The success of Pitney Bowes Inc.’s (PBI - Analyst Report) printing and finishing system, AcceleJet, was demonstrated by one of its first users — Mele Printing. The firm also exhibited the advantages of AcceleJet’s seamless integration with the Pitney Bowes production mail inserting solutions.
Mele Printing is a leading mailing, commercial printing and fulfillment company, handling over three million mail pieces monthly for clients across multiple industries. Thus, it needed a solution that could offer enhanced capabilities, boost operational efficiency and also reduce costs.
The AcceleJet system has a compact size, low noise, operation simplicity and delivers impressive print quality, thus meeting all of Mele Printing’s requirements. The system provides 100% variable data color inkjet at a cost similar to many monochrome options available in the market.
Moreover, the output is further optimized when the AcceleJet system is integrated with Pitney Bowes inserting systems, improving the speed and accuracy for each print job.
Pitney Bowes also released an upgrade to AcceleJet in June, which is available in the market now. The upgraded version can deliver 33% faster print speeds
The company is constantly striving to develop future enhancements to the AcceleJet printing and finishing system, and is attempting to add features like MICR (Magnetic Ink Character Recognition) capability. The firm also plans to integrate its Clarity Solutions Suite with its production printer portfolio, which includes AcceleJet. Pitney Bowes is targeting to make these innovations commercial next year.
PITNEY BOWES IN Price and Consensus
Despite robust market traction and significant products in the pipeline, incremental marketing expenses related to new advertising campaign are posing a major challenge for the company. Also, deteriorating market conditions in the technology industry have been affecting its software business materially. Currency headwinds also remain a major threat for this Zacks Rank #4 (Sell) company’s financial performance in the coming quarters.
Stocks to Consider
Some better-ranked stocks in the broader computer & technology sector include Adobe Systems Incorporated (ADBE - Analyst Report) , Aspen Technology, Inc. (AZPN - Snapshot Report) and Callidus Software Inc. (CALD - Snapshot Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Adobe Systems is a leading player in the computer software space. The company has a striking earnings surprise history over the trailing four quarters, having beaten estimates all through, for an average beat of 5.6%.
Aspen Technology deals in process optimization software and services. It boasts a remarkable average surprise of 24.3% in the trailing four quarters, beating estimates comfortably in each of them.
Callidus Software is a provider of Enterprise Incentive Management software, with a modest earnings history. It has beaten estimates twice in the trailing four quarters, however managed to garner an average surprise of 14.8%.
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