에 대한 최신 뉴스 Teledyne Technologies (NYSE:TDY) 주식

Teledyne Technologies

Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes the largest proportion of revenue and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.

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OPTT

오션 파워 테크놀로지스(AMEX:OPTT)의 주가는 회사가 텔레다인 마린(Teledyne Marine)과 계약을 체결했다고 발표한 후 목요일 마감 이후 상승했다. 무슨 일이 (What Happened): 목요일 시장 마감 후 오션 파워 테크놀로지스는 오션 파워의 제품군을 강화하고 이 업계 내 혁신을 주도하기 위해 텔레다인 테크놀러지스(NYSE:TDY)의 계열사인 텔레다인 마린과 주문자 상표 부착 생산(OEM) 계약을 체결했다고 밝혔다.

오션 파워 테크놀로지스: 텔레다인 마린과의 OEM 계약 발표 후 주가 급등

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수요일에 영향력 있는 투자자인 캐시 우드가 이끌고 있는 아크 인베스트(Ark Invest)는 로빈후드 마켓(NASDAQ:HOOD), 모더나(NASDAQ:MRNA), 팔란티어 테크놀로지스(NYSE:PLT

아크 인베스트: 비트코인 하락에 로빈후드 매도, 모더나 매도, 팔란티어와 AMD 주식 매수

Teledyne Technologies Incorporated Common Stock

Teledyne Technologies Inc

THERMODYNETICS INC by Thermodynetics, Inc.

Thermodynetics Inc

Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) has outperformed the market over the past 20 years by 7.58% on an annualized basis producing an average annual return of 15.88%. Currently, Teledyne Technologies has a market capitalization of $18.37 billion. 
Buying $1000 In TDY: If an investor had bought $1000 of TDY stock 20 years ago, it would be worth $19,471.09 today based on a price of $387.28 for TDY at the time of writing.
<h3>Teledyne Technologies's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720121440_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In This Stock 20 Years Ago Would Be Worth $19,000 Today

The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) recently signed a contract to buy back Spirit AeroSystems (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spr#NYSE">SPR</a>), its largest independent supplier of aerostructures, which spun off from the jet maker in 2005. In addition to manufacturing aerostructures for every Boeing commercial aircraft currently in production, SPR designs, engineers and manufactures structural components for BA&#39;s P-8 and KC-46 Tanker aircraft.
As stipulated in the agreement, Boeing will have to pay the acquisition price of $4.7 billion. Including Spirit&#39;s most recently disclosed net debt, the entire deal value comes to almost $8.3 billion.
<h3>Benefits of the Acquisition</h3>
Boeing already enjoys a significant presence in the aerospace sector, both in the commercial and defense segments, and the acquisition of Spirit AeroSystems is anticipated to strengthen its revenue generation prospects from this space.
In the commercial segment, SPR offers a wide range of products like fuselage, nacelles, wing structures and a few more. Considering the fact that Boeing has been recently struggling financially from a slowdown in its delivery for 737 Max as well as production issues of the 787 model, the addition of SPR to its portfolio can be expected to boost its commercial portfolio in the coming days.
Moreover, since Spirit AeroSystems is also a provider of military jet-related products for other defense majors, this acquisition will offer Boeing the chance to further broaden its customer base, thereby increasing its share in the expanding defense industry as well.
SPR builds forward cockpit and cabin for Lockheed&#39;s CH-53K Helicopter and also offers development work for Northrop&#39;s B-21 Raider. In 2023, the company was selected by Textron&#39;s Bell Helicopter for pre-engineering and manufacturing development efforts associated with the U.S. Army&#39;s Future Long-Range Assault Aircraft. It secured several contracts across all five of the Defense and Space segment&#39;s focus areas (hypersonics, next-generation crewed aircraft, unmanned aerial systems, next-generation effects and space).&nbsp;
<h3>Acquisition Spree of Aerospace-Defense Players</h3>
In recent years, there has been a noticeable increase in mergers and acquisitions in the aerospace-defense industry for a variety of reasons, including the need to meet long-term objectives by attaining economies of scale and operational efficiency, diversifying the portfolio to combat competition and increasing emphasis on cost-reduction measures. These deals are growing in importance because they enable companies to develop as they see fit, expanding their operations, hiring more personnel, creating new technologies and so on, resulting in better products and services, as well as bigger market shares.
Being no exception, Boeing has also been engaged in many valuable acquisitions, like the latest one, in recent times. Prior to Spirit AeroSystems, in June 2024, Boeing&#39;s subsidiary, Wisk Aero, a leading Advanced Air Mobility company, acquired Verocel Inc, which is a software verification and validation company.
Apart from Boeing, other aerospace-defense companies that have recently indulged in valuable acquisition deals are as follows:
In March 2024, Teledyne Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdy#NYSE">TDY</a>) consented to buy Valeport Holdings 2019 Limited and its subsidiaries, a company that designs and produces underwater sensors for use in energy, construction, environmental and defense applications. The acquisition ought to improve TDY&#39;s marine technology portfolio.
TDY has a long-term (three to five years) earnings growth rate of 7.3%. The Zacks Consensus Estimate for its 2024 sales implies an improvement of 0.4% from the prior-year figure.
In May 2024, TransDigm Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdg#NYSE">TDG</a>) agreed to acquire Raptor Scientific for $655 million, a manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. Through this acquisition, TDG should be able to provide a wider range of products and gain a larger market share in the highly engineered aviation components industry.
TransDigm Group has a long-term earnings growth rate of 19.7%. The Zacks Consensus Estimate for its fiscal 2024 sales calls for an improvement of 18.7% from the prior-year figure.
<h3>Price Movement</h3>
In the past month, shares of Boeing have risen 1.2% against the industry&#39;s decline of 2.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d7/70064.jpg?v=851272414" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Boeing currently carries a Zacks Rank #4 (Sell).
<a href="https://www.zacks.com/stock/news/2296197/boeing-ba-set-to-buy-back-spirit-aerosystems-for-8-3b?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2296197">To read this article on Zacks.com click here.</a>

