Ultime notizie per Trimble (NASDAQ:TRMB) Azioni

Trimble

Trimble Inc provides a technology solutions provider that enables office and mobile professionals to connect their workflows and asset lifecycles to drive a more productive, sustainable future. The company has four reportable segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The company generates the majority of its revenue from the Buildings and Infrastructure segment, which primarily serves customers working in architecture, engineering, construction, design, asset management, operations, and maintenance.

Trimble Inc

Trimble will provide fleet management and telematics solutions to vehicles across PFG's three business segments including Performance Foodservice Core-Mark and Vistar.&nbsp;
All PFG vehicles will be equipped with Trimble Instinct, Trimble's in-cab ecosystem that seamlessly connects drivers and back-office staff to boost safety, compliance and efficiency.
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News

Contracts

PFGC

TRMB

Performance Food Group Selects Trimble As Its Premier Fleet Management Provider; Migrates 100% Of Its Fleet Management Business To Trimble Instinct, Doubling Trimble-Serviced Trucks To Over 8,000

Trading Ideas

13F Shows JANA Partners Increased Stake In Trimble From 4,177,544 Shares To 4,880,944 Shares

General

Trimble Received Delisting Determination From Nasdaq

Baird analyst Richard Eastman maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Outperform and raises the price target from $66 to $82.

Price Target

Analyst Ratings

Baird Maintains Outperform on Trimble, Raises Price Target to $82

JP Morgan analyst Tami Zakaria maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Neutral and raises the price target from $66 to $74.

JP Morgan Maintains Neutral on Trimble, Raises Price Target to $74

New donation provides quickly deployable and reliable access to survey-grade precision for hundreds of field workers to work safer and faster while clearing land of extremely dangerous remnants of war
WESTMINSTER, Colo., Nov. 7, 2024 /PRNewswire/ -- Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) has announced its expanded support for <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4295653-1&amp;h=3279854248&amp;u=https%3A%2F%2Fwww.halotrust.org%2F&amp;a=The+HALO+Trust">The HALO Trust</a>, the world's largest humanitarian landmine-clearance non-profit organization. Trimble is donating an additional 175 <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4295653-1&amp;h=3373807559&amp;u=https%3A%2F%2Fgeospatial.trimble.com%2Fen%2Fproducts%2Fsoftware%2Ftrimble-catalyst&amp;a=Trimble%C2%AE+Catalyst%E2%84%A2+GNSS+systems">Trimble&#xAE; Catalyst&#x2122; GNSS systems</a>, including Trimble DA2 GNSS receivers, to help The HALO Trust further its demining operations across the world. Building on the impact of the ongoing collaboration, Trimble's latest donation will support the expansion and productivity of The HALO Trust's mine clearance teams. The Catalyst GNSS system provides The HALO Trust with a solution for deploying precise mapping capabilities to large field teams across broad geographic areas. More field teams can now be equipped with the necessary tools to safely and efficiently clear landmines, thereby accelerating the pace of landmine clearance globally.

Trimble Expands Collaboration With The HALO Trust To Enhance Landmine Clearance Efforts Worldwide

Trimble Unveils Siteworks Machine Guidance Module For Compact Track Loaders

Piper Sandler analyst Clarke Jeffries maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Overweight and raises the price target from $73 to $84.

