VSAT): Free Stock Analysis Report AudioCodes Ltd. (AUDC): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksNov 29th, 2022

3 Electronics Stocks to Escape Pandemic-Led Disruptions

The Zacks Electronics - Miscellaneous Components industry players like NVT, LFUS and FN are set to gain from a solid adoption of AI and the democratization of IoT techniques. Worldwide supply-chain disruptions and end-market dynamics due to the pandemic affected the Zacks Electronics - Miscellaneous Components industry. Rising inflationary pressure, growing geo-political tensions and foreign currency headwinds are persistently taking a toll on the underlined industry.Nevertheless, the industry in focus is consistently benefiting from the ongoing automation drive and increased spending by manufacturers of semiconductors, automobiles, machinery and mobile phones. Industry participants like nVent Electric NVT, Littelfuse LFUS and Fabrinet FN remain well-poised to benefit from the solid adoption of AI and the democratization of IoT techniques, which are transforming robotics, industrial automation, transportation systems, retail and healthcare.Industry DescriptionThe Zacks Electronics - Miscellaneous Components industry primarily comprises companies providing a wide range of accessories and parts used in electronic products. The industry participants’ offerings include power control and sensor technologies to mitigate equipment damage, testing products for safety and advanced medical solutions. They cater to varied end markets, such as telecommunications, automotive electronics, medical devices, industrial, transportation, energy harvesting, defense and aerospace electronic systems, and consumer electronics. Its customers are mainly original equipment manufacturers, independent electronic component distributors and electronic manufacturing service providers.4 Trends Shaping the Future of Electronics - Miscellaneous Components IndustrySupply-Chain Disruptions Worrisome: The industry players are reeling under the impacts of the coronavirus-induced macroeconomic woes. Supply chains were disrupted by the pandemic-led shelter-in-place measures and lockdowns, which severely affected the industry participants. Although economies are gradually reopening in several parts of the world, production delays and underutilization of manufacturing capacities remain a major concern. The pandemic aggravated the concerns related to the economic downturn, thus persistently hurting the industry players’ spending patterns and new bookings.Labor Shortages a Concern: The pandemic-induced labor crisis is continuously affecting the production capacity of electronic companies. The companies are struggling to meet rising demand following the reopening of economies, worker absenteeism and short-term shutdowns. Labor crunch is dampening the industry participants’ prospects by increasing their lead times.Automation Boom a Tailwind: The requirement for faster, more powerful and energy-efficient electronics is leading to increased automation. The use of control systems, such as computers and robots, as well as information technologies for handling different processes and machinery, is driving the industry. The growing installation of collaborative robots, which add efficiency to production processes by working with production workers, will benefit industry participants. IoT-supported factory-automation solutions are other contributing factors. The evolution of smart cars and autonomous vehicles is expected to drive growth for the industry.Miniaturization Remains a Key Lever: The industry participants are benefiting from the ongoing transition in semiconductor manufacturing technology. Demand for advanced packaging, enabling the miniaturization of electronic products, remains strong. The consistent shift to smaller dimensions, the rapid adoption of new device architectures like FinFET transistors and 3D-NAND, and the increasing utilization of new manufacturing materials to increase transistor and bit density are driving demand for solutions provided by the industry players.Zacks Industry Rank Indicates Bleak ProspectsThe Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #170, placing it in the bottom 32% of more than 250 Zacks industries.The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bearish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Jul 31, 2022, the industry’s earnings estimates for the current year have moved 4.3% down.Despite the gloomy industry outlook, a few stocks have the potential to outperform the market based on a strong earnings outlook. But before we present the top industry picks, it is worth looking at the industry’s shareholder returns and the current valuation first.Industry Lags S&P 500, Outperforms SectorThe Zacks Electronics - Semiconductors industry has underperformed the Zacks S&P 500 composite but outperformed the broader Zacks Computer and Technology sector, over the past year.The industry has lost 29.3% over this period compared with the S&P 500’s decline of 16.4% and the broader sector’s decrease of 32.8%.One-Year Price Performance Industry's Current ValuationBased on the forward 12-month price to earnings, a commonly used multiple for valuing electronics - miscellaneous components stocks, the industry is currently trading at 20.59X compared with the S&P 500’s 17.71X and the sector’s 21.5X.Over the past five years, the industry has traded as high as 25.29X, as low as 14.53X and recorded a median of 18.67X, depicted in the charts below.Price/Earnings Ratio (F12M)3 Electronics - Miscellaneous Components Stocks to WatchFabrinet: FN offers advanced optical packaging and precision optical, and electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products. It is benefiting from a favorable demand environment. Further, solid momentum across optical communications products is aiding Fabrinet’s financial performance.The currently Zacks Rank #2 (Buy) player is likely to remain on the growth trajectory owing to the growing momentum across optical communications OEM customers. Rising demand for optical communications components and modules, driven by increasing outsourcing production activities to third parties by OEMs, remains a tailwind. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Fabrinet has gained 8.1% in the past year. The Zacks Consensus Estimate for fiscal 2023 earnings has been revised 7.6% upward to $7.48 per share over the past 30 days.Price and Consensus: FNnVent Electric: This London, United Kingdom-based entity has been gaining from portfolio strength, and modular and digital platforms. Further, NVT’s growth, profits and cash strategies remain noteworthy. Moreover, strengthening relationships with strategic channel partners are expected to continue benefiting it.The presently Zacks Rank #2 player, a provider of electrical connection and protection solutions, remains optimistic about strong demand for its products and solutions. Further, a solid execution of its strategy across high-growth verticals, product introductions, global expansion and strategic acquisitions remain tailwinds.nVent Electric has gained 3.2% in the past year. The Zacks Consensus Estimate for NVT’s 2022 earnings has been revised 4.5% upward to $2.31 per share over the past 30 days.Price and Consensus: NVTLittelfuse: This Chicago, IL-based player is benefiting from strong product demand, solid execution and disciplined cost-management actions. Solid demand for electronic components in the automotive space, and strength in several electronics and industrial markets are also driving its growth.The currently Zacks Rank #3 (Hold) entity is well-positioned to benefit from a robust design activity, given several strategic wins in high-growth industrial, electronics and transportation applications.LFUS has lost 26.5% in the past year. The Zacks Consensus Estimate for 2022 earnings has been revised 1.2% upward to $16.69 per share over the past 30 days.Price and Consensus: LFUS  FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report nVent Electric PLC (NVT): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report Littelfuse, Inc. (LFUS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 17th, 2022

