Trimble (TRMB - Free Report) recently collaborated with MODERN to increase transparency between customers and dealers by integrating automated text communications through Trimble PULSE solutions.
Moreover, the integrated solution is expected to meet growing demands of equipment dealers and bolster the company’s Fields solution segment. The solution is easy to implement and requires no change in existing technician, making it feasible.
We believe Trimble is poised to benefit from the partnership given MODERN’s robust communication system along with its own solid field service solution.
Coming to price performance, shares of Trimble have declined 25% on a year-to-date basis compared with the industry’s decline of 18%.
What’s in Store for Customers?
Trimble’s partnership with MODERN is expected to benefit both companies.
The integration is aimed at keeping customers informed about the work order status automatically. Moreover, it helps in efficient utilization of time by eliminating the need to manually send texts to customers and reducing equipment dealers’ workload.
Notably, per reports, 78% customers prefer text messages for updates, with the average open rate for text messages being 98%. These messages are read within five seconds of being delivered.
With hundreds of people working in the construction and agriculture industries, giving customers real-time progress of their orders gets difficult. This integration will help industries to notify customers about the order, while the dealer continues to work on customer equipment.
Customers get notification when the product is dispatched along with live tracking solutions and estimated time of arrival of their equipment. They are also asked for feedback during service delivery. Such facilities are expected to increase customer satisfaction and reduce work order adjustments by 50%.
Strengthening Product Portfolio
Trimble’s strengthening product portfolio is the key growth driver for the company. Moreover, its enhanced and new products help it to acquire clients.
Recently, Trimble acquired Veltec, a fleet management provider, expanding its fleet safety and efficiency solutions portfolio. The buyout has enhanced its transportation solutions offerings and global footprint. Notably, acquisitions have aided the company in building a comprehensive portfolio, enter new markets and generate additional revenues.
Moreover, the company recently unveiled REF TEK Colt broadband seismometer, which will aid scientists and academics to get in-depth knowledge about tectonic plates and earthquakes by studying seismic activities.
The company’s well-diversified product portfolio is expected to aid its performance and serve customers better.
Trimble Inc. Price and Consensus
Zacks Rank & Other Stocks to Consider
Currently, Trimble carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader computer and technology sector include Generac Holdings Inc. (GNRC - Free Report) , SS&C Technologies Holdings, Inc. (SSNC - Free Report) and Symantec Corporation . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
Expected long-term earnings growth rate for Generac, SS&C and Symantec is 6.5%, 13.5% and 7.9%, respectively.
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