3M Company (MMM - Free Report) recently launched active optical QSFP+ pluggable transceiver, which provides designers and managers of structured cabling networks with a low-power and affordably-priced interconnect solution.
The InfiniBand Trade Association (IBTA)-certified QSFP+ transceivers from 3M’s Electronic Solutions Division (ESD) stable offer energy-efficient, affordable interconnect alternatives for structured cabling networks. ESD is a provider of advanced electronic thin substrates and sensors, components and systems for enhancing and managing electronic signal properties.
These pluggable transceivers are in compliance with industry standards and deliver speed and flexibility for product platforms that support pluggable transceiver technology. QSFP+ transceivers are shipped with port plugs to protect the transceiver’s optics and reduce errors that occur due to dust contamination.
3M remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for such innovative 3M product services is likely to augment its overall revenues.
3M, together with its subsidiaries, operates as a diversified technology company with manufacturing operations spread over 70 countries. It has more than 35 business units organized into six segments: Consumer and Office, Display and Graphics, Electro and Communications, Healthcare, Industrial and Transportation, and Safety, Security and Protection Services. In the last reported quarter, 3M reported net sales of $7.8 billion, improving from $7.5 billion in the year-ago quarter.
3M currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now are Hutchison Whampoa Ltd , having a Zacks Rank #1 (Strong Buy), Federal Signal Corp. (FSS - Free Report) and ITT Corp. (ITT - Free Report) , both having a Zacks Rank #2 (Buy).