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Raven & Farmers Edge Team Up to Develop Agronomic Tools
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Raven Industries, Inc. recently entered into a marketing and collaboration agreement with Farmers Edge — a world leader in decision agriculture — to develop new precision agriculture technologies. The collaboration incorporates Raven’s precision agriculture hardware, high-speed connectivity and variable rate technology, and Farmers Edge’s precision digital solutions with billions of on-farm data points.
Per the deal, farmers will be able to visualize, analyze and make all farm management decisions at a single point by aligning important analytics with unparalleled data sets. The collaboration will facilitate the expansion of Farmers Edge digital agronomy and risk management solutions in markets, thus enabling farmers to boost efficiency, enhance productivity and increase profitability.
Existing Business Scenario
Raven is enjoying strong operational momentum, courtesy of solid market potential for its core technology. In applied technology, it is increasing market share through technological advancements. Also, the company’s new product introductions continued to gain traction, particularly through original equipment manufacturer (OEM) channel. This development was owing to sustained funding of key R&D projects, over the last few years. Raven has developed its next-generation rate control technology as well.
In the past three months, this Zacks Rank #3 (Hold) company has returned 17% against the industry’s decline of 4.5%.
Meanwhile, the company’s Aerostar segment persists to grow across many of its platforms, including stratospheric balloons, radar systems, and aerostats. The pipeline of high-quality business opportunities for this division has improved significantly.
Furthermore, Raven continues to make progress in building the market for its stratospheric technology. The company’s stronger pipeline vouches for its solid sales in 2019.
However, with the forecast for lower agricultural equipment sales volume through the rest of the year, Raven believes that the U.S. agricultural market may remain challenging. Also, the company’s financial results might be negatively impacted by changes in trade, monetary and fiscal policies, and laws and regulations.
Crane Company surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 2.1%.
Danaher outpaced estimates in the preceding four quarters, with an average earnings surprise of 4.1%.
Honeywell International outpaced estimates in the trailing four quarters, with an average positive earnings surprise of 1.5%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Raven & Farmers Edge Team Up to Develop Agronomic Tools
Raven Industries, Inc. recently entered into a marketing and collaboration agreement with Farmers Edge — a world leader in decision agriculture — to develop new precision agriculture technologies. The collaboration incorporates Raven’s precision agriculture hardware, high-speed connectivity and variable rate technology, and Farmers Edge’s precision digital solutions with billions of on-farm data points.
Per the deal, farmers will be able to visualize, analyze and make all farm management decisions at a single point by aligning important analytics with unparalleled data sets. The collaboration will facilitate the expansion of Farmers Edge digital agronomy and risk management solutions in markets, thus enabling farmers to boost efficiency, enhance productivity and increase profitability.
Existing Business Scenario
Raven is enjoying strong operational momentum, courtesy of solid market potential for its core technology. In applied technology, it is increasing market share through technological advancements. Also, the company’s new product introductions continued to gain traction, particularly through original equipment manufacturer (OEM) channel. This development was owing to sustained funding of key R&D projects, over the last few years. Raven has developed its next-generation rate control technology as well.
In the past three months, this Zacks Rank #3 (Hold) company has returned 17% against the industry’s decline of 4.5%.
Meanwhile, the company’s Aerostar segment persists to grow across many of its platforms, including stratospheric balloons, radar systems, and aerostats. The pipeline of high-quality business opportunities for this division has improved significantly.
Furthermore, Raven continues to make progress in building the market for its stratospheric technology. The company’s stronger pipeline vouches for its solid sales in 2019.
However, with the forecast for lower agricultural equipment sales volume through the rest of the year, Raven believes that the U.S. agricultural market may remain challenging. Also, the company’s financial results might be negatively impacted by changes in trade, monetary and fiscal policies, and laws and regulations.
Stocks to Consider
Some better-ranked stocks in the same space are Crane Company (CR - Free Report) , Danaher Corporation (DHR - Free Report) and Honeywell International Inc. (HON - Free Report) . All these three companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Crane Company surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 2.1%.
Danaher outpaced estimates in the preceding four quarters, with an average earnings surprise of 4.1%.
Honeywell International outpaced estimates in the trailing four quarters, with an average positive earnings surprise of 1.5%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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