We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honeywell Unveils Analytics Platform for Aviation Industry
Read MoreHide Full Article
Honeywell International Inc. (HON - Free Report) recently announced the introduction of a data-driven analytics platform — Honeywell Forge for the business aviation industry. Designed as a cost-effective solution to implement, the software solution will offer aviation companies with mission-management competences in several fields including flight operations, connectivity, navigation databases and maintenance.
Honeywell Forge empowers business aviation customers with a user friendly, integrated dashboard that helps in sending instant alerts on issues related to connectivity and flight plan changes. This helps customers to troubleshoot and solve flight related problems on an immediate basis, thus boosting their operational performance.
Notably, the company’s analytics platform will enable its business aviation customers to better understand fleet status, manage flight operations, apart from reducing operational costs and enhancing passenger experience.
Earlier, in June 2019, the company had announced the availability of Honeywell Forge for Buildings. The solution helps in avoiding unplanned downtime and provide advanced predictive information to make building facilities safer and more secure. Also, it reduces operating expenses of business owners and operators, enhance consumption of energy as well as improve space optimization management across a building portfolio.
Our Take
Growing popularity of Honeywell’s JetWave system, supported by solid orders for Honeywell Forge and strength in the company’s commercial aftermarket business are likely to support its Aerospace segment. Also, strong demand for commercial fire and building management products are likely to boost revenues of Building Technologies segment. Further, strength in process solutions business, and robust orders for UOP equipment and HPS projects are likely to keep boosting revenues of its Performance Materials and Technology segment.
However, persistent weakness in the company’s productivity products business and high long-term debt remain causes of concern.
Over the past year, the Zacks Rank #3 (Hold) company's shares have lost 23.5%, compared with industry’s decline of 21.9%.
Graco delivered positive earnings surprise of 0.40%, on average, in the trailing four quarters.
Griffon delivered positive earnings surprise of 20.34%, on average, in the trailing four quarters.
Broadwind Energy delivered positive earnings surprise of 10.42%, on average, in the trailing four quarters.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Honeywell Unveils Analytics Platform for Aviation Industry
Honeywell International Inc. (HON - Free Report) recently announced the introduction of a data-driven analytics platform — Honeywell Forge for the business aviation industry. Designed as a cost-effective solution to implement, the software solution will offer aviation companies with mission-management competences in several fields including flight operations, connectivity, navigation databases and maintenance.
Honeywell Forge empowers business aviation customers with a user friendly, integrated dashboard that helps in sending instant alerts on issues related to connectivity and flight plan changes. This helps customers to troubleshoot and solve flight related problems on an immediate basis, thus boosting their operational performance.
Notably, the company’s analytics platform will enable its business aviation customers to better understand fleet status, manage flight operations, apart from reducing operational costs and enhancing passenger experience.
Earlier, in June 2019, the company had announced the availability of Honeywell Forge for Buildings. The solution helps in avoiding unplanned downtime and provide advanced predictive information to make building facilities safer and more secure. Also, it reduces operating expenses of business owners and operators, enhance consumption of energy as well as improve space optimization management across a building portfolio.
Our Take
Growing popularity of Honeywell’s JetWave system, supported by solid orders for Honeywell Forge and strength in the company’s commercial aftermarket business are likely to support its Aerospace segment. Also, strong demand for commercial fire and building management products are likely to boost revenues of Building Technologies segment. Further, strength in process solutions business, and robust orders for UOP equipment and HPS projects are likely to keep boosting revenues of its Performance Materials and Technology segment.
However, persistent weakness in the company’s productivity products business and high long-term debt remain causes of concern.
Over the past year, the Zacks Rank #3 (Hold) company's shares have lost 23.5%, compared with industry’s decline of 21.9%.
Key Picks
Some better-ranked stocks are Graco Inc. (GGG - Free Report) , Griffon Corporation (GFF - Free Report) and Broadwind Energy, Inc. (BWEN - Free Report) . While Graco sports a Zacks Rank #1 (Strong Buy), Griffon and Broadwind Energy carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Graco delivered positive earnings surprise of 0.40%, on average, in the trailing four quarters.
Griffon delivered positive earnings surprise of 20.34%, on average, in the trailing four quarters.
Broadwind Energy delivered positive earnings surprise of 10.42%, on average, in the trailing four quarters.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>