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Analyst Ratings

Boeing Set to Buy Back Spirit AeroSystems for $8.3B

Teledyne Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) short percent of float has fallen 3.01% since its last report. The company recently reported that it has 588 thousand shares sold short, which is 1.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.59 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Teledyne Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719854115_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Teledyne Technologies has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Teledyne Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Teledyne Technologies's peer group average for short interest as a percentage of float is 7.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Teledyne Technologies's Recent Short Interest

Ocean Power Technologies Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares are trading higher after the close on Thursday after the company announced it signed an <a href="https://www.benzinga.com/pressreleases/24/06/g39537575/ocean-power-technologies-signs-oem-agreement-with-key-maritime-technology-provider-teledyne-marine">agreement with Teldyne Marine</a>.
What Happened: After the market close on Thursday, Ocean Power Technologies said it signed an Original Equipment Manufacturer agreement with Teledyne Marine, a division of Teledyne Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) to enhance Ocean Power&#8217;s product offerings and drive innovation within the industry.
&#8220;This agreement allows us to leverage Teledyne&#8217;s best-in-class offerings to deliver superior sensor and ocean technology products to our customers. Our shared commitment to excellence and innovation makes this a natural fit. We believe this partnership further accelerates our growth and enables additional revenue stream,&#8221; said Philipp Stratmann, CEO of Ocean Power Technologies.
Ocean Power Technologies provides intelligent maritime solutions and services that aim to enable safer, cleaner and more productive ocean operations for the defense and security, oil and gas, science and research and offshore wind markets.
See Also: <a href="https://www.benzinga.com/news/earnings/24/06/39536852/nike-q4-earnings-highlights-revenue-miss-eps-beat-taking-our-near-term-challenges-head-on">Nike Q4 Earnings Highlights: Revenue Miss, EPS Beat, &#8216;Taking Our Near-Term Challenges Head-On&#8217;</a>
<h1 class="wp-block-heading">How To Buy OPTT Stock</h1>
Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, Ocean Power is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
OPTT Price Action: Ocean Power Technologies shares were up 35.56% after hours at $0.22 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: • <a href="https://www.benzinga.com/markets/equities/24/06/39537341/last-inflation-report-pushed-markets-to-record-highs-in-june-could-it-happen-again-friday-5-etfs'">Last Inflation Report Pushed Markets To Record Highs In June: Could It Happen Again Friday? 5 ETFs To Watch</a>
Photo: Shutterstock.

