Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Raven Industries Inc. (RAVN - Analyst Report) has collaborated with Google Inc. to provide high-speed wireless Internet accessibility in rural, remote and under-served areas of the world by utilizing high-tech balloons.

Raven Aerostar, a division of Raven, has been working for several months with Google in a pilot project called Project Loon. The companies will share their technologies in the project, which is still in its early stage.

Search engine giant Google will use the 60 feet tall high-tech balloons designed by Raven as well as its flight control system. The system along with the software developed by Google will direct the path of the balloons. These high altitude balloons carried by the wind will be able to move in the right direction providing high-speed Internet access.

Over the years, Internet has gradually become a necessity. However, a fast and easily accessible Internet connection is still out of reach in the developing nations and rural areas. With the help of this high altitude balloon engineering, people can get improved Internet access.

This improved technology has the potential to change millions of lives through improved medical care, access to knowledge and enriched agriculture. However, the Aerostar segment will continue to face government uncertainty and sluggish demand. This innovation is in line with its attempt to offset government uncertainty by enhancing proprietary technology revenues, including the sale of advanced radar systems, high-altitude research balloons and aerostats in international markets.

In an attempt to obtain benefits of internet connectivity, Raven has also launched a new website recently. Ravenprecision.com, the website designed by Raven Industries Applied Technology Division, will allow its customers to access information from anywhere. The visitors will also get user-friendly experience connecting through Facebook (FB - Analyst Report), allowing better rendering of content on a mobile device and eliminates the need for multiple versions of the company site.

South Dakota-based Raven, is an industrial manufacturer providing a variety of products for the agricultural, industrial, construction and aerospace markets. Raven operates through four business segments, Engineered Films, Electronic Systems, Applied Technology and Aerostar.

Raven currently retains a short-term Zacks Rank #5 (Strong Sell). Compass Diversified Holdings (CODI - Snapshot Report) also belongs to the same industry where Raven operates and holds a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%