OSI Systems (OSIS - Free Report) has been recently awarded a $35-million order under its Optoelectronics and Manufacturing division. The company has kept the name of the customer under wraps. Per the multi-year order, the company will be providing electronic assemblies for use in patient care applications.
OSI's Optoelectronics and Manufacturing division designs, develops and manufactures original equipment manufacturer ("OEM") and customs solutions for use in a broad range of applications, which include aerospace and defense electronics, security and inspection systems, medical imaging and diagnostics systems, telecommunications, office automation, computer peripherals, industrial automation systems, automotive diagnostic systems, gaming systems and consumer products. The division, being one of the largest photodiode manufacturers in the world, has its manufacturing facilities in the United States, U.K., Mexico, India, Malaysia and Indonesia.
The latest order is the division’s largest order so far. In January, OSI’s Optoelectronics division was awarded a $5 million order by a leading X-ray imaging OEM for the supply of electronic components. Prior to that, in October 2021, OSI received a $6 million order to provide electronic sub-assemblies to a wireless communication technology OEM.
OSI's Optoelectronics and Manufacturing division is a critical supplier of key components for its Security and Healthcare divisions as well. In December, 2021, the company’s Security division received a $29 million contract from an international customer to provide cargo and vehicle inspection systems, baggage and parcel inspection systems, related training and maintenance services. In November, its Healthcare division took a $5 million order to provide patient monitoring solutions to a Northwestern U.S.-based hospital.
In October, the Healthcare division had received a similar order from a Southern U.S.-based hospital valued at $4 million. OSI Systems intends to improve supply chain coordination and responses to customer requirements through such vertical integrations.
In the second quarter of fiscal 2022, OSI reported revenues of $91.5 million under Optoelectronics and Manufacturing division (including intersegment revenues), which represented 33.1% of total revenues. For fiscal 2021, the division’s revenues were $349.9 million, accounting for 30.1% of total revenues.
Zacks Rank & Key Picks
OSI currently carries a Zacks Rank #3 (Hold). Shares of OSIS have declined 12.5% in the past year.
Some better-ranked stocks from the broader computer and technology sector are Advanced Micro Devices (AMD - Free Report) and Axcelis Technologies (ACLS - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Analog Devices (ADI - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AMD’s first-quarter fiscal 2022 earnings has been revised upward by 23 cents to 91 cents per share over the past 60 days. For fiscal 2022, AMD’s earnings estimates have moved south by a penny to $3.99 per share in the past 30 days.
AMD’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 17%. Shares of AMD have gained 44.4% in the past year.
The Zacks Consensus Estimate for Axcelis’ first-quarter 2022 earnings has been revised by 5 cents upward to 92 cents per share over the past 60 days. For 2022, Axcelis’ earnings estimates have moved north by 12.4% to $3.99 per share in the past 60 days.
Axcelis’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 30.3%. Shares of ACLS have soared 101.1% in the past year.
The Zacks Consensus Estimate for Analog Devices’ second-quarter fiscal 2022 earnings has been revised upward by 23 cents to $2.08 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 79 cents to $8.32 per share in the past 60 days.
Analog Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have increased 6.3% in the past year.
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OSI Systems (OSIS - Free Report) has been recently awarded a $35-million order under its Optoelectronics and Manufacturing division. The company has kept the name of the customer under wraps. Per the multi-year order, the company will be providing electronic assemblies for use in patient care applications.
OSI's Optoelectronics and Manufacturing division designs, develops and manufactures original equipment manufacturer ("OEM") and customs solutions for use in a broad range of applications, which include aerospace and defense electronics, security and inspection systems, medical imaging and diagnostics systems, telecommunications, office automation, computer peripherals, industrial automation systems, automotive diagnostic systems, gaming systems and consumer products. The division, being one of the largest photodiode manufacturers in the world, has its manufacturing facilities in the United States, U.K., Mexico, India, Malaysia and Indonesia.
The latest order is the division’s largest order so far. In January, OSI’s Optoelectronics division was awarded a $5 million order by a leading X-ray imaging OEM for the supply of electronic components. Prior to that, in October 2021, OSI received a $6 million order to provide electronic sub-assemblies to a wireless communication technology OEM.
OSI's Optoelectronics and Manufacturing division is a critical supplier of key components for its Security and Healthcare divisions as well. In December, 2021, the company’s Security division received a $29 million contract from an international customer to provide cargo and vehicle inspection systems, baggage and parcel inspection systems, related training and maintenance services. In November, its Healthcare division took a $5 million order to provide patient monitoring solutions to a Northwestern U.S.-based hospital.
In October, the Healthcare division had received a similar order from a Southern U.S.-based hospital valued at $4 million. OSI Systems intends to improve supply chain coordination and responses to customer requirements through such vertical integrations.
In the second quarter of fiscal 2022, OSI reported revenues of $91.5 million under Optoelectronics and Manufacturing division (including intersegment revenues), which represented 33.1% of total revenues. For fiscal 2021, the division’s revenues were $349.9 million, accounting for 30.1% of total revenues.
Zacks Rank & Key Picks
OSI currently carries a Zacks Rank #3 (Hold). Shares of OSIS have declined 12.5% in the past year.
Some better-ranked stocks from the broader computer and technology sector are Advanced Micro Devices (AMD - Free Report) and Axcelis Technologies (ACLS - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Analog Devices (ADI - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AMD’s first-quarter fiscal 2022 earnings has been revised upward by 23 cents to 91 cents per share over the past 60 days. For fiscal 2022, AMD’s earnings estimates have moved south by a penny to $3.99 per share in the past 30 days.
AMD’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 17%. Shares of AMD have gained 44.4% in the past year.
The Zacks Consensus Estimate for Axcelis’ first-quarter 2022 earnings has been revised by 5 cents upward to 92 cents per share over the past 60 days. For 2022, Axcelis’ earnings estimates have moved north by 12.4% to $3.99 per share in the past 60 days.
Axcelis’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 30.3%. Shares of ACLS have soared 101.1% in the past year.
The Zacks Consensus Estimate for Analog Devices’ second-quarter fiscal 2022 earnings has been revised upward by 23 cents to $2.08 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 79 cents to $8.32 per share in the past 60 days.
Analog Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have increased 6.3% in the past year.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
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