What's Going On With Ocean Power Technologies Stock After Hours?

Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) has outperformed the market over the past 20 years by 8.07% on an annualized basis producing an average annual return of 16.16%. Currently, Teledyne Technologies has a market capitalization of $18.48 billion. 
Buying $100 In TDY: If an investor had bought $100 of TDY stock 20 years ago, it would be worth $1,973.62 today based on a price of $389.60 for TDY at the time of writing.
<h3>Teledyne Technologies's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718634617_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Teledyne Technologies 20 Years Ago Would Be Worth Today

Lightweight, multi-mission unmanned ground system represents the cutting edge in portable robotics
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>), announced today at Eurosatory the official launch of its new SUGV&trade; 325 portable and modular robot.

Teledyne FLIR Defense Unveils New SUGV 325 Portable, Modular Robot At Eurosatory

Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) has outperformed the market over the past 15 years by 4.75% on an annualized basis producing an average annual return of 17.3%. Currently, Teledyne Technologies has a market capitalization of $18.70 billion. 
Buying $100 In TDY: If an investor had bought $100 of TDY stock 15 years ago, it would be worth $1,102.12 today based on a price of $394.23 for TDY at the time of writing.
<h3>Teledyne Technologies's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718312480_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $1,100 Today

Teledyne Technologies' Teledyne Flir Defense Will Play A Pivotal Role In Transforming The Narrative Of The Highly-anticipated Television Series, CHOPPER COPS

TerraPower has selected Teledyne Brown Engineering to provide the design, fabrication and testing of a prototype In-Vessel Transfer Machine (IVTM). This system will load, remove, and manipulate core components within the reactor vessel during refueling operations.

Contracts

Teledyne Says Subsidiary Teledyne Brown Engineering Selected By TerraPower As Supplier For Natrium Reactor Demonstration Project In Kemmerer, Wyoming

