There Is Clear Momentum For Trimble Inc. (TRMB) Stock

Trimble Inc. (NASDAQ: TRMB) manufactures automation tools for industrial and agricultural equipment. The company recently released a strong report for the second quarter of 2021. TRMB exceeded expectations and also launched its own venture capital fund for innovation.

Trimble Inc. (TRMB) had record revenues of $945 million (+ 29% year-over-year) in the past quarter. Recurring revenues increased by 11% while operating cash flow increased by 42% to $797.6 million. The company earned $0.55 per diluted share.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

Growth in key segments helped the company to achieve its best performance in history. Firstly, these are construction, agricultural, cartography, and infrastructure management equipment and services. Specifically, revenue from the transportation segment increased by 9% to $163.3 million. Remember that Trimble Inc. (TRMB) is a technology supplier for logistics companies, transport brokers, and fleet owners. In this market, the normal flow of transportation is restored after the COVID-19 crisis impacted it.

TRMB is pursuing an approach that makes it easy for people to connect and scales up gradually until 2025. By implementing this ecosystem engagement strategy, the company hopes to expand its audience as well as encourage existing customers to purchase additional products.

Trimble Inc. (TRMB) expects revenues of $3.55 – $3.65 billion and a GAAP profit of $1.53 – $1.71 per share by the end of 2021. TRMB traded at $88.60 on August 17.

TRMB shares have climbed by 74.31 percent in the last year, but have been down by -0.44 percent in the last week. The stock went up 17.41% in the last three months but has fallen 22.24 percent in the last six months. Additionally, the company’s current market capitalization is $22.22 billion, with 251.50 million outstanding shares.

Most Popular