Piper Sandler Maintains Overweight on Trimble, Raises Price Target to $84

Trimble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) reported a fiscal third-quarter 2024 revenue decline of 9% to $875.8 million, beating the <a href="https://www.benzinga.com/pressreleases/24/11/n41769555/trimble-announces-third-quarter-2024-results" target="_blank" rel="noreferrer noopener">analyst consensus estimate of $864.5 million</a>. 
Revenue growth was 3% year-over-year (Y/Y) on an organic basis.
The GPS navigation maker&#8217;s adjusted EPS of 70 cents beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of 62 cents</a>. The stock price climbed after the print.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/11/41771047/exclusive-janovers-q3-revenue-rises-6-ceo-eyes-boost-in-recurring-sales-and-larger-loans" target="_blank" rel="noreferrer noopener">EXCLUSIVE &#8211; Janover&#8217;s Q3 Revenue Rises 6%, CEO Eyes Boost in Recurring Sales and Larger Loans</a>
<ul>
<li>Annualized recurring revenue was $2.19 billion, up 13% Y/Y on an organic basis.</li>
<li>Product revenue declined 30.7% year-over-year, to $307.6 million. </li>
<li>Subscription and services grew by 10.7% Y/Y to $568.2 million. </li>
<li>The adjusted gross margin expanded by 350 bps to 68.5%.&nbsp;</li>
<li>Trimble held $1.04 billion in cash and equivalents as of&nbsp;the third quarter&nbsp;2024.</li>
</ul>
Trimble CEO Rob Painter, highlighted the team&#8217;s strong quarterly performance. The team exceeded both revenue and earnings targets and achieved a record $2.19 billion in ARR and a 68.5% gross margin. He noted continued advancements in the Connect &amp; Scale strategy, emphasizing that the recent Mobility divestiture will help streamline and sharpen Trimble&#8217;s focus.
FY24 Outlook:&nbsp;Trimble&nbsp;expects fiscal 2024 revenue of $3.625 billion–$3.665 billion (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40196501/trimble-q2-revenue-spikes-14-but-industry-woes-impact-hardware-sales" rel="noreferrer noopener">prior $3.59 billion–$3.67 billion</a>), below the consensus of $3.63 billion.
It also projected adjusted EPS of $2.79–$2.87 (prior $2.60–$2.81) against the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Street&nbsp;view of $2.75</a>.
Trimble expects fourth-quarter revenue of $925 million–$965&nbsp;million (consensus $942.79 million) and adjusted EPS of $0.83–$0.91 (consensus $0.88).
Price Action:&nbsp;TRMB stock is up 9.54% at $67.50 premarket at&nbsp;the last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/11/41726213/applied-materials-and-lam-research-shift-supply-chains-away-from-china-to-meet-new-us-guidelines" target="_blank" rel="noreferrer noopener">Applied Materials and Lam Research Shift Supply Chains Away from China to Meet New US Guidelines</a></li>
</ul>

Earnings

Guidance

Trimble Beats Q3 Expectations, Boasts Record Revenue As CEO Outlines Focused Growth Strategy