On Wednesday, Ark Invest, led by the influential investor Cathie Wood, executed notable trades involving Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Moderna Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
The HOOD Trade
Ark Invest reduced its stake in Robinhood Markets Inc across multiple funds. The ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) sold 113,329 shares. Similarly, the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) offloaded 444,823 shares, and the ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) parted with 35,582 shares. The transaction amounted to $12.51 million. 
This week, Robinhood&#8217;s shares surged after the company&#8217;s board of directors authorized the <a href="https://www.benzinga.com/news/24/05/39047461/robinhood-markets-stock-jumps-on-1b-buyback-whats-going-on">share repurchase program</a>, aiming to return value to shareholders as the business and cash flow continued to grow. Management plans to complete the buyback over a two- to three-year period starting in the third quarter of 2024, adjusting the pace based on Robinhood&#8217;s share price fluctuations.
On Wednesday, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39077184/bitcoin-ethereum-dogecoin-edge-lower-as-inflation-fears-grip-investors-less-and-less-of-ki">experienced volatility</a>, hovering around the $67,000 mark, while Ethereum dipped below $3,800, erasing gains driven by recent spot ETF excitement. Notably, Robinhood allows its large retail trader userbase to buy and sell cryptocurrencies.
The MRNA Trade
On the biotech front, Ark Invest divested from Moderna for a second day in running, with ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) selling 15,644 shares and the flagship ARKK selling 24,616 shares. The combined value of the sold shares is roughly $5.95 million, considering Moderna&#8217;s closing price of $147.92. This decision aligns with <a href="https://www.benzinga.com/markets/equities/24/05/39053301/cathie-woods-ark-invest-scoops-up-shares-of-amd-and-palantir-dumps-moderna-stock-worth-4-4m">Ark&#8217;s recent trading patterns</a> of reducing exposure to Moderna.
The PLTR Trade
Contrastingly, Ark Invest bolstered its position in Palantir Technologies Inc, with ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) acquiring 25,403 shares valued at nearly $532,000, given Palantir&#8217;s last close at $20.94. This purchase comes amidst <a href="https://www.benzinga.com/markets/equities/24/05/39065153/whats-going-on-with-palantir-technologies-stock-today">fluctuations in Palantir&#8217;s stock</a>, as investors speculate on the company&#8217;s future growth prospects.
The AMD Trade
Ark&#8217;s ARKW made a bullish move on Advanced Micro Devices Inc, buying 9,725 shares worth approximately $1.61 million. This investment comes after news of AMD&#8217;s <a href="https://www.benzinga.com/news/24/05/39060171/amd-expands-partnership-with-samsung-new-3nm-chips-to-boost-market-share">expanded partnership with Samsung</a>. This is the second time in a row, the firm has purchased the Nividia-rival&#8217;s stock.
Other Key Trades: ARKG&#8217;s purchase of 375,779 shares of Absci Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>). ARKG&#8217;s acquisition of 38,501 shares of Guardant Health Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>). ARKQ&#8217;s investment in 116,232 shares of 3D Systems Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>). ARKX&#8217;s strategic buy of 1,244 shares of Teledyne Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>).
Photo Courtesy: Ark Invest
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39032058/shiba-inu-investor-turns-2-625-investment-in-dogecoin-killer-to-1-1m-afer-3-5-years-of-ina?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Investor Turns $2,625 Investment In &#8216;Dogecoin Killer&#8217; To $1.1M Afer 3.5 Years Of Inactivity</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood-Led Ark Invest Cuts Robinhood Holdings Amid Bitcoin Dip, Keeps Selling Moderna Stock — Buys Palantir And AMD Shares

Teledyne Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) short percent of float has fallen 4.55% since its last report. The company recently reported that it has 765 thousand shares sold short, which is 2.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.26 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Teledyne Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715865310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Teledyne Technologies has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Teledyne Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Teledyne Technologies's peer group average for short interest as a percentage of float is 6.00%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Teledyne Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) short percent of float has risen 23.6% since its last report. The company recently reported that it has 801 thousand shares sold short, which is 2.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.72 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Teledyne Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714418122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Teledyne Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Teledyne Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Teledyne Technologies's peer group average for short interest as a percentage of float is 6.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

B of A Securities analyst Ronald Epstein downgrades Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) from Buy to Neutral and lowers the price target from $490 to $400.

Downgrades

Price Target

B of A Securities Downgrades Teledyne Technologies to Neutral, Lowers Price Target to $400

TD Cowen analyst Joseph Giordano maintains Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) with a Buy and lowers the price target from $475 to $450.

TD Cowen Maintains Buy on Teledyne Technologies, Lowers Price Target to $450

Needham analyst James Ricchiuti maintains Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) with a Buy and lowers the price target from $510 to $455.