Knowles (KN) Realigns Segments for Improved Transparency

The new business segments of Knowles (KN) are likely to better align with its corporate strategy and will take shape in the fourth quarter of 2022. Knowles Corporation KN has restructured its operating segments for improved transparency within the organization. The new business segments are likely to better align with its corporate strategy and will take shape in the fourth quarter of 2022.  While keeping the Precision Devices segment unchanged, Knowles has formed two new segments from the erstwhile Audio and renamed them MedTech & Specialty Audio and Consumer MEMS Microphones. The Precision Devices segment will continue to design and deliver highly engineered capacitors, filters and radio frequency devices for technically demanding applications. These products are mostly used in power supplies, radar, medical implants and satellites, serving the industrial, defense, aerospace, medical, telecommunications and automotive markets.The MedTech & Specialty Audio segment will design and manufacture microphones and balanced armature speakers for the hearing health and premium audio markets. The Consumer MEMS Microphones will design and manufacture micro-electro-mechanical systems (MEMS) microphones and audio solutions for IoT, computing and smartphone markets.Voice-powered interactions are fast emerging as a critical and necessary feature as consumers tend to engage with technology through natural, spoken commands across mobile, ear and IoT platforms. This has led to a wide proliferation of products, ranging from mobile phones to headsets and smart speakers to household appliances. Knowles aims to capitalize on its unique capabilities in acoustics, digital signal processing and algorithms to cater to these demands.The acquisition of Audience further helped the company gain essential digital signal processing and algorithm capabilities. Strong business focus, disciplined capital management, and continuous R&D (research & development) initiatives have helped Knowles to command a leading market position in MEMS microphones, balanced armature speakers, edge processors, high-performance capacitors and radiofrequency filtering solutions. MEMS microphones are the smallest of their kind, with the highest signal-to-noise ratio at the lowest power, while the balanced armature speakers offer the greatest output at the lowest power.Proprietary manufacturing techniques and global scale of operations have facilitated the company to fine-tune its business with evolving customer demands and invest in high-value solutions. The transformation from an acoustic component supplier to an audio solutions provider has enabled the company to migrate to higher-value solutions and increase content per device. This, in turn, has empowered it to capitalize on the positive macro trends in audio and edge processing solutions.Knowles boasts an integrated design and manufacturing scale of operations. The company has a unique ability to balance and shift between full and semi-automation to optimize the efficiency of operations and reduce operating expenses. For products that were introduced more than 18 months ago, Knowles strives to offset the expected price erosion through bill of material cost reductions, yield improvements, equipment efficiency and movement to lower-cost manufacturing locations.The stock has lost 32.7% in the past year compared with the industry’s decline of 13.6%.Image Source: Zacks Investment ResearchKnowles currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.TESSCO Technologies Incorporated TESS, sporting a Zacks Rank #1, delivered an earnings surprise of 126.1%, on average, in the trailing four quarters. Earnings estimates for TESSCO for the current year have moved up 44.3% since November 2021.TESSCO offers products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With more than three decades of experience, it delivers complete end-to-end solutions to the wireless industry.Harmonic Inc. HLIT, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 79.3%, on average, in the trailing four quarters. Earnings estimates for Harmonic for the current year have moved up 48.6% since March 2021.Harmonic provides video delivery software, products, system solutions, and services worldwide. With more than three decades of experience, it has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices.AudioCodes Ltd. AUDC, sporting a Zacks Rank #1, is likely to benefit from the secular tailwinds related to IP-based communications. Incorporated in 1992 and headquartered in Lod, Israel, it offers advanced communications software, products and productivity solutions for the digital workplace. It has a long-term earnings growth expectation of 9%.AudioCodes It aims to leverage its long-term partnership with Microsoft to further strengthen its market position. It is also likely to benefit from its continued focus on high-margin businesses. One Tiny Company Could Shake the EV Industry Zacks Aggressive Growth expert Brian Bolan has pinpointed a U.S. manufacturer with an under-$5 stock price that's gearing for a monster ride. It's ramping up production of an affordable, "working man's" rival to Tesla just as soaring gas prices and desire for energy independence are set to drive the EV market to $1 trillion in 5 years.See This Stock Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Harmonic Inc. (HLIT): Free Stock Analysis Report AudioCodes Ltd. (AUDC): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report Knowles Corporation (KN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 17th, 2022