The S&amp;P 500 and Dow Jones Industrial Average surged to record levels on Wednesday after Donald Trump was elected as <a href="https://www.benzinga.com/topic/donald-trump">the 47th U.S. president.</a>
In Congress, Republicans clinched a majority in the Senate, while the House race remains close. As of Wednesday morning&#8217;s tabulations, Republicans held 198 seats versus 180 for Democrats.
The S&amp;P 500 index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), climbed 2% to 5,900 points, while the Dow soared over 3% to 43,500 points. The blue-chip index, monitored through the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), marked its biggest single-day gain since November 2022.
The financials and industrials sectors were the top performers, up 5.2% and 3%, respectively.
The tech-heavy Nasdaq 100 witnessed smaller gains, up 1.8%, while small-cap stocks skyrocketed, with the Russell 2000 index spiking over 5%. 
The CBOE Volatility Index (VIX), often called the &#8220;fear gauge,&#8221; plummeted 22%, indicating waning investor concerns amid post-election optimism.
Investors are responding positively to the prospect of more lenient tax policies under the upcoming Trump administration, though inflation risks and potential shifts in Federal Reserve policy highlighted by economists seem to be largely overlooked by the market for now.
<h3 class="wp-block-heading">Economic Implications Of A Trump Presidency, Goldman Sachs Weighs In</h3>
&#8220;If Republicans secure a narrow House majority, this would likely enable a full extension of the 2017 tax cuts, set to expire in 2025, potentially with some reinstated business investment incentives,&#8221; wrote Jan Hatzius, Goldman Sachs&#8217; chief economist.
A Republican-controlled Congress may also drive increased federal spending, particularly on defense, Goldman Sachs indicated.
"We would expect Trump to impose additional tariffs averaging 20% on imports from China," Hatzius added, highlighting that this policy could provide a &#8220;one-time boost to core PCE inflation&#8221; and &#8220;a modest drag on GDP.&#8221;
Goldman Sachs projects that the incoming Trump administration would likely pursue a more relaxed approach to regulation, especially in energy, financial services, and labor. 
However, while antitrust oversight may soften somewhat, scrutiny of the tech sector is expected to persist.
<h3 class="wp-block-heading">Top-Performing S&amp;P 500 Sectors After Trump Secures Election Victory</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>ETF</th>
<th>1-day Change (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Financials</td>
<td>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>5.15%</td>
</tr>
<tr>
<td>Industrials</td>
<td>Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>2.99%</td>
</tr>
<tr>
<td>Energy</td>
<td>Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>2.68%</td>
</tr>
<tr>
<td>Consumer Discretionary</td>
<td>Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>2.60%</td>
</tr>
<tr>
<td>Technology</td>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>2.22%</td>
</tr>
<tr>
<td>Materials</td>
<td>Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>1.66%</td>
</tr>
<tr>
<td>Communications</td>
<td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>1.54%</td>
</tr>
<tr>
<td>Health Care</td>
<td>Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>1.08%</td>
</tr>
<tr>
<td>Consumer Staples</td>
<td>Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>-0.42%</td>
</tr>
<tr>
<td>Utilities</td>
<td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>-1.23%</td>
</tr>
<tr>
<td>Real Estate</td>
<td>Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-1.29%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9.45 a.m. ET</figcaption></figure>
<h3 class="wp-block-heading">Top Gainers, Losers Within The S&amp;P 500 Following Trump&#8217;s Win</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>)</td>
<td>187.37</td>
<td>23.39%</td>
</tr>
<tr>
<td>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>193.69</td>
<td>16.64%</td>
</tr>
<tr>
<td>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>)</td>
<td>65.93</td>
<td>16.03%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>288.40</td>
<td>14.70%</td>
</tr>
<tr>
<td>Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>)</td>
<td>164.96</td>
<td>14.07%</td>
</tr>
<tr>
<td>Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>)</td>
<td>69.97</td>
<td>13.55%</td>
</tr>
<tr>
<td>Charles River Laboratories International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>)</td>
<td>214.16</td>
<td>13.51%</td>
</tr>
<tr>
<td>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)</td>
<td>62.76</td>
<td>13.40%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>72.43</td>
<td>13.05%</td>
</tr>
<tr>
<td>Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>)</td>
<td>149.73</td>
<td>10.38%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9.45 a.m. ET</figcaption></figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>21.01</td>
<td>-24.15%</td>
</tr>
<tr>
<td>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>)</td>
<td>74.05</td>
<td>-17.67%</td>
</tr>
<tr>
<td>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td>
<td>181.42</td>
<td>-15.97%</td>
</tr>
<tr>
<td>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>)</td>
<td>161.70</td>
<td>-6.68%</td>
</tr>
<tr>
<td>The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</td>
<td>14.50</td>
<td>-6.51%</td>
</tr>
<tr>
<td>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>)</td>
<td>166.31</td>
<td>-6.19%</td>
</tr>
<tr>
<td>Universal Health Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)</td>
<td>199.41</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>)</td>
<td>87.26</td>
<td>-6.01%</td>
</tr>
<tr>
<td>American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>)</td>
<td>201.33</td>
<td>-5.86%</td>
</tr>
<tr>
<td>Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>)</td>
<td>63.15</td>
<td>-5.42%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9.45 a.m. ET</figcaption></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy">Trump&#8217;s Historic Return: 7 Ways His Second Term Could Impact The US Economy</a></li>
</ul>
Photo: Shutterstock

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XLRE

Select Sector SPDR-Consumer Discretionary

S&P 500, Dow Hit Record Highs After Trump Win; Fear Index Drops 20%

WIIM

Trimble shares are trading higher following better-than-expected Q3 financial results.

Trimble Sees FY2024 Revenue $3.63B-$3.67B vs $3.63B Est., Adj. EPS $2.79-$2.87 vs $2.75 Est.; Sees Q4 Revenue $925M-$965M vs $942.79M Est., Adj. EPS $0.83-$0.91 vs $0.88 Est.

Trimble Q3 2024 Adj. EPS $0.70 Beats $0.62 Estimate, Sales $875.8M vs $864.507M Estimate

Strategic partnership will enable machines equipped with John Deere SmartGrade&#x2122; greater access to Trimble technology ecosystem
WESTMINSTER,&nbsp;Colo., Oct. 22, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283330-1&amp;h=964107479&amp;u=https%3A%2F%2Fwww.trimble.com%2Fen&amp;a=Trimble">Trimble</a>&#xAE;&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) announced today a new strategic relationship with <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283330-1&amp;h=1451755304&amp;u=https%3A%2F%2Fwww.deere.com%2Fen%2Findex.html&amp;a=John+Deere">John Deere</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) that will accelerate the innovation and adoption of grade control technology for the construction industry. The availability of the Trimble Earthworks Grade Control technology integrated with the John Deere SmartGrade&#x2122; platform will make it easier for John Deere customers around the world to leverage the full benefits of machine control for increased productivity, efficiency and better decision making.