Needham Maintains Buy on Teledyne Technologies, Lowers Price Target to $455

Shares of Teledyne Technologies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter financial results and <a href="https://www.benzinga.com/quote/TDY/earnings">cut FY24 adjusted EPS guidance.</a>
Teledyne Technologies posted adjusted earnings of $4.55 per share, missing market estimates of $4.63 per share. The company's quarterly sales came in at $1.35 billion versus expectations of $1.40 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Teledyne Technologies shares dipped 9.3% to $369.16 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) gained 136% to $0.3570.</li>
<li>BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) shares climbed 73% to $1.98 after the company announced it has expanded its existing relationship with the nation&#8217;s largest retailer, which brings the total annualized value of commitments from the retailer to over $8 million.</li>
<li>Amesite Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) jumped 55.7% to $3.10 after the company announced the Beta release of its NurseMagic app.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) gained 53.5% to $0.8599.</li>
<li>WiMi Hologram Cloud Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) rose 44.6% to $1.05.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) rose 44% to $3.93.</li>
<li>Prenetics Global Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRE#NASDAQ">PRE</a>) gained 36.6% to $6.25.</li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) shares surged 29.9% to $28.20 after the company announced the results of an independent investigation showed the company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares climbed 29% to $2.8948.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) gained 28.8% to $0.9427.</li>
<li>Ribbon Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) shares rose 27.2% to $3.2699 after the company reported first-quarter financial results and issued guidance.</li>
<li>TROOPS, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) gained 26.6% to $1.38.</li>
<li>Babcock &amp; Wilcox Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) gained 19.9% to $1.10</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) surged 12.1% to $65.13 following better-than-expected first-quarter financial results.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 11.9% to $161.93 following first-quarter results.</li>
<li>Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) climbed 11.2% to $88.07 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Intchains Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NYSE">ICG</a>) gained 10.3% to $10.30.</li>
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) surged 9.2% to $4.1402. Navitas Semiconductor is expected to report first-quarter financial results on Thursday, May 9.</li>
<li>Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) surged 9% to $161.84 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Stride, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) surged 8.4% to $63.07 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) gained 6.4% to $176.10 following a first-quarter earnings beat.</li>
<li>Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) surged 6.2% to $73.24 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) rose gained 4.4% to $205.69 after the company reported better-than-expected first-quarter financial results and raised FY24 adjusted EPS guidance.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) fell 67.4% to $3.06 after jumping over 137% on Tuesday. The company priced its IPO at $4 per share.</li>
<li>iSun, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) fell 40% to $0.0901 after the company announced a reverse stock split.</li>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) declined 36.8% to $0.4801.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) shares dipped 32.4% to $5.27 after reporting fiscal year 2023 results.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 31% to $0.0925 after the company announced a reverse stock split.</li>
<li>Vaxxinity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAXX#NASDAQ">VAXX</a>) dipped 26.8% to $0.1464.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) fell 20% to $0.2320.</li>
<li>Brand Engagement Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares dipped 19.5% to $3.46.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares declined 18.8% to $1.81.</li>
<li>Recon Technology, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCON#NASDAQ">RCON</a>) fell 16.5% to $0.0845.</li>
<li>Finch Therapeutics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNCH#NASDAQ">FNCH</a>) fell 15.5% to $2.35.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares slipped 13.9% to $77.13 following downbeat quarterly earnings.</li>
<li>Mersana Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRSN#NASDAQ">MRSN</a>) fell 11% to $2.8600.</li>
<li>Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) dipped 9.8% to $90.45 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.</li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares declined 9.7% to $197.95 following a first-quarter revenue miss.</li>
<li>Vicor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) dipped 8.5% to $32.17 after the company reported worse-than-expected first-quarter sales results.</li>
<li>Sleep Number Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) fell 8.4% to $13.38.</li>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares declined 8.4% to $211.18 following quarterly results.</li>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) fell 8.2% to $5.25. Equinox Gold entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion&#8217;s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% to $108.43 after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.</li>
<li>Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) shares fell 4.3% to $253.02 following downbeat quarterly earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38400974/tesla-to-180-here-are-10-top-analyst-forecasts-for-wednesday">Tesla To $180? Here Are 10 Top Analyst Forecasts For Wednesday</a>

