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Trimble Inc. (TRMB) provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide.
It operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation.
The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software. The Geospatial segment provides surveying and geospatial products, and geographic information systems.
The Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions. It offers manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; Farmer Core, a software subscription that enables farmers to connect their farm operation; and forestry solutions for forest management and timber processing. The Transportation segment offers solutions for long haul trucking, field service management, rail, and construction logistics industries.
On November 4th, Trimble Navigation reported 3rd Quarter September 2020 earnings of $0.58 per share on revenue of $792.1 million. The consensus earnings estimate was $0.42 per share on revenue of $719.7 million. Revenue grew 1.0% on a year-over-year basis. Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $56.00
Stop Loss: $53.20
Trading Range: $20.01 to $58.25
Target: $61.60
TRMB closed at $61.85
