Research Reports Coverage on Scientific & Technical Instruments Stocks -- Fitbit, Trimble, Cognex, and Fortive

Friday, May 26, 2017 Research News
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NEW YORK, May 26, 2017 /PRNewswire/ -- has initiated coverage on these four Scientific and Technical

Instruments industry stocks: Fitbit Inc. (NYSE: FIT), Trimble Inc. (NASDAQ: TRMB), Cognex Corp. (NASDAQ: CGNX), and Fortive Corp. (NYSE: FTV). Companies within this space design, develop, manufacture, and market scientific and technical instruments that
range from GPS-enabled products, to computerized machine tools, and to military range instrumentation systems. These stocks research reports can be downloaded now by simply registering for free at:


San Francisco, California headquartered Fitbit Inc.'s stock finished Thursday's session 1.82% lower at $5.39 with a total trading volume of 4.96 million shares. The Company's shares are trading below their 50-day moving average by 6.00%. Shares of the Company, which designs and sells connected health and fitness tracking devices, have a Relative Strength Index (RSI) of 40.29.

On May 03rd, 2017, Fitbit announced Q1 2017 results. Revenue was $299 million, GAAP net loss per share was ($0.27), non-GAAP net loss per share was ($0.15), GAAP net loss was ($60.1) million, and adjusted EBITDA loss was ($52.3) million for Q1 2017. Gross margin was 39.6% for the quarter; non-GAAP gross margin was 40.0%; GAAP operating expenses were $210 million; and non-GAAP operating expenses were $182 million. Your complete research report on FIT can be retrieved for free at:


Shares in Sunnyvale, California headquartered Trimble Inc. climbed 0.28%, ending yesterday's session at $35.79 with a total trading volume of 476,843 shares. The stock has gained 10.67% in the past month, 13.98% in the previous three months, and 18.71% on an YTD basis. The Company's shares are trading 8.35% above their 50-day moving average and 19.19% above their 200-day moving average. Moreover, shares of Trimble, which provides technology solutions to enhance the work processes of office and mobile field professionals worldwide, have an RSI of 62.36.

On April 28th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $33 a share to $37 a share.

On May 24th, 2017, Trimble announced that it has signed an agreement to acquire privately held Müller-Elektronik, a German company specializing in implement control and precision farming solutions. The transaction is expected to close in Q3 2017, subject to customary closing conditions and clearance or expiration of the waiting period under the German Act Against Restraints of Competition. Financial terms were not disclosed. A free report on TRMB is just a click away at:


On Thursday, Natick, Massachusetts headquartered Cognex Corp.'s stock rose 0.61%, to close the day at $92.99. A total volume of 524,934 shares was traded. The Company's shares have advanced 9.93% in the last one month, 19.49% in the previous three months, and 46.16% on an YTD basis. The stock is trading 9.09% and 40.25% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Cognex, which provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide, have an RSI of 65.92.

On May 16th, 2017, Cognex announced that John J. Curran, Senior Vice President and CFO, will discuss the Company's performance and future prospects at the Baird 2017 Global Consumer, Technology & Services Conference on June 06th, 2017, at 10:15 a.m. ET, at the InterContinental New York Barclay in New York. Mr. Curran will also discuss the same at the Deutsche Bank 8th Annual Global Industrials & Materials Summit on June 07th, 2017, at 10:20 a.m. ET, at the Westin Chicago River North in Chicago. Sign up for your complimentary research report on CGNX at:


Shares in Everett, Washington-based Fortive Corp. ended the day 0.89% higher at $63.64. A total volume of 1.04 million shares was traded. The stock has gained 2.23% in the last one month, 10.12% in the previous three months, and 18.66% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 4.30% and 14.92%, respectively. Furthermore, shares of Fortive, which owns and operates industrial units that manufacture testing and measurement equipment, have an RSI of 66.38.

On April 27th, 2017, Fortive announced results for Q1 2017. Net earnings were $199.7 million and diluted net earnings per share were $0.57 for the quarter. GAAP revenues for Q1 2017 increased 4.1% year-over-year to $1.5 billion, with core revenue growth of 4.9%.

On May 02nd, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. Register for free on and download the latest research report on FTV at:


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