에 대한 최신 뉴스 Trimble (NASDAQ:TRMB) 주식

Trimble

Trimble Inc provides a technology solutions provider that enables office and mobile professionals to connect their workflows and asset lifecycles to drive a more productive, sustainable future. The company has four reportable segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The company generates the majority of its revenue from the Buildings and Infrastructure segment, which primarily serves customers working in architecture, engineering, construction, design, asset management, operations, and maintenance.

Trimble Inc

TRIMBLE ORD

Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) shares are trading higher on Wednesday. The company extended its joint venture with Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) to enhance the distribution of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41139875/caterpillar-and-trimble-extend-long-standing-joint-venture-to-accelerate-grade-control-innovation-" rel="noreferrer noopener">grade control solutions in construction</a>.
The renewed agreement will broaden industry reach and enhance access to interoperable grade control solutions through a flexible platform for Caterpillar, Trimble, and other technology providers.
This partnership will drive innovation, differentiation, and the development of new offerings while exploring new industry and geographic opportunities.
Rob Painter, president and CEO of Trimble, said, &#8220;Trimble&#8217;s Connect &amp; Scale strategy has created an ecosystem that empowers customers across both the physical and digital worlds. The next phase of our joint venture will drive innovation in grade control technology to expand the industry opportunity with localized and differentiated solutions while improving technology interoperability.&#8221;
&#8220;This partnership underscores a joint commitment to connect the office and the field throughout the design-build-operate lifecycle of construction projects.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40229713/caterpillar-is-holding-the-line-on-earnings-despite-macro-slowdown-analyst-takeaway" rel="noreferrer noopener">Caterpillar Is &#8216;Holding The Line&#8217; On Earnings, Despite Macro Slowdown: Analyst Takeaways From Q2 Results</a>
Tony Fassino, Caterpillar Construction Industries group president, stated, &#8220;Today&#8217;s announcement is a continuation of this collaboration. With a focus on accelerating this leading-edge technology, we are committed to making it easier for customers to acquire and adopt our solutions across Cat and mixed fleets alike.&#8221;
Investors can gain exposure to the stock via&nbsp;Global X Funds Global X Dow 30 Covered Call ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DJIA#NYSE">DJIA</a>) and&nbsp;Global X Funds Global X Dow 30 Covered Call &amp; Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DYLG#NYSE">DYLG</a>).
Price Action: CAT shares are up 0.72% at $395.22 at the last check Wednesday.
Image via Shutterstock
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Caterpillar & Trimble Expand Collaboration, Boost Grade Control Solutions

Caterpillar And Trimble Extend Joint Venture To Accelerate Innovation And Expand Distribution Of Grade Control Solutions In Construction Sector

WIIM

Trimble shares are trading higher after JP Morgan maintained a Neutral rating on the stock and raised its price target from $58 to $66.

JP Morgan analyst Tami Zakaria maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Neutral and raises the price target from $58 to $66.

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JP Morgan Maintains Neutral on Trimble, Raises Price Target to $66