John Deere, Trimble Partner To Deliver Advanced Technology Solutions To More Construction Customers Worldwide; Enables Machines Equipped With John Deere SmartGrade Greater Access To Trimble Technology Ecosystem

Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) shares are trading higher on Wednesday. The company extended its joint venture with Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) to enhance the distribution of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41139875/caterpillar-and-trimble-extend-long-standing-joint-venture-to-accelerate-grade-control-innovation-" rel="noreferrer noopener">grade control solutions in construction</a>.
The renewed agreement will broaden industry reach and enhance access to interoperable grade control solutions through a flexible platform for Caterpillar, Trimble, and other technology providers.
This partnership will drive innovation, differentiation, and the development of new offerings while exploring new industry and geographic opportunities.
Rob Painter, president and CEO of Trimble, said, &#8220;Trimble&#8217;s Connect &amp; Scale strategy has created an ecosystem that empowers customers across both the physical and digital worlds. The next phase of our joint venture will drive innovation in grade control technology to expand the industry opportunity with localized and differentiated solutions while improving technology interoperability.&#8221;
&#8220;This partnership underscores a joint commitment to connect the office and the field throughout the design-build-operate lifecycle of construction projects.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40229713/caterpillar-is-holding-the-line-on-earnings-despite-macro-slowdown-analyst-takeaway" rel="noreferrer noopener">Caterpillar Is &#8216;Holding The Line&#8217; On Earnings, Despite Macro Slowdown: Analyst Takeaways From Q2 Results</a>
Tony Fassino, Caterpillar Construction Industries group president, stated, &#8220;Today&#8217;s announcement is a continuation of this collaboration. With a focus on accelerating this leading-edge technology, we are committed to making it easier for customers to acquire and adopt our solutions across Cat and mixed fleets alike.&#8221;
Investors can gain exposure to the stock via&nbsp;Global X Funds Global X Dow 30 Covered Call ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DJIA#NYSE">DJIA</a>) and&nbsp;Global X Funds Global X Dow 30 Covered Call &amp; Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DYLG#NYSE">DYLG</a>).
Price Action: CAT shares are up 0.72% at $395.22 at the last check Wednesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41043945/bhp-tests-caterpillars-new-energy-saving-technology-details" target="_blank" rel="noreferrer noopener">BHP Tests Caterpillar&#8217;s New Energy-Saving Technology: Details</a></li>
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DJIA

DYLG

Caterpillar & Trimble Expand Collaboration, Boost Grade Control Solutions

Caterpillar And Trimble Extend Joint Venture To Accelerate Innovation And Expand Distribution Of Grade Control Solutions In Construction Sector

Trimble shares are trading higher after JP Morgan maintained a Neutral rating on the stock and raised its price target from $58 to $66.

JP Morgan analyst Tami Zakaria maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Neutral and raises the price target from $58 to $66.

