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.
Allegion to Reinforce Technology Platform With ISONAS Buyout
Read MoreHide Full Article
Allegion plc (ALLE - Free Report) has settled to acquire ISONAS Security Systems Inc. (ISONAS) for an undisclosed amount. The deal is currently subject to customary closing conditions and will likely be concluded by early third-quarter 2018. Acquisition of this Boulder, CO-based company will reinforce Allegion’s existing technology portfolio, as well as align well with its channel initiatives.
ISONAS owns premium edge-computing technology that produces non-imitable access control solutions for the non-residential end-markets. Additionally, ISONAS intelligent devices, such as integrated reader-controller, use power other than ethernet. This feature simplifies the installation process of the controllers and makes them cost effective at times of customer infrastructure utilization.
ISONAS has a wide customer base, and a strong network of certified committed distributors and integrators. The company generated $6 million revenues in 2017.
Allegion’s presence in the global electronics market as well as its existing channel relationships will likely improve with the ISONAS buyout. Post acquisition, ISONAS will operate as one of Allegion’s Americas businesses.
Allegion currently carries a Zacks Rank #4 (Sell). Over the past month, shares of the company have lost 2.6%, wider than 1.5% loss recorded by the industry.
In the past 60 days, the company’s Zacks Consensus Estimate in 2018 remained unchanged, but moved 0.2% south for 2019. Turbulence in the supply chain has been deferring projects in the construction industry, in turn, dampening revenues of companies like Allegion. Moreover, workforce shortage remains another key cause of concern.
Stocks to Consider
Some better-ranked stocks in same space are listed below:
Johnson Controls International plc (JCI - Free Report) also carries a Zacks Rank of 2. The company delivered an average positive earnings surprise of 1.95%, in the preceding four quarters.
Digimarc Corporation (DMRC - Free Report) , another Zacks #2 Ranked company, came up with an average positive earnings surprise of 13.26%, during the same time frame.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Allegion to Reinforce Technology Platform With ISONAS Buyout
Allegion plc (ALLE - Free Report) has settled to acquire ISONAS Security Systems Inc. (ISONAS) for an undisclosed amount. The deal is currently subject to customary closing conditions and will likely be concluded by early third-quarter 2018. Acquisition of this Boulder, CO-based company will reinforce Allegion’s existing technology portfolio, as well as align well with its channel initiatives.
ISONAS owns premium edge-computing technology that produces non-imitable access control solutions for the non-residential end-markets. Additionally, ISONAS intelligent devices, such as integrated reader-controller, use power other than ethernet. This feature simplifies the installation process of the controllers and makes them cost effective at times of customer infrastructure utilization.
ISONAS has a wide customer base, and a strong network of certified committed distributors and integrators. The company generated $6 million revenues in 2017.
Allegion’s presence in the global electronics market as well as its existing channel relationships will likely improve with the ISONAS buyout. Post acquisition, ISONAS will operate as one of Allegion’s Americas businesses.
Allegion currently carries a Zacks Rank #4 (Sell). Over the past month, shares of the company have lost 2.6%, wider than 1.5% loss recorded by the industry.
In the past 60 days, the company’s Zacks Consensus Estimate in 2018 remained unchanged, but moved 0.2% south for 2019. Turbulence in the supply chain has been deferring projects in the construction industry, in turn, dampening revenues of companies like Allegion. Moreover, workforce shortage remains another key cause of concern.
Stocks to Consider
Some better-ranked stocks in same space are listed below:
ForeScout Technologies, Inc. carries a Zacks Rank #2 (Buy). The company pulled off an average positive earnings surprise of 27.20% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Johnson Controls International plc (JCI - Free Report) also carries a Zacks Rank of 2. The company delivered an average positive earnings surprise of 1.95%, in the preceding four quarters.
Digimarc Corporation (DMRC - Free Report) , another Zacks #2 Ranked company, came up with an average positive earnings surprise of 13.26%, during the same time frame.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>