Trimble&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trmb#NASDAQ">TRMB</a>) shares have returned 6.2% year to date (YTD) compared with the Zacks Internet - Software industry&#39;s rise of 12.3% and the broader Zacks Computer &amp; Technology sector&#39;s return of 19.9%.
TRMB&#39;s shares have gained from strong performance in the buildings, infrastructure and transportation segments. The notable increase in Annual Recurring Revenue&nbsp;has been a significant positive factor.
In second-quarter 2024, recurring software services were 75% of revenues. Overall, recurring revenues were 60% of revenues.
TRMB&#39;s continuous efforts to expand its client base and robust portfolio are expected to drive top-line growth in 2024. It raised the mid-point of its full-year guidance by $10 million to $3.63 billion. TRMB&#39;s earnings moved up 4 cents to $2.74 per share.
<div class="chart_embed">
<h3>Trimble Inc. Price and Consensus</h3>
<img alt="Trimble Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/9e/1726495830.png" style="height:285px; width:620px" title="" />
Trimble Inc. price-consensus-chart | Trimble Inc. Quote
Hence, the question that investors should mull over is &mdash; would these strong efforts help TRMB stock in continuing its momentum?
</div>
<h3>TRMB Divests Telematics Segment to Platform Science</h3>
Trimble&#39;s efforts to expand its footprint in the global transportation industry are noteworthy. Recently, TRMB unveiled a partnership with Platform Science to drive innovation in the global transportation sector.
As part of this deal, Platform Science will acquire Trimble&#39;s global transportation telematics business units. The company will become a shareholder in Platform Science&#39;s expanded business.
The collaboration will integrate two advanced commercial vehicle ecosystems, enhancing driver experience, fleet safety, and efficiency.
Trimble&#39;s customers will retain their existing solutions and gain access to Platform Science&#39;s Virtual Vehicle platform, which offers new applications and solutions.
Platform Science customers will also benefit from Trimble&#39;s transportation solutions available through this platform.
<h3>Strong Portfolio Drives TRMB Stock&#39;s Prospects</h3>
Trimble recently introduced its Trimble Reality Capture platform, designed to enhance collaboration and securely share extensive reality capture datasets from 3D laser scanning, mobile mapping and uncrewed aerial vehicle systems. This new service is available as an extension of Trimble Connect.
Connect has now initiated more than 20 million projects since inception and had more than 6 billion API hits on the platform in the first six months of 2024.
Trimble&#39;s Reality Capture platform offers a secure, intuitive web-based solution for handling point clouds and 360-degree imagery. It allows professionals across construction, surveying, infrastructure, utilities, energy, and mining to collaborate more effectively on complex projects, all while maintaining data integrity and accuracy.
TRMB&#39;s new asset lifecycle management software suite, Trimble Unity, allows owners of capital projects and public infrastructure to streamline the planning, design, construction, operation and maintenance of their assets through centralized data and connected digital workflows.
<h3>TRMB&#39;s Zacks Rank &amp; Valuation</h3>
Trimble&#39;s commitment to diversifying its portfolio and growing client base is expected to drive the top line in the near term.
However, weakness in the North American transportation mobility business, along with adverse foreign exchange rates, makes Trimble&#39;s near-term prospects foggy.
The TRMB stock is not so cheap, as the Value Style Score of D suggests a stretched valuation at this moment.
Trimble currently has a Zacks Rank #3 (Hold).
<h3>Key Stocks</h3>
Some better-ranked stocks in the broader technology sector are Audioeye (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aeye#NASDAQ">AEYE</a>), Alps Electric&nbsp;and Aspen Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/azpn#NASDAQ">AZPN</a>), each sporting Zacks Rank #1 (Strong Buy).
Audioeye&#39;s shares have surged 315.1% in the year-to-date period. The long-term earnings growth rate for AEYE is pegged at 25%.
Alps Electric&#39;s shares have gained 28% in the year-to-date period. The long-term earnings growth rate for APELY is pegged at 40.52%.
Aspen Technologies&#39; shares have returned 2.3% in the year-to-date period. The long-term earnings growth rate for AZPN is pegged at 13.12%.
<a href="https://www.zacks.com/stock/news/2336693/trimble-up-6-2-ytd-should-you-buy-hold-or-sell-the-trmb-stock?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2336693">To read this article on Zacks.com click here.</a>

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Trimble Up 6.2% YTD: Should You Buy, Hold or Sell the TRMB Stock?

Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) shares are trading higher Monday after the company announced the launch of Transporeon Visibility in North America, which provides real-time shipment tracking and AI-powered estimated time of arrival for carriers and shippers across road, ocean and air sectors. 
Additionally, Trimble announced the sale of its global telematics business to Platform Science while securing a 32.5% stake in the newly expanded business. Trimble will also gain a seat on Platform Science's board.
TRMB Price Action: Trimble stock was up by 3.73%, trading at $58.60 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="547" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-1024x547.png" alt="" class="wp-image-550330" style="width:521px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-1024x547.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-768x410.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB.png 1399w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image: Shutterstock/ solarseven.

Movers

Trimble Shares Are Trading Higher Today: What You Need To Know

Asset Sales

Trimble On Sunday Announced Agreement For Platform Science To Acquire Its Global Transportation Telematics Business Units; Upon Closing, Trimble Will Have A 32.5% Stake In New Global Platform Science Business

Trimble shares are trading higher after the company announced it launched Transporeon Visibility in North America to offer real-time shipment tracking and AI-powered ETA for carriers and shippers across road, ocean, and air sectors.

