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Trimble shares stumble in reaction to $2B Transporeon deal

Dec. 13, 2022 11:57 AM ETTrimble Inc. (TRMB)By: SA News Team2 Comments

King Chess Pieces With Mergers And Acquisitions Text

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  • Trimble (NASDAQ:TRMB) shares slumped by more than 6% Tuesday as Wall Street showed its feelings about the work-process technology company's acquisition of Transporeon.
  • On Monday, Trimble (TRMB) said it would acquire Transporeon, which makes transportation

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Comments (2)

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ric koehler profile picture
SA says nothing about Morgan Stanley raising price target to 65 from 63 tho they kept a Hold rating. And saw nothing about Raymond James changing price target.

Must agree with RJ take on purchase, as TRMB investor. Inopportune time to pay 10 times annual Revenue for software company. Let's see what Trimble does to integrate and leverage, an area where Trimble succeeds.
@ric koehler I think it was expensive. But could potentially fill in their weak spots in order to complete there Trimble transportation cloud like they announced with Trimble construction cloud . So I'm hoping that charges their revenue growth in the future. Also it looks like it's a fairly profitable company at 30% ebita margins . I think it's giving s 30 something p/e which is expensive but not as outrageousas other acquisitions last year

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