Agilent Technologies Inc (A - Free Report) recently introduced M9099 Waveform Creator, a modular software application that supports both analog and digital formats for the Agilent M9381A PXIe Vector Signal Generator. M9099 finds special usage in satellite communications, academic research, testing of defense equipments and so on.
Signal generators are electronic devices that generate repeating or non-repeating signals in either analog or digital domains. These signals are in the form of waves. The signals are then introduced into a device and tested. They are also known as function generators, arbitrary waveform generators, and function generators.
M9099 is the latest addition to Agilent’s modular products family. It supports different waveforms. M9099 provides a simple and easy environment that enhances productivity and reduces time to deployment through improved connectivity.
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 its 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.
Agilent currently has a Zacks Rank #3 (Hold). Other technology companies that look attractive at this time are Micron Tech (MU - Free Report) and SanDisk Corp with a Zacks Rank #1 (Strong Buy) and National Instruments Corp (NATI - Free Report) with a Zacks Rank #2 (Buy).