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National Instruments Corporation (NATI) designs, manufactures, and sells systems to engineers and scientists worldwide.
It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
The company also provides software products, such as NI TestStand to test and measure applications in a manufacturing environment; NI VeriStand software to configure real-time testing applications; NI DIAdem, which provides technical data management, analysis, and report generation tools; NI InsightCM Enterprise for monitoring critical and ancillary rotating equipment; NI Multisim circuit design software; and NI SystemLink, a systems management software.
In addition, it offers hardware products and related driver software, such as data acquisition, PXI chassis and controllers, modular instruments, image acquisition, motion control, distributed I/O, industrial communications interfaces, general purpose interface bus interfaces, embedded control hardware/software, and VME extension for instrumentation controllers.
Further, the company provides NI semiconductor test systems; NI education platform comprising software, hardware, and courseware for students; software and hardware products for teaching; hardware and software maintenance services; and training and certification services.
It serves advanced research, automotive, automated test equipment, consumer electronics, commercial aerospace, computers and electronics, continuous process manufacturing, education, government/defense, medical research/pharmaceutical, power/energy, semiconductors, and telecommunications industries.
Shares have formed a bullish "flag" following the company's latest quarterly report. Adjusted earnings surged 53% to $60 million, or $0.45 per share, which beat the consensus estimate by $0.17 per share. National Instruments reported $346.1 million in revenue, which was up 8% year over year and beat analysts' expectations by $3.5 million. Higher share prices are expected for this stock.
Entry Point: $48.90
Stop Loss: $46.40
Trading Range: $38.78 - $53.57
Target Price: $53.79
NATI closed at $46.13