JP Morgan Maintains Neutral on Trimble, Raises Price Target to $66

Trimble&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trmb#NASDAQ">TRMB</a>) shares have returned 6.2% year to date (YTD) compared with the Zacks Internet - Software industry&#39;s rise of 12.3% and the broader Zacks Computer &amp; Technology sector&#39;s return of 19.9%.
TRMB&#39;s shares have gained from strong performance in the buildings, infrastructure and transportation segments. The notable increase in Annual Recurring Revenue&nbsp;has been a significant positive factor.
In second-quarter 2024, recurring software services were 75% of revenues. Overall, recurring revenues were 60% of revenues.
TRMB&#39;s continuous efforts to expand its client base and robust portfolio are expected to drive top-line growth in 2024. It raised the mid-point of its full-year guidance by $10 million to $3.63 billion. TRMB&#39;s earnings moved up 4 cents to $2.74 per share.
<div class="chart_embed">
<h3>Trimble Inc. Price and Consensus</h3>
<img alt="Trimble Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/9e/1726495830.png" style="height:285px; width:620px" title="" />
Trimble Inc. price-consensus-chart | Trimble Inc. Quote
Hence, the question that investors should mull over is &mdash; would these strong efforts help TRMB stock in continuing its momentum?
</div>
<h3>TRMB Divests Telematics Segment to Platform Science</h3>
Trimble&#39;s efforts to expand its footprint in the global transportation industry are noteworthy. Recently, TRMB unveiled a partnership with Platform Science to drive innovation in the global transportation sector.
As part of this deal, Platform Science will acquire Trimble&#39;s global transportation telematics business units. The company will become a shareholder in Platform Science&#39;s expanded business.
The collaboration will integrate two advanced commercial vehicle ecosystems, enhancing driver experience, fleet safety, and efficiency.
Trimble&#39;s customers will retain their existing solutions and gain access to Platform Science&#39;s Virtual Vehicle platform, which offers new applications and solutions.
Platform Science customers will also benefit from Trimble&#39;s transportation solutions available through this platform.
<h3>Strong Portfolio Drives TRMB Stock&#39;s Prospects</h3>
Trimble recently introduced its Trimble Reality Capture platform, designed to enhance collaboration and securely share extensive reality capture datasets from 3D laser scanning, mobile mapping and uncrewed aerial vehicle systems. This new service is available as an extension of Trimble Connect.
Connect has now initiated more than 20 million projects since inception and had more than 6 billion API hits on the platform in the first six months of 2024.
Trimble&#39;s Reality Capture platform offers a secure, intuitive web-based solution for handling point clouds and 360-degree imagery. It allows professionals across construction, surveying, infrastructure, utilities, energy, and mining to collaborate more effectively on complex projects, all while maintaining data integrity and accuracy.
TRMB&#39;s new asset lifecycle management software suite, Trimble Unity, allows owners of capital projects and public infrastructure to streamline the planning, design, construction, operation and maintenance of their assets through centralized data and connected digital workflows.
<h3>TRMB&#39;s Zacks Rank &amp; Valuation</h3>
Trimble&#39;s commitment to diversifying its portfolio and growing client base is expected to drive the top line in the near term.
However, weakness in the North American transportation mobility business, along with adverse foreign exchange rates, makes Trimble&#39;s near-term prospects foggy.
The TRMB stock is not so cheap, as the Value Style Score of D suggests a stretched valuation at this moment.
Trimble currently has a Zacks Rank #3 (Hold).
<h3>Key Stocks</h3>
Some better-ranked stocks in the broader technology sector are Audioeye (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aeye#NASDAQ">AEYE</a>), Alps Electric&nbsp;and Aspen Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/azpn#NASDAQ">AZPN</a>), each sporting Zacks Rank #1 (Strong Buy).
Audioeye&#39;s shares have surged 315.1% in the year-to-date period. The long-term earnings growth rate for AEYE is pegged at 25%.
Alps Electric&#39;s shares have gained 28% in the year-to-date period. The long-term earnings growth rate for APELY is pegged at 40.52%.
Aspen Technologies&#39; shares have returned 2.3% in the year-to-date period. The long-term earnings growth rate for AZPN is pegged at 13.12%.
<a href="https://www.zacks.com/stock/news/2336693/trimble-up-6-2-ytd-should-you-buy-hold-or-sell-the-trmb-stock?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2336693">To read this article on Zacks.com click here.</a>

Small Cap

Markets

AEYE

AZPN

Trimble Up 6.2% YTD: Should You Buy, Hold or Sell the TRMB Stock?

Trimble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) shares are trading higher Monday after the company announced the launch of Transporeon Visibility in North America, which provides real-time shipment tracking and AI-powered estimated time of arrival for carriers and shippers across road, ocean and air sectors. 
Additionally, Trimble announced the sale of its global telematics business to Platform Science while securing a 32.5% stake in the newly expanded business. Trimble will also gain a seat on Platform Science's board.
TRMB Price Action: Trimble stock was up by 3.73%, trading at $58.60 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="547" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-1024x547.png" alt="" class="wp-image-550330" style="width:521px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-1024x547.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB-768x410.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16140848/TRMB.png 1399w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/news/legal/24/09/40881529/rupert-murdochs-family-court-battle-over-fox-control-mirrors-succession-drama">Rupert Murdoch&#8217;s Family Court Battle Over Fox Control Mirrors &#8216;Succession&#8217; Drama</a></li>
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Image: Shutterstock/ solarseven.

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