Micron (MU) Announces Mass Production of Its LPDDR5X DRAM

Micron's (MU) LPDDR5X DRAM, validated for Qualcomm's latest Snapdragon platform, continues to gain market traction and is set for mass production to deliver unmatched smartphone experiences. Micron Technology MU recently declared that its low-power double data rate 5X (LPDDR5X) mobile memory, which is validated for Qualcomm’s QCOM latest Snapdragon 8 Gen 2 platform, continues to witness growing market traction currently.Integrated with the latest mobile reference design from Qualcomm’s Snapdragon portfolio, Micron’s LPDDR5X is specifically built for use in high-end and flagship smartphones. The dynamic random-access memory (DRAM) is designed to address the increasing demand for higher memory performance and lower energy consumption across a wide array of markets, including automotive, client personal computers (PCs) and networking systems built for fifth-generation (5G) and artificial intelligence applications.Micron's latest LPDDR5X offers peak speeds at 8.533 gigabits per second (Gbps), which is 33% faster than the previous-generation LPDDR5 and 24% more power efficient. This enables users to create, share and enjoy their mobile experiences longer between daily charging. It further helps to achieve up to a 50% increase in night-mode resolution for crisper, clearer photos and shoot speeds up to 35% faster. It also enables bringing features like portrait and low-light modes to video, letting a user shoot high-definition video as stunning as photographs even in low-light conditions.Micron Technology, Inc. Price and Consensus Micron Technology, Inc. price-consensus-chart | Micron Technology, Inc. QuoteCurrently, Micron is shipping LPDDR5X mobile memory in mass production with an assurance that the mobile ecosystem will innovate a new generation of devices and emerging apps beyond imagination. This DRAM solution, which complements the unparalleled speed and energy efficiency needs of Qualcomm Snapdragon chipsets, will ensure that the manufacturers who design smartphones using this chipset receive significant benefits.Micron is witnessing growing demand for memory chips from cloud-computing providers and acceleration in fifth-generation cellular network adoptions. A rising mix of high-value solutions, adoption of 5th Gen in the Internet of Things devices and wireless infrastructure, enhancement in customer engagement and improvement in cost structure are the company’s growth drivers.A few days ago, the company announced the availability of its DDR5 memory for the data center that is validated for the Advanced Micro Devices AMD EPYC 9004 Series processors. Collaborating with AMD, Micron assessed high-performance computing workloads: OpenFOAM, Weather Research and Forecasting (“WRF”) and CP2K, with DDR4 memory on 3rd Gen AMD EPYC processors and with DDR5 memory on 4th Gen AMD EPYC processors. The combination of Micron DDR5 and AMD’s 4th Gen processor enhanced the performances of OpenFOAM, WRF and CP2K dynamics by 2.4x, 2.1x and 2.03x, respectively.The combination of Micron’s DDR5 and AMD’s 4th Gen EPYC processors is likely to transform the data center operations of AMD enterprise customers while accelerating their time to value, reducing their total ownership costs and aiding to address their sustainability targets. DDR5 stands as a significant enhancement in system memory capabilities that are required to enable increasingly memory-bound algorithms, boding well for the next generation of data center infrastructure.For fourth-quarter fiscal 2022, Micron reported Dynamic random access memory revenues of $4.81 billion, which represented 72% of the total top line.Zacks Rank & A Key PickMicron currently carries a Zacks Rank #3 (Hold) while both Qualcomm and Advanced Micro Devices hold a Zacks Rank #5 (Strong Sell). Shares of Micron, Qualcomm and AMD have declined 16.3%, 31.3% and 49.5%, respectively, in the past year.A better-ranked stock from the broader Computer and Technology sector is Celestica CLS, which flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Celestica’s fourth-quarter 2022 earnings has increased 9 cents to 53 cents per share over the past 30 days. For 2022, earnings estimates have moved 16 cents up to $1.86 per share in the past 30 days.CLS' earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average surprise being 11.8%. Shares of the company have declined 0.7% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Celestica, Inc. (CLS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 16th, 2022

