Headquartered in Westminster, CO Fiscal year ends December NASDAQ: TRMB trimble.com
Trimble Inc. is a technology company that connects the physical and digital worlds through precise positioning, modeling and data analytics. It serves construction, geospatial and transportation industries, helping customers build and maintain infrastructure, design and construct buildings, optimize supply chains and map the world. It reports three segments. AECO provides architecture, engineering, construction and operations software. Field Systems covers positioning hardware and related solutions for geospatial, civil construction and other field applications. Transportation & Logistics (T&L) provides fleet and supply chain technology. Revenue comes from product sales and from subscription and services, with subscription and services the larger share. The company is shifting toward a subscription model, tracked through annualized recurring revenue of $2.56 billion. It pursues its Connect & Scale strategy to build a Trimble-led ecosystem, actively repurchases shares and makes acquisitions. Updated
A four-quarter streak of consensus EPS beats ended, with adjusted earnings missing expectations even as revenue edged ahead. Annualized recurring revenue reached $2.56 billion, up 11%, as the subscription pivot carries the growth.
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Monday's top analyst upgrades and downgrades included AbbVie, Adobe, Advance Auto Parts, Anheuser-Busch InBev, Bumble, Fortinet, Nike and Palo Alto Networks.
Friday's top analyst upgrades and downgrades included Advanced Micro Devices, Bilibili, Cognizant Technologies, Dynatrace, Equinix, Herbalife Nutrition, Match, Nutrien, Robinhood Markets, Roku and Zillow.
Monday's top analyst upgrades and downgrades included Adobe, Carvana, Goldman Sachs, Hudson Pacific Properties, Moderna, Take-Two Interactive Software and T-Mobile.
Friday's top analyst upgrades and downgrades included Chipotle Mexican Grill, CrowdStrike, First Solar, Fortinet, Franklin Resources, GSK, Intel, Nvidia, Shoals Technologies, Spirit AeroSystems, Starbucks, Wendy’s and Williams Companies.
Tuesday’s top analyst upgrades and downgrades included Alphabet, Amazon.com, Americold Realty Trust, Azek, Ball, Corteva, DraftKings, Dun & Bradstreet, Global Blood Therapeutics, Lululemon Athletica, Rhythm Pharmaceuticals and Western Digital.
Monday's additional analyst calls were on AbbVie, Array Technologies, Dow, DTE Energy, Gap, Pfizer, Ralph Lauren, Trimble and more.
Tuesday's top analyst upgrades and downgrades included Altria, American International Group, Datadog, DraftKings, Emerson Electric, Marriott International, NortonLifeLock, Opendoor Technologies, Realty Income, Roblox and Under Armour.
One of Cathie Wood's Ark Invest funds bought over 220,000 shares of Trimble on June 26.
One of Cathie Wood's Ark Invest funds bought over 760,000 shares of Trimble on April 6.
The top analyst upgrades, downgrades and initiations on Wednesday included Acacia Communications, Baidu, BioMarin Pharmaceuticals, Boeing, BP, CSX, Deere, HCA, PepsiCo, Redfin, S&P Global, Trimble, Visa and Zillow.
The top analyst upgrades, downgrades and initiations seen on Thursday included Bed Bath & Beyond, Boeing, Constellation Brands, Dell Technologies, Dollar General, Lockheed Martin, National Oilwell Varco, Snap, Twitter and Yelp.
The top analyst upgrades, downgrades and other research calls from Wednesday include Alkermes, Cigna, International Paper, Medtronic, Tesla and Western Digital.
The top analyst upgrades, downgrades and other research calls from Wednesday include AK Steel, Apple, Biogen, Electronic Arts, FitBit, Foot Locker, McDonald's and Pfizer.
Trimble Inc. is a technology company that connects the physical and digital worlds through precise positioning, modeling and data analytics.
24/7 Wall St.'s 12-month price target for TRMB is $83.19, rated Buy. The Wall Street consensus target is $79.09. TRMB price prediction →
