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Agilent Technologies Inc has recently announced that its Advanced Design System (ADS) has been selected by Kamstrup A/S to develop smart metering systems. Kamstrup happens to be a leading provider of metering solutions for electricity, heat, water and natural gas.

Advanced Design System is the world’s leading electronic design automation software for radio frequency, microwave and high speed digital applications. Its statistics-based manufacturing yield analysis and optimization help designers to develop high quality radio frequency circuit designs.

Kamstrup will use ADS to develop radio frequency circuits for smart metering systems. Using ADS, Kamstrup will be able to reduce the time to market of its products, keeping costs to the minimum at the same time.

Agilent is mainly involved in the manufacturing of measuring instruments. Its Life Science segment offers liquid chromatography systems, columns, tools and components. The Chemical Analysis segment, on the other hand, offers gas chromatography systems, tools and components. Agilent recently entered into an agreement with ABC Instrumentacion Analytica to acquire the latter’s assets. This acquisition is expected to be complete by October.

Agilent’s revenues in the third quarter were down 4.6% sequentially and 4.1% year over year to $1.65 billion. The lion’s share of revenues came from the Asia/Pacific region, which contributed 39%, followed by the Americas with 35% share and Europe, which accounted for the balance.

Though all three regions declined from the last quarter, the decline was greatest in the Americas (down 5.6%), followed by the Asia/Pacific (down 4.9%) and Europe (down 2.8%). The Americas dropped 14.3% year over year, Asia/Pacific remained flattish while Europe was up 6%. However, earnings per share of 68 cents beat the Zacks Consensus Estimate by 6 cents or 9.6%, helped by solid cost management.

Currently, Agilent has a Zacks Rank #3 (Hold). Other stocks that look attractive this season are Cognex Corp , Microchip Technology Inc and Texas Instruments , all with a Zacks Rank # 2 (Buy).

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