We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
FLIR Systems Unveils Advanced Black Hornet 3 Nano-UAV
Read MoreHide Full Article
FLIR Systems, Inc. launched Black Hornet 3 nano-unmanned aerial vehicle (UAV), targeting global militaries, government agencies and first responders. The next generation Black Hornet 3 nano-UAV is now powered with the ability to navigate in GPS-denied environments, allowing users to maintain awareness and surveillance as well as for threat detection.
The Black Hornet Personal Reconnaissance System (PRS) is already the world’s smallest combat-proven nano-Unmanned Aerial System (UAS), providing small combat units, SWAT teams and first responders with intelligence, target-acquisition and reconnaissance capability. The Black Hornet 3 now offers the lowest size, weight and heightened performance for UAS along with improved speed and distance.
Last week, FLIR Systems secured a $2.6-million order from the U.S. Army’s Soldier Borne Sensor (SBS) program to deliver the Black Hornet in a first batch order. Recently, the company will deliver the Black Hornet 3 for the Royal Australian Army and French Armed Forces.
Existing Business Scenario
FLIR Systems’ core strength in providing reliable and effective imaging as well as threat-detection technologies is expected to drive growth. Additionally, increased adoption of thermal imaging in a broad spectrum of applications, ranging from military to personal hand-held cameras and Smartphones, continues to fuel growth in this market. The company also remains extremely committed toward the introduction of innovative products to expand its customer base and strengthen foothold in new markets.
In the past six months, shares of the company have gained 20.4%, outperforming the industry’s increase of 8.7%.
Furthermore, this Zacks Rank #3 (Hold) company’s government and military business has been faring well over the past few quarters driven by its CDMQ model. Through this model, the company develops technology by investing in research & development and then equips it with military standards for sale to the government. Also, FLIR Systems has been able to combat softness in cyclical spending associated with government markets using this model. Going ahead, the company expects CDMQ model to improve prospects of its business with the government, thereby adding to its strength.
Despite these tailwinds, FLIR Systems’ gross margins are vulnerable to a host of factors, including product mix changes and manufacturing cost absorption. In addition, high manufacturing cost absorption is likely to restrict the company’s growth.
Stocks to Consider
Some better-ranked stocks from the same space are AeroVironment, Inc (AVAV - Free Report) , L3 Technologies Inc and CPI Aerostructures, Inc (CVU - Free Report) . While AeroVironment sports a Zacks Rank #1 (Strong Buy), L3 Technologies and CPI Aerostructures carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AeroVironment surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 147.4%.
L3 Technologies exceeded estimates in the trailing four quarters, with an average positive earnings surprise of 7.4%.
CPI Aerostructures outpaced estimates thrice in the preceding four quarters, with an average earnings surprise of 20.1%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
FLIR Systems Unveils Advanced Black Hornet 3 Nano-UAV
FLIR Systems, Inc. launched Black Hornet 3 nano-unmanned aerial vehicle (UAV), targeting global militaries, government agencies and first responders. The next generation Black Hornet 3 nano-UAV is now powered with the ability to navigate in GPS-denied environments, allowing users to maintain awareness and surveillance as well as for threat detection.
The Black Hornet Personal Reconnaissance System (PRS) is already the world’s smallest combat-proven nano-Unmanned Aerial System (UAS), providing small combat units, SWAT teams and first responders with intelligence, target-acquisition and reconnaissance capability. The Black Hornet 3 now offers the lowest size, weight and heightened performance for UAS along with improved speed and distance.
Last week, FLIR Systems secured a $2.6-million order from the U.S. Army’s Soldier Borne Sensor (SBS) program to deliver the Black Hornet in a first batch order. Recently, the company will deliver the Black Hornet 3 for the Royal Australian Army and French Armed Forces.
Existing Business Scenario
FLIR Systems’ core strength in providing reliable and effective imaging as well as threat-detection technologies is expected to drive growth. Additionally, increased adoption of thermal imaging in a broad spectrum of applications, ranging from military to personal hand-held cameras and Smartphones, continues to fuel growth in this market. The company also remains extremely committed toward the introduction of innovative products to expand its customer base and strengthen foothold in new markets.
In the past six months, shares of the company have gained 20.4%, outperforming the industry’s increase of 8.7%.
Furthermore, this Zacks Rank #3 (Hold) company’s government and military business has been faring well over the past few quarters driven by its CDMQ model. Through this model, the company develops technology by investing in research & development and then equips it with military standards for sale to the government. Also, FLIR Systems has been able to combat softness in cyclical spending associated with government markets using this model. Going ahead, the company expects CDMQ model to improve prospects of its business with the government, thereby adding to its strength.
Despite these tailwinds, FLIR Systems’ gross margins are vulnerable to a host of factors, including product mix changes and manufacturing cost absorption. In addition, high manufacturing cost absorption is likely to restrict the company’s growth.
Stocks to Consider
Some better-ranked stocks from the same space are AeroVironment, Inc (AVAV - Free Report) , L3 Technologies Inc and CPI Aerostructures, Inc (CVU - Free Report) . While AeroVironment sports a Zacks Rank #1 (Strong Buy), L3 Technologies and CPI Aerostructures carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AeroVironment surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 147.4%.
L3 Technologies exceeded estimates in the trailing four quarters, with an average positive earnings surprise of 7.4%.
CPI Aerostructures outpaced estimates thrice in the preceding four quarters, with an average earnings surprise of 20.1%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>