If You Invested $1000 in ON Semiconductor Corp. a Decade Ago, This is How Much It"d Be Worth Now

Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more. How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.What if you'd invested in ON Semiconductor Corp. (ON) ten years ago? It may not have been easy to hold on to ON for all that time, but if you did, how much would your investment be worth today?ON Semiconductor Corp.'s Business In-DepthWith that in mind, let's take a look at ON Semiconductor Corp.'s main business drivers. onsemi, is an original equipment manufacturer of a broad range of discrete and embedded semiconductor components. The company was spun off from Motorola in Aug 1999 and went public through an IPO in May 2000.onsemi’s product lines include discretes, such as bipolar transistors, diodes, filters, FETs, rectifiers and thyristors.onsemi’s acquisition of GT Advanced Technologies will help the company to grow and innovate disruptive intelligent power technologies. Moreover secure supply of SiC to meet growing demand of customers for SiC based solutions. Moreover, the company’s acquisitions of Cypress Semiconductor’s CMOS Image Sensor Business Unit, SANYO Semiconductor, AMI Semiconductor, Analog Devices’ power PC controller business, CMD, Catalyst, and SoundDesign gave it new technical capabilities, some custom ASIC products, higher-margin products, exposure to new end markets and greater product breadth.The power management product line includes AC-DC controllers and regulators, DC-DC converters and regulators, drivers, thermal managers, and voltage controllers, references and supervisors.The logic product line includes clocking, memory, differential logic and standard logic products.Signal processing products include amplifiers and comparators, analog switches, digital potentiometers, DSP systems and interfaces.The company also offers custom application specific integrated circuits (ASICs), foundry services and memory products.Customers include OEMs, electronic manufacturing service (EMS) providers and distributors. Top OEM customers include Motorola, Delta, Hewlett-Packard, Samsung, Siemens, Apple, Dell, Nokia, Intel, Sony, Continental Automotive Systems, DaimlerChrysler, Delphi, TRW and Visteon.Top distributor customers include Arrow, Avnet, EBV Elektronik, Future, Solomon Enterprise and World Peace. Top EMS customers are Flextronics, Jabil and Celestica.Phoenix, AZ-based onsemi reported revenues of $6.74 billion in 2021. The company generated 13.8% of total revenues in 2021 from the United States.Bottom LineAnyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in ON Semiconductor Corp. ten years ago, you're likely feeling pretty good about your investment today.According to our calculations, a $1000 investment made in November 2012 would be worth $12,260.94, or a 1,126.09% gain, as of November 15, 2022. Investors should keep in mind that this return excludes dividends but includes price appreciation.Compare this to the S&P 500's rally of 191.94% and gold's return of -0.70% over the same time frame.Analysts are forecasting more upside for ON too. onsemi is benefiting from broad-based strength across its core industrial and automotive end-markets for both silicon carbide and insulated-gate bipolar transistor-based products. In third-quarter 2022, IGBT and MOSFET businesses grew 37% year over year. Intelligent sensing revenues increased 43% year over year due to increased usage of semiconductor content in the automotive and industrial applications. Increasing average selling price bodes well for onsemi as the number of sensors per car continues to grow and the level of sophistication delivered by the latest generation systems increases. onsemi continues to gain traction among electric vehicle manufacturers. Shares have outperformed the industry year to date. However, investments on silicon carbide ramp will hurt margin in the near term. The stock has jumped 21.81% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 11 higher, for fiscal 2022; the consensus estimate has moved up as well. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ON Semiconductor Corporation (ON): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 15th, 2022