Trimble Launches Transporeon Visibility In North America, Offering Real-Time Shipment Tracking And AI-Powered ETA For Carriers And Shippers Across Road, Ocean, And Air Sectors

<ul>
<li>Partnership will Accelerate Global Expansion of Virtual Vehicle</li>
<li>Trimble to Become a Shareholder in Platform Science&#39;s Expanded Business</li>
<li>
Upon the closing of the proposed transaction, Trimble will have a&nbsp;32.5 percent&nbsp;stake in the newly expanded global Platform Science business and will receive a Platform Science board seat. Trimble joins C.R. England, Cummins, Daimler Truck, PACCAR, Prologis, RyderVentures, and Schneider as a key strategic investor in Platform Science along with financial investors 8VC, Activant Capital, BDT &amp; MSD Partners, Softbank, and NewRoad Capital Partners.
Trimble&#39;s global telematics business units are reported within Trimble&#39;s Transportation &amp; Logistics reporting segment. On a trailing twelve-month basis, the businesses generated approximately&nbsp;$300 million&nbsp;of revenue and approximately&nbsp;$30 million&nbsp;of operating profit. Annualized recurring revenue (ARR) for the businesses was approximately&nbsp;$200 million&nbsp;in the&nbsp;second quarter&nbsp;of 2024. The divestiture is expected to be accretive to Trimble&#39;s organic revenue growth rate, organic ARR growth rate, gross margin and operating profit margin.&nbsp;For definitions of ARR and organic ARR, please see below under &quot;Certain Performance Measures&quot;.
</li>
</ul>

Reported Sunday, Trimble Sells Global Telematics Business To Platform Science, Joins As Key Investor In Transportation Tech Expansion

Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) (the "Company") today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on August 16, 2024 (the "Q2 Notice"). The Q2 Notice indicated that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended June 28, 2024 (the "Q2 Form 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing (the "Q2 Form 12b-25") filed with the Securities and Exchange Commission (the "SEC") on August 7, 2024. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC.

Trimble Receives Notification Of Deficiency From Nasdaq Related To Delayed Filing Of Quarterly Report On Form 10-Q

Piper Sandler analyst Clarke Jeffries reiterates Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Overweight and maintains $73 price target.

Reiteration

Piper Sandler Reiterates Overweight on Trimble, Maintains $73 Price Target

Management

Trimble Says Phillip Sawarynski To Formally Assume Role Of CFO On Aug. 19, 2024

Baird analyst Richard Eastman maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Outperform and raises the price target from $65 to $66.

Baird Maintains Outperform on Trimble, Raises Price Target to $66

JP Morgan analyst Tami Zakaria maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Neutral and lowers the price target from $65 to $58.

JP Morgan Maintains Neutral on Trimble, Lowers Price Target to $58

Oppenheimer analyst Kristen Owen reiterates Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Outperform and maintains $72 price target.

Oppenheimer Reiterates Outperform on Trimble, Maintains $72 Price Target

Trimble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) reported a fiscal second-quarter 2024 revenue decline of 12% to $870.8 million, beating the <a href="https://www.benzinga.com/pressreleases/24/08/n40183029/trimble-announces-second-quarter-2024-results" target="_blank" rel="noreferrer noopener">analyst consensus estimate of $862.5 million</a>. Revenue growth was 1% year-over-year (Y/Y) on an organic basis.
The GPS navigation maker&#8217;s adjusted EPS of 62 cents beat the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst consensus estimate of $0.58</a>.
High interest rates and input costs have affected mobility and agriculture businesses, reducing the demand for hardware products and services from companies like Trimble, the Print <a target="_blank" href="https://theprint.in/tech/gps-navigation-maker-trimble-forecasts-downbeat-quarterly-revenue-on-weak-demand/2210835/" rel="noreferrer noopener">reports</a>.
Annualized recurring revenue was $2.11 billion, up 14% Y/Y on an organic basis.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank" rel="noreferrer noopener">other analyst stock ratings</a>.
Product revenue declined 34.7% Y/Y to $320.4 million. Subscription and services grew by 9.4% Y/Y to $550.4 million.&nbsp;
The adjusted gross margin expanded by 230 bps to 66.5%.&nbsp;
Trimble held $944.1 million in cash and equivalents as of the second quarter of 2024.
FY24 Outlook: Trimble expects fiscal 2024 revenue of $3.59 billion–$3.67 billion (prior <a href="https://www.benzinga.com/news/earnings/24/05/38618802/advanced-manufacturing-and-factory-automation-company-trimble-stock-slides-after-q1-print-whats-goi" target="_blank" rel="noreferrer noopener">$3.57 billion–$3.67 billion</a>), below the consensus of $3.63 billion.
It also maintained adjusted EPS of $2.60–$2.81 (prior $2.60–$2.80) against the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Street&nbsp;view of $2.73</a>.
Trimble expects third-quarter revenue of $840 million–$880&nbsp;million (consensus $871.14 million) and adjusted EPS of $0.58–$0.64 (consensus $0.63). The third-quarter guide reflects weak demand for its products and services in a volatile economy.
Trimble stock lost 7% in the last 12 months.
Price Action: TRMB stock traded higher by 3.38% at $51.51 at the last check Tuesday.
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Media