AMST

APDN

ATXI

BNAI

CSSE

New Oriental Education & Technology Group

ENPH

FNCH

GCTK

HELE

ISUN

LICN

MANH

MRSN

MULN

NIVF

NVTS

ODFL

RBBN

RCON

RILY

SNBR

TROO

TSLA

VAXX

VICR

WIMI

Connexa Sports Technologies Inc. - Common Stock

YYAI

Why Teledyne Technologies Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares rose 38.6% to $0.84 during Wednesday's regular session. The market value of their outstanding shares is at $36.9 million. As per the news, the Q1 earnings report came out 3 days ago. </li>
<li>NextTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRP#NASDAQ">NTRP</a>) shares rose 38.46% to $3.96. The market value of their outstanding shares is at $5.3 million. </li>
<li>Ribbon Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) stock increased by 30.35% to $3.35. The market value of their outstanding shares is at $578.5 million. As per the news, the Q1 earnings report came out today. </li>
<li>Prairie Operating (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROP#NASDAQ">PROP</a>) stock increased by 23.28% to $14.57. The market value of their outstanding shares is at $146.1 million. </li>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) shares moved upwards by 22.08% to $1.47. The market value of their outstanding shares is at $108.8 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock increased by 21.84% to $2.73. The market value of their outstanding shares is at $543.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares fell 18.6% to $3.5 during Wednesday's regular session. The market value of their outstanding shares is at $116.6 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares decreased by 13.66% to $2.15. The market value of their outstanding shares is at $2.2 million. </li>
<li>Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) stock fell 12.36% to $356.78. The company's market cap stands at $16.9 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares decreased by 12.0% to $0.44. The market value of their outstanding shares is at $7.3 million. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) stock decreased by 10.85% to $3.08. The market value of their outstanding shares is at $34.1 million. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) stock decreased by 10.27% to $1.35. The market value of their outstanding shares is at $22.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRE

BTCM

CETX

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

NTRP

PROP

RCAT

12 Information Technology Stocks Moving In Wednesday's Intraday Session

WIIM

Teledyne Technologies shares are trading lower after the company reported worse-than-expected Q1 financial results, issued Q2 adjusted EPS guidance below estimates and cut FY24 adjusted EPS guidance below estimates.

<h3>Gainers</h3>
<ul>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) stock increased by 19.9% to $1.87 during Wednesday's pre-market session. The company's market cap stands at $55.7 million. </li>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock increased by 17.25% to $0.12. The company's market cap stands at $2.6 million. </li>
<li>AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) shares increased by 16.46% to $15.7. The company's market cap stands at $183.0 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Ribbon Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) shares moved upwards by 13.22% to $2.91. The market value of their outstanding shares is at $502.5 million. As per the press release, Q1 earnings came out today. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) stock rose 7.89% to $1.23. The market value of their outstanding shares is at $32.5 million. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) shares increased by 7.15% to $0.53. The company's market cap stands at $35.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) stock fell 24.5% to $127.42 during Wednesday's pre-market session. The company's market cap stands at $4.6 billion. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock declined by 16.01% to $0.42. The market value of their outstanding shares is at $7.0 million. </li>
<li>Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) stock declined by 7.92% to $104.5. The market value of their outstanding shares is at $14.2 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) stock decreased by 7.79% to $0.32. The market value of their outstanding shares is at $6.5 million. </li>
<li>Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) shares fell 6.99% to $378.62. The market value of their outstanding shares is at $17.9 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares decreased by 6.39% to $215.9. The market value of their outstanding shares is at $13.2 billion. The company's, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AEYE

ARBB

ASTI

BNZI

MRDB

ZPTA

12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Guidance

Teledyne FY24 Outlook: Updated Adj. EPS To $19.25-$19.45 (From $20.35 - $20.68) Vs. $20.56 Est.

Bank of America Securities analyst Ronald Epstein downgraded the rating on Teledyne Technologies (TDY – Research Report) to a Hold today, setting a...

Teledyne Technologies: Hold Rating with a Lowered Price Target Amidst Near-Term Challenges and Long-Term Potential

Teledyne (TDY) has disclosed a new risk, in the Environmental / Social category. Teledyne faces a potential risk regarding director and officer tra...

Teledyne: Investor Concerns Over Absence of Insider Trading Arrangements

Analysts have been eager to weigh in on the Technology sector with new ratings on Amkor (AMKR – Research Report), Chegg (CHGG – Research Report) an...

Analysts Offer Insights on Technology Companies: Amkor (AMKR), Chegg (CHGG) and Teledyne Technologies (TDY)

Jefferies analyst Sheila Kahyaoglu maintained a Buy rating on Teledyne Technologies (TDY – Research Report) today and set a price target of $480.00...

Jefferies Sticks to Its Buy Rating for Teledyne Technologies (TDY)

Goldman's top 50 Weak Balance Sheet stocks

Growing defense spending and a new rival to NATO?