3D Systems (DDD) and ALM Team Up for Portfolio Expansion

3D Systems (DDD) and ALM partner to expand additive manufacturing material portfolio, providing access to 3D Systems' new first-to-market solution, DuraForm PAx, which is a nylon copolymer material. 3D Systems DDD recently announced that it has inked a partnership with Texas-based ALM to expand access to industry-leading additive manufacturing materials. As part of the agreement, 3D Systems will allow ALM to add 3D Systems’ DuraForm PAx material into its portfolio.This will give ALM customers access to a unique nylon copolymer, which features properties similar to injection molded plastics. The technology can be used with any commercially-available selective laser sintering (SLS) printer to manufacture tough, lightweight, production-grade parts for applications like tooling handles, orthotics, splints and braces, ducting in rugged environments, living hinges, liquid reservoirs and enclosures.With 3D Systems’ DuraForm PAx, ALM customers will be able to get access to 3D printing materials that offer elevated impact resistance with high elongation at break in any direction. This deal widens the choices available to them, which they can use for the application development process.The DuraForm Pax material, which can be processed easily, is highly recyclable, indicating that it will help ALM customers reduce waste and decrease production costs. The material’s low printing temperatures reduce the time to part in hand and increase printer uptime, enabling manufacturers to gain a competitive edge and accelerate their supply chains. The material offers long-term stability of over five years indoors and is designated as a clean running material that implies low operator maintenance. 3D Systems Corporation Price and Consensus 3D Systems Corporation price-consensus-chart | 3D Systems Corporation QuoteBoth partners will be showcasing the first-to-market DuraForm PAx solution as part of their additive manufacturing solutions portfolio in their respective booths at the Formnext 2022 event.3D Systems is the sole distributor of the DuraForm Pax material at present. The company intends to develop other materials showcasing superior performance in the powder-bed fusion platform by utilizing SLS printing technology in the future.3D Systems is anticipating material science to be a key driver in the transition to 3D production. It is investing large sums in material innovation across its portfolio to capitalize on this trend. Moving forward, DDD expects its portfolio of innovative products to drive more than 30% organic growth over the next couple of years, thereby enhancing its margins and earnings.In September, the additive manufacturer declared the formation of a wholly-owned bioprinting startup, Systemic Bio, to accelerate the development of new drugs that will aid in reducing or eliminating the need for animal testing. This is likely to expand 3D Systems’ growth opportunities in the domain of pharmaceuticals and create a new revenue stream that could reach $100 million annually over the next five years.Shares of the company declined 64% in the past year.Zacks Rank & Stocks to Consider3D Systems currently carries a Zacks Rank #4 (Sell).Some better-ranked stocks from the broader Computer and Technology sector are Celestica CLS, Fabrinet FN and Zscaler ZS. While Celestica and Fabrinet flaunt a Zacks Rank #1 (Strong Buy), Zscaler carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Celestica’s fourth-quarter 2022 earnings has increased by 9 cents to 53 cents per share over the past 30 days. For 2022, earnings estimates have moved 16 cents up to $1.86 per share in the past 30 days.CLS' earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average surprise being 11.8%. Shares of the company have declined 2.8% in the past year.The Zacks Consensus Estimate for Fabrinet's second-quarter fiscal 2023 earnings has been revised 4 cents northward to $1.77 per share over the past seven days. For fiscal 2023, earnings estimates have improved by 17 cents to $7.12 per share in the past seven days.FN’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters, missing once, the average surprise being 5.4%. Shares of the company have gained 3.4% in the past year.The Zacks Consensus Estimate for Zscaler's first-quarter fiscal 2023 earnings has been revised 7 cents north to 26 cents per share over the past 60 days. For fiscal 2023, earnings estimates have moved north by 15 cents to $1.18 per share in the past 60 days.ZS' earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 28.6%. Shares of the company have declined 61.9% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Celestica, Inc. (CLS): Free Stock Analysis Report 3D Systems Corporation (DDD): Free Stock Analysis Report Fabrinet (FN): Free Stock Analysis Report Zscaler, Inc. (ZS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 11th, 2022

