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Trimble Partners With Neurable, Brings BCI to AEC Customers

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Trimble (TRMB - Free Report) recently collaborated with Neurable, in a bid to bolster transportation, architecture, engineering and construction (AEC) industries.

This collaboration is aimed at enhancing productivity and user safety by bringing brain-computer interface (“BCI”) technology for application in real world. Moreover, the companies will leverage neurotechnology to provide users with hands-free and voice-free interaction experiences.

By combining bio signals from brain with eye tracking technology, the company will enable users to effectively interact and communicate information. Further, it will not only look after the well-being of the driver but also the high-risk front-line workers in the AEC industry.

We believe Trimble is poised to benefit from the partnership considering Neurable’s robust innovations in neuroscience coupled with its own Mixed-Reality Program.

Coming to price performance, shares of Trimble have fallen 27.9% over a period of one year, compared with the industry’s decline of 18.2%.

BCI Market Growth Prospects

The BCI technology creates a pathway between a wired brain and an external device such as computers or (IoT) devices.

Per reports, the global market for BCI technology is expected to witness a compounded annual growth rate of 22.8% between 2018 and 2023, driven by an increasing demand for sensor technology globally.

Notably, the BCI technology finds its application in healthcare by enabling movement in a physically challenged individual. Moreover, it is also being utilized by gaming enterprises to give the users an enhanced augmented reality (“AR”) experience.

Consequently, the collaboration benefits both the companies on the back of growing demand in this domain.

Trimble Inc. Price and Consensus


Trimble Inc. Price and Consensus | Trimble Inc. Quote

Strengthening Product Portfolio

Trimble’s strengthening product portfolio is a key catalyst. Moreover, its enhanced and new products help the company in acquiring clients.

Recently, Trimble acquired Veltec, a fleet management provider, expanding its fleet safety and efficiency solutions portfolio. The buyout has enhanced transportation solutions offerings and its global footprint. Notably, acquisitions have aided the company in building a comprehensive portfolio, penetrate new markets and generate additional revenues.

Moreover, the company collaborated with Intelligent Audit to integrate its visibility and tracking solutions with Intelligent Audit’s robust freight audit and spend analytics tools in order to strengthen its supply chain solutions portfolio. This collaboration is expected to bolster Trimble’s presence in the transportation and logistics industry, which is a positive.

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 performance and serve customers better.

Zacks Rank & Stocks to Consider

Currently, Trimble carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader computer and technology sector include Qualcomm (QCOM - Free Report) , Alteryx (AYX - Free Report) and Veeva Systems (VEEV - Free Report) . 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 Qualcomm, Alteryx and Veeva is 10.9%, 8% and 19.5%, respectively.

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