Trimble Navigation LimitedNASDAQ
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  • Mon, Aug. 29, 3:41 AM
    • New rules by the FAA go into effect today, clarifying what is acceptable commercial usage of small unmanned aerial vehicles.
    • Drones must weigh less than 55 pounds, fly up to a maximum of 400 feet in altitude, at a speed of no more than 100 miles per hour and can only be operated during the day.
    • According to industry estimates, the rules could generate more than $82B for the U.S. economy and create more than 100K new jobs over the next decade.
    | Mon, Aug. 29, 3:41 AM | 42 Comments
  • Tue, Aug. 2, 4:52 PM
    • Trimble Navigation (NASDAQ:TRMB): Q2 EPS of $0.29 misses by $0.01.
    • Revenue of $609.6M (+4.1% Y/Y) misses by $2.19M.
    • Press Release
    | Tue, Aug. 2, 4:52 PM
  • Sat, Jul. 23, 1:08 PM
    • 7-Eleven and drone delivery service upstart Flirtey announce that they have completed the first fully autonomous drone delivery to a customer's residence. The pair says the development will help advance research toward integrating drones into the National Airspace System.
    • The drone delivery in the Reno area, which marked the first time a U.S. customer has received a package to their home via drone, included Slurpee drinks, a chicken sandwich, donuts, hot coffee, and candy.
    • Looking ahead, the two companies have plans to expand drone delivery tests and work closely together, according to a top 7-Eleven exec.
    • Drone watch: While there's some speculation on the ways that companies such as Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Walgreens Boots Alliance (NASDAQ:WBA), and Domino's Pizza (NYSE:DPZ) could use drone delivery, many industry watchers think emergency conditions (flood/forest fire/earthquake/medical) or niche situations (oil rigs/barrier islands/inaccessible roads) are the most likely scenarios for widespread drone action. Earlier this year, an article in the MIT Technology Review speculated that an intermediary dropping off point out such as the local Starbucks (NASDAQ:SBUX) store could be utilized instead of working out all the problems of home delivery.
    • Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, TGT.
    | Sat, Jul. 23, 1:08 PM | 113 Comments
  • Tue, Jun. 21, 12:47 PM
    • The Department of Transportation and the Federal Aviation Administration have issued final rules covering the use of drones in the U.S. Key points are that drones must weigh less than 55 pounds and remain within a pilot's line of sight. A maximum groundspeed of 100 mph is allowed and pilots are instructed not to fly under a covered structure. Other snippets are listed below.
    • "Under the final rule, the person actually flying a drone must be at least 16 years old and have a remote pilot certificate with a small UAS rating, or be directly supervised by someone with such a certificate."
    • "The TSA will conduct a security background check of all remote pilot applications prior to issuance of a certificate."
    • "The FAA also will educate all commercial drone pilots on privacy during their pilot certification process; and will issue new guidance to local and state governments on drone privacy issues."
    • Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, AMZN.
    | Tue, Jun. 21, 12:47 PM | 48 Comments
  • Mon, Jun. 20, 3:25 AM
    • The FAA could unveil its first rules permitting commercial drones as early as this week, but the move is likely to spark broader demands for loosening restrictions on unmanned aircraft.
    • In recent days, agency officials have said the announcement - allowing drones weighing roughly 50 pounds to fly at low altitudes only in daylight and within sight of operators - is imminent.
    | Mon, Jun. 20, 3:25 AM | 6 Comments
  • Thu, Apr. 28, 4:50 PM
    • Trimble Navigation (NASDAQ:TRMB): Q1 EPS of $0.25 misses by $0.03.
    • Revenue of $583.0M (+0.1% Y/Y) beats by $2.58M.
    | Thu, Apr. 28, 4:50 PM
  • Wed, Apr. 27, 5:35 PM
  • Thu, Apr. 21, 3:11 AM
    • The Federal Aviation Administration has issued the first approval for flights of small commercial drones at night, in the latest sign of how quickly U.S. regulators are moving to authorize expanded uses of unmanned aircraft.
    • The clearance comes weeks before the FAA is expected to issue long-awaited rules for widespread commercial operations of small drones.
    • So far, such unmanned vehicles have been conducting commercial flights based on thousands of individual exemptions previously permitted by the agency.
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Thu, Apr. 21, 3:11 AM | 8 Comments
  • Fri, Feb. 26, 10:16 AM
    • Three months after upgrading Trimble (TRMB +1.8%) to Buy, Goldman has added the positioning/navigation hardware provider to its Conviction Buy list, and set a $29 target.