Stratasys (SSYS) Buys Quality Assurance Software Maker Riven

The integration of Riven's quality assurance software into Stratasys' (SSYS) GrabCAD Additive Manufacturing Platform is likely to help customers scale their shipments of 3D-printed end-use parts. Stratasys SSYS recently announced that it has acquired the California-based quality assurance software startup Riven. However, the company did not disclose the financial terms of the transaction.Riven’s cloud-based Warp Adaptive Modeling software helps users quickly inspect, diagnose and automatically correct deviations between computer-aided design (CAD) files and actual printed parts. This results in producing more accurate parts at a lower cost. The company is testing a new version that uses artificial intelligence to pre-adjust models automatically.Stratasys intends to fully integrate Riven’s software into its GrabCAD Additive Manufacturing Platform, which is an open and enterprise-ready software platform that enables manufacturers to manage production-scale additive manufacturing operations. With this integration, SSYS will be able to help its customers scale their shipments of 3D-printed end-use parts while minimizing waste through fewer iterations.Stratasys, Ltd. Price and Consensus Stratasys, Ltd. price-consensus-chart | Stratasys, Ltd. QuoteStratasys is benefiting from an increase in the demand for 3D printed materials. Per the Fortune Business Insights report, the global 3D printing market is expected to reach $83.90 billion by 2029, representing a CAGR of 24.3% through the 2022-2029 period. As the industry leader in 3D printing, this is encouraging for Stratasys as it will be able to grab a large share of this market.Moreover, SSYS’ cost-control initiatives are expected to reflect positively on expenses in the forthcoming quarters. A firm focus on launching products and entering into partnerships is a key driver. In the last reported quarter, Stratasys registered growth across key metrics, including revenues, earnings and cash flows.In the second quarter of 2022, Stratasys’ revenues jumped 13.3% year over year to $166.6 million and surpassed the Zacks Consensus Estimate of $166 million. The company reported non-GAAP earnings of 2 cents per share for the quarter, which compared favorably with the year-ago quarter’s loss of 2 cents as well as the Zacks Consensus Estimate of a loss of 3 cents.Zacks Rank & Stocks to ConsiderCurrently, Stratasys carries a Zacks Rank #4 (Sell). Shares of SSYS have plunged 40.5% year to date (YTD).Some better-ranked stocks from the broader Computer and Technology sector are Digi International DGII, Zscaler ZS and Baidu BIDU. Digi and Zscaler each sport a Zacks Rank #1 (Strong Buy) at present, while Baidu carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Digi’s first-quarter fiscal 2023 earnings has increased by 4 cents to 42 cents per share over the past 90 days. For fiscal 2023, earnings estimates have moved 6.2% up to $1.88 per share in the past 60 days.DGII's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 28.6%. Shares of the company have increased 60.4% YTD.The Zacks Consensus Estimate for Zscaler's first-quarter fiscal 2023 earnings has been revised 7 cents north to 26 cents per share over the past 60 days. For fiscal 2023, earnings estimates have moved a penny north to $1.18 per share in the past 30 days.ZS’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 28.6%. Shares of the company have declined 51.9% YTD.The Zacks Consensus Estimate for Baidu's fourth-quarter 2022 earnings has been revised 4 cents northward to $2.79 per share over the past 30 days. For 2022, earnings estimates have moved downward by 11 cents to $9.05 per share in the past 30 days.Baidu's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 58.1%. Shares of BIDU have slumped 45.7% YTD. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baidu, Inc. (BIDU): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report Digi International Inc. (DGII): Free Stock Analysis Report Zscaler, Inc. (ZS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 26th, 2022