In a report released today, Noah Poponak from Goldman Sachs maintained a Buy rating on Teledyne Technologies (TDY – Research Report). The company's...

Goldman Sachs Keeps Their Buy Rating on Teledyne Technologies (TDY)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
On Wall Street, conventional wisdom often reigns supreme. Investors typically flock to popular stocks, following the herd in hopes of catching the next big wave. But what if the path to potential profits lies in the opposite direction? Welcome to the world of contrarian stock picks, where many market players seek opportunity in the stocks other investors overlook.



In today&rsquo;s market, dominated by tech giants and fueled by artificial intelligence (AI) sentiment, it&rsquo;s easy to overlook companies that don&rsquo;t fit the hype of the moment. Contrarian investing is a strategy that involves going against prevailing market trends or sentiment. This approach can be highly rewarding, especially during times of market volatility, as it may allow investors to buy potentially <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> with significant upside potential.



Extensive research and market data strongly suggest that contrarian investment approaches tend to <a href="https://link.springer.com/article/10.1186/s40854-017-0082-9">yield superior returns</a> compared to overall market performance. Numerous studies have consistently demonstrated that strategies that go against prevailing market sentiment often outpace standard benchmark indices over time. Among notable contrarian investors, Warren Buffett is one of the most important ones. Buffett looks for undervalued assets that have been overlooked or beaten down by the market and capitalizes on market inefficiencies. In this article, we explore three contrarian stock picks that could deliver substantial gains for those willing to bet against the market.



<h2>Epam Systems (EPAM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/epam-1600-300x169.png" alt="The logo for Epam Systems is seen on the side of an office building."><div>Source: Tricky_Shark / Shutterstock.com</div></div>We start our discussion on contrarian stock picks with the digital transformation services and product engineering name Epam Systems (NYSE:<a href="https://investorplace.com/stock-quotes/epam-stock-quote/">EPAM</a>). The company focuses on the IT services industry, providing digital platform engineering and software development services. Additionally, Epam provides infrastructure management, maintenance, support services and consulting services in business, technology and digital design.



For the <a href="https://investors.epam.com/files/doc_financials/2024/q1/EPAM-Reports-Results-for-First-Quarter-2024-and-Updates-Full-Year-Outlook.pdf">first quarter of 2024</a>, Epam reported revenue of $1.165 billion, a year-over-year (YOY) decrease of 3.8% on a reported basis. Adjusted diluted EPS came in at $2.46, down 1 cent from a year ago. &nbsp;The ongoing conflict in Ukraine continues to pose risks, given Epam&rsquo;s <a href="https://www.forbes.com/sites/iainmartin/2022/03/03/ukraine-war-divides-employees-at-american-tech-company-that-straddles-the-front-lines/">historical presence</a> in the region. Although the company has made significant progress in relocating employees and operations, uncertainties remain.



Recently, <a href="https://www.epam.com/about/newsroom/press-releases/2024/epam-acquires-odysseus-to-transform-the-life-sciences-value-chain-with-advanced-analytics-data-methods-and-ai">Epam has acquired Odysseus</a>, which specializes in healthcare data analytics, to bolster its digital transformation capabilities in the life sciences industry. The combined entity will leverage data and AI to streamline research and clinical trials.



EPAM stock is down 37% year-to-date (YTD) and the shares are trading at 16.7 forward earnings and 2.1 <a href="https://www.morningstar.com/stocks/xnys/epam/quote">times sales</a>. Meanwhile, the <a href="https://edition.cnn.com/markets/stocks/epam">12-month median price forecast</a> for Epam Systems stock stands at $211.90, an upside potential of 15% from current prices.



<h2>GitLab (GTLB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/gtlb1600-300x169.png" alt="In this photo illustration the GitLab (GTLB) logo seen displayed on a smartphone screen. Contrarian Stock Picks"><div>Source: rafapress / Shutterstock.com</div></div>Next on our list of contrarian stock picks is a market leader in development and operations (DevOps), GitLab (NASDAQ:<a href="https://investorplace.com/stock-quotes/gtlb-stock-quote/">GTLB</a>). The company offers a comprehensive DevOps platform that helps companies reduce their software development cycle times and improve productivity.