Trimble Q2 Revenue Spikes 14%, But Industry Woes Impact Hardware Sales

Trimble shares are trading higher after the company reported better-than-expected Q2 financial results.

orward-Looking&nbsp;Guidance
For the full-year 2024, Trimble expects to report revenue between&nbsp;$3,590&nbsp;million&nbsp;and&nbsp;$3,670&nbsp;million, GAAP earnings per share of&nbsp;$6.41&nbsp;to&nbsp;$6.54, and non-GAAP earnings per share of&nbsp;$2.67&nbsp;to&nbsp;$2.81. GAAP&nbsp;guidance&nbsp;assumes a tax rate of&nbsp;24.0 percent&nbsp;and non-GAAP&nbsp;guidance&nbsp;assumes a tax rate of&nbsp;17.2 percent. Both GAAP and non-GAAP earnings per share assume approximately 245 million shares outstanding.
For the&nbsp;third quarter&nbsp;of 2024, Trimble expects to report revenue between&nbsp;$840 million&nbsp;and&nbsp;$880&nbsp;million, GAAP earnings per share of&nbsp;$0.28&nbsp;to&nbsp;$0.34, and non-GAAP earnings per share of&nbsp;$0.58&nbsp;to&nbsp;$0.64. GAAP&nbsp;guidance&nbsp;assumes a tax rate of&nbsp;16.2 percent&nbsp;and non-GAAP&nbsp;guidance&nbsp;assumes a tax rate of&nbsp;17.2 percent. Both GAAP and non-GAAP earnings per share assume approximately 245 million shares outstanding.

Trimble Expects Q3 Revenue Of $840M-$880M Vs $871.14M Est, Adj EPS Of $0.58-$0.64 Vs $0.63 Est

Forward-Looking&nbsp;Guidance
For the full-year 2024, Trimble expects to report revenue between&nbsp;$3,590&nbsp;million&nbsp;and&nbsp;$3,670&nbsp;million, GAAP earnings per share of&nbsp;$6.41&nbsp;to&nbsp;$6.54, and non-GAAP earnings per share of&nbsp;$2.67&nbsp;to&nbsp;$2.81. GAAP&nbsp;guidance&nbsp;assumes a tax rate of&nbsp;24.0 percent&nbsp;and non-GAAP&nbsp;guidance&nbsp;assumes a tax rate of&nbsp;17.2 percent. Both GAAP and non-GAAP earnings per share assume approximately 245 million shares outstanding.

Trimble Expects FY24 Revenue Of $3.59B-$3.67B Vs $3.63B Est, Adj EPS Of $2.67-$2.81 Vs $2.73 Est

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Press Releases

Platform Science to Acquire Trimble's Global Transportation Telematics Business Units to Drive the Future of Transportation In-Cab Technology

Trimble Leaders Reveal Range of New Transportation Technology at 2024 Insight Tech Conference

Trimble Unveils Transporeon Visibility with Seamless TMS Integration

Trimble Dimensions User Conference to Showcase Innovative and Connected Technologies for Construction and Geospatial Industries

Alvys Announces Strategic Integration with Trimble's PC*Miler at No Extra Cost to Users

Trimble to Host 2024 Investor Day

Trimble Announces 2024 Tekla Global BIM Awards Winners

Caterpillar and Trimble Extend Long-Standing Joint Venture to Accelerate Grade Control Innovation and Customer Adoption Across the Construction Sector

Trimble Opens Technology Lab at Florida A&M University, Marking New HBCU Collaboration

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