    • Goldman's call comes two weeks after Trimble soared in the wake of a Q4 beat and in-line guidance. Needham upgraded at that time.
    | Fri, Feb. 26, 10:16 AM
  • Thu, Feb. 25, 4:35 AM
    • The U.S. government wants to create a new category of "micro" drones that are built with materials that won’t harm people in a crash, opening the door for more widespread uses in crowded places and sensitive locations.
    • "The department continues to be bullish on new technology," Transportation Secretary Anthony Foxx said in the release.
    • The FAA is also finishing a set of regulations for other drones that weigh less than 55 pounds. The new micro category won't have a weight limit, so long as the devices can't hurt people.
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Thu, Feb. 25, 4:35 AM | 15 Comments
  • Tue, Feb. 23, 2:56 AM
    • So far 368,472 drones have been filed with the FAA, after a Feb. 19 deadline for registration passed, exceeding the number of airplanes that are on record with the federal government.
    • The FAA is imposing a $5 fee for registrations, over the objections of drone advocates, but the agency provided refunds people who filed within the first 30 days of the new requirement.
    • What's the penalty for failing to register? The FAA may assess civil penalties of up to $27,500, and criminal sanctions including fines of up to $250K and/or imprisonment for up to three years.
    • Previously: FAA's drone registry goes live (Dec. 21 2015)
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Tue, Feb. 23, 2:56 AM | 35 Comments
  • Wed, Feb. 10, 9:48 AM
    • Trimble (NASDAQ:TRMB) has surged above $22 after beating Q4 estimates and issuing Q1 guidance that was better than feared in light of energy industry and macro pressures - revenue of $565M-$595M and EPS of $0.25-$0.30 vs. a consensus of $574.5M and $0.29.
    • Q4 top-line performance: Engineering & Construction revenue -3% Y/Y to $319.1M. Field Solutions (agriculture) -2% to $79.4M. Mobile Solutions +7% to $132.2M. Advanced Devices -5% to $29M. Forex had a 3% total revenue impact. CEO Steven Bergulund: "Agriculture revenue was flat year to year, geospatial continues its recovery from the oil price shock, building construction's growth continues to be consistent, and transportation and logistics continues to build momentum."
    • Financials: Lifting EPS: Non-GAAP operating expenses fell by $4M Y/Y to $227.4M, and gross margin rose 90 bps Y/Y to 56.9%. $234.4M worth of shares were repurchased over the whole of 2015. Trimble ended 2015 with $116M in cash and $730M in long-term debt.
    • Needham has responded by upgrading to Buy and setting a $24 target. "For the second quarter in a row TRMB solidly exceeded its guidance ... While many macro challenges remain, we believe TRMB's C2H15 results suggest its business has stabilized and is likely poised for reasonable growth with expanding operating margins in C2016. with shares trading near-trough [next 12 month] P/E on near-trough earnings, we think they are poised to work higher in 2016 if the company can show a sustainable recovery in revenue and earnings."
    • Wedbush's David Rose (Outperform, $28 target): "Trimble is well positioned to benefit from the increasing demand to drive productivity through mobile connectivity across a number of industries. In our view, the ongoing strategy to drive margins and reignite growth in 2016 is playing out, making Trimble one of the more attractive industrial technology companies, with an increasing mix of high-margin software and subscription-based services."
    • Trimble's Q4 results, earnings release
    | Wed, Feb. 10, 9:48 AM
  • Tue, Feb. 9, 4:14 PM
    • Trimble Navigation (NASDAQ:TRMB): Q4 EPS of $0.27 beats by $0.03.
    • Revenue of $559.7M (-0.7% Y/Y) beats by $15.34M.
    | Tue, Feb. 9, 4:14 PM
  • Mon, Feb. 8, 5:35 PM
  • Dec. 30, 2015, 2:45 AM
    | Dec. 30, 2015, 2:45 AM | 27 Comments
  • Dec. 21, 2015, 2:38 AM
    • The FAA will open its mandatory drone registration program today in a move that could likely transition a growing hobbyist community to mass-market commercial industry.
    • Owners will be required to submit their names, home and email addresses to a national database, and to put a registration number on unmanned aircraft weighing from half a pound to 55 pounds.
    • An owner of a drone before Monday will have until Feb. 19 to register, but anyone who gets a drone after the website opens will have to register before its first flight.
    • Link to the FAA website
    • Related stocks: AMBA, AVAV, OTCQB:DRNE, GPRO, INVN, IXYS, TRMB
    • Previously: FAA to require registration for most drones (Dec. 15 2015)
    | Dec. 21, 2015, 2:38 AM | 25 Comments