The company reported solid&nbsp;<a href="https://ir.gitlab.com/news-releases/news-release-details/gitlab-reports-first-quarter-fiscal-year-2025-financial-results">first quarter fiscal year 2025 results</a>.&nbsp;Revenue grew 33% YOY to $169 million, driven by robust growth in large customer annual recurring revenue (ARR). Adjusted EPS surpassed analyst estimates with 3 cents, a significant improvement from a loss of 6 cents per share in the previous year.



GitLab has been <a href="https://ir.gitlab.com/static-files/c23e9702-c7ae-49bb-a9a4-cc16ac648d50">expanding its product portfolio</a> to unlock further customer value. In the first quarter, customers with more than $100,000 in ARR grew 35% YOY as the company continued to enhance its partnership with leading cloud providers.



The <a href="https://market.us/report/development-to-operations-devops-market/">global DevOps market</a> is expected to grow at a 19% compounded annual growth rate over the next ten years. In fact, GitLab&rsquo;s management anticipates 27% YOY revenue growth in the second quarter as well.



Since January, GTLB stock is down 26% due to competitive concerns amid a broader SaaS slowdown. Shares are currently <a href="https://ycharts.com/companies/GTLB/ps_ratio">changing hands at 10.9 times</a> trailing sales. Analysts&rsquo; 12-month price targets suggest <a href="https://edition.cnn.com/markets/stocks/gtlb">48% upside potential</a> from current levels.



<h2>Teledyne Technologies (TDY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/teledyne_tdy_1600-300x169.jpg" alt="The logo for Teledyne (TDY) is seen on the side of a building. Contrarian Stock Picks"><div>Source: Michael Vi / Shutterstock.com</div></div>We conclude our discussion of contrarian stock picks with Teledyne Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/tdy-stock-quote/">TDY</a>), a prominent player in the electronic equipment, instruments and components industry. The industrial services giant has established itself as a leader in providing enabling technologies for industrial growth markets across the globe. The company serves a diverse range of applications from marine and environmental monitoring to defense and space technology.



In the first quarter of 2024, Teledyne Technologies <a href="https://www.teledyne.com/en-us/news/Pages/teledyne-technologies-reports-first-quarter-results-20240424.aspx">reported a mixed performance.</a> The company achieved record non-GAAP operating margin, EPS and free cash flow. However, overall sales were impacted by a decline in some short-cycle imaging and instrumentation markets. Specifically, sales in industrial automation and test/measurement markets are forecast to decline significantly in 2024. Despite these challenges, Teledyne expects these declines to be offset by growth in its marine, aviation and defense businesses, resulting in flat full-year sales compared to 2023. The company also anticipates maintaining its overall operating margin at the same level as 2023.



Recently, Teledyne has successfully completed the <a href="https://www.teledyne.com/en-us/news/Pages/teledyne-completes-acquisition-of-adimec.aspx">acquisition of Adimec</a>, which provides high-performance mixed-signal test solutions. This move strengthens Teledyne&rsquo;s presence in the semiconductor test equipment market, a crucial segment for the production of advanced microchips.



Despite various positive developments, TDY stock has lost nearly 11% YTD while the shares are changing hands at 19.7 times forward earnings and 3.3 <a href="https://www.morningstar.com/stocks/xnys/tdy/quote">times sales</a>. Finally, the <a href="https://edition.cnn.com/markets/stocks/tdy">12-month median price forecast</a> is $471.90, suggesting an upside potential of&nbsp; over 21%.



On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
<div>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/contrarian-picks-3-stocks-to-buy-to-bet-against-the-market/">Contrarian Picks: 3 Stocks to Buy to Bet Against the Market</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Contrarian Picks: 3 Stocks to Buy to Bet Against the Market

Goldman's top 50 high Sharpe Ratio stocks

Ocean Power Technologies signs OEM agreement with maritime technology provider Teledyne Marine

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