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Garmin (GRMN) Boosts Aviation Offerings With New GSB 15 Models
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Garmin (GRMN - Free Report) has unveiled the latest models of its GSB 15 in a bid to strengthen its footprint in the aviation industry.
Notably, GSB 15 is a powerful USB charger, whose new models are comprised of two USB ports supporting up to 27W of power output per port.
With the latest enhancement, GSB 15 comes with two options —dual USB Type-C ports, and a combination of USB Type-A and USB Type-C ports.
Further, the new modelsenable pilots and passengers to get their mobile devices charged while using them.
Furthermore, these models provide new dimmable halo lighting around each port and new USB Power Delivery technology.
In addition to these, pilots will get the option of transferring databases to the GI 275 electronic flight instrument, using a USB flash drive.
Growing Aviation Segment
We note that the latest move has expanded the offerings of the company’s aviation business, which, in turn, is expected to drive top-line growth of the business.
Apart from this, the company’s family of autonomous safety solutions— Garmin Autonomi, which comprises Emergency Descent Mode, Electronic Stability and Protection (ESP), and Autoland, has emerged as a key catalyst of its aviation business.
Additionally, strengthening flight display and deck offerings by Garmin remain noteworthy.
Further, the company’s aviation business remains robust with its solutions remaining popular across both OEM and aftermarket customers.
Garmin’s latest move not only strengthens its aviation segment but also fortifies its overall product portfolio, which remains crucial for its growth trajectory.
Moreover, being the worldwide provider of navigation, communications and information devices, the company has been making efforts to increase its share in all the markets served by it, backed by new products and upgrades to the existing ones.
Notably, portfolio strength remains its key growth driver on the back of its business-diversification strategy.
Apart from the latest move, the company has recently acquired the assets of GEOS Worldwide and its subsidiaries in a bid to strengthen its capabilities in SOS technology. GEOS is well-known for providing emergency monitoring and incident response services.
Further, the launch of the RV 1090 GPS navigator, which comes with a 10-inch high-resolution, edge-to-edge touchscreen display in both portrait and landscape mode, remains positive.
Garmin strives to gain strong momentum among travelers as the new navigator is comprised of all the core RV-related navigation features.
We believe that expanding the product portfolio will continue to drive Garmin’s customer momentum and aid its competitive prowess across operating markets.
Zacks Rank & Stocks to Consider
Currently, Garmin carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Agilent Technologies (A - Free Report) , Microchip Technology (MCHP - Free Report) and Analog Devices (ADI - Free Report) . While Agilent currently sports a Zacks Rank #1 (Strong Buy), Microchip and Analog Devices carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rates for Agilent, Microchip and Analog Devices are currently pegged at 9%, 15.47% and 12.35%, respectively.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Image: Bigstock
Garmin (GRMN) Boosts Aviation Offerings With New GSB 15 Models
Garmin (GRMN - Free Report) has unveiled the latest models of its GSB 15 in a bid to strengthen its footprint in the aviation industry.
Notably, GSB 15 is a powerful USB charger, whose new models are comprised of two USB ports supporting up to 27W of power output per port.
With the latest enhancement, GSB 15 comes with two options —dual USB Type-C ports, and a combination of USB Type-A and USB Type-C ports.
Further, the new modelsenable pilots and passengers to get their mobile devices charged while using them.
Furthermore, these models provide new dimmable halo lighting around each port and new USB Power Delivery technology.
In addition to these, pilots will get the option of transferring databases to the GI 275 electronic flight instrument, using a USB flash drive.
Growing Aviation Segment
We note that the latest move has expanded the offerings of the company’s aviation business, which, in turn, is expected to drive top-line growth of the business.
Apart from this, the company’s family of autonomous safety solutions— Garmin Autonomi, which comprises Emergency Descent Mode, Electronic Stability and Protection (ESP), and Autoland, has emerged as a key catalyst of its aviation business.
Additionally, strengthening flight display and deck offerings by Garmin remain noteworthy.
Further, the company’s aviation business remains robust with its solutions remaining popular across both OEM and aftermarket customers.
Garmin Ltd. Price and Consensus
Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote
Portfolio Strength: A Key Growth Driver
Garmin’s latest move not only strengthens its aviation segment but also fortifies its overall product portfolio, which remains crucial for its growth trajectory.
Moreover, being the worldwide provider of navigation, communications and information devices, the company has been making efforts to increase its share in all the markets served by it, backed by new products and upgrades to the existing ones.
Notably, portfolio strength remains its key growth driver on the back of its business-diversification strategy.
Apart from the latest move, the company has recently acquired the assets of GEOS Worldwide and its subsidiaries in a bid to strengthen its capabilities in SOS technology. GEOS is well-known for providing emergency monitoring and incident response services.
Further, the launch of the RV 1090 GPS navigator, which comes with a 10-inch high-resolution, edge-to-edge touchscreen display in both portrait and landscape mode, remains positive.
Garmin strives to gain strong momentum among travelers as the new navigator is comprised of all the core RV-related navigation features.
We believe that expanding the product portfolio will continue to drive Garmin’s customer momentum and aid its competitive prowess across operating markets.
Zacks Rank & Stocks to Consider
Currently, Garmin carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Agilent Technologies (A - Free Report) , Microchip Technology (MCHP - Free Report) and Analog Devices (ADI - Free Report) . While Agilent currently sports a Zacks Rank #1 (Strong Buy), Microchip and Analog Devices carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rates for Agilent, Microchip and Analog Devices are currently pegged at 9%, 15.47% and 12.35%, respectively.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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