Raven Fortifies Innovation Suite with New Field Computer
Raven Industries, Inc.RAVN recently fortified its CRX filed computer portfolio with the launch of CR12. The company's latest model of field computer offers widespread facilities for higher field planning efficiencies.
Strengthening its product portfolio with innovation investments is a key business strategy for Raven Industries. The CR12 includes the same powerful functionality as the prior field computer model - CR7. Notably, it also comprises additional features, such as higher display and brightness. Also, it has a full-glass capacitive touchscreen and tough magnesium waterproof housing with a 12.1-inch display.
Additionally, the operating system of CR12 has fewer touches and higher efficiency, offering extraordinary data-management capabilities for users. It offers wide-ranging field planning features helping users easily define the reference and AB-lines of the field boundary. Notably, this model is compatible with remote care, RS1 and Slingshot file transfer.
Raven will roll out CR12 and discuss the company's upcoming innovation moves in this week's International Summit, to be held at its headquarters in Middenmeer, NL.
Over the past three months, shares of this Zacks Rank #2 (Buy) company have rallied nearly 10%, as against the 2.9% loss recorded by the industry .
Over the last 60 days, the Zacks Consensus Estimate for the company's earnings has moved up 8.2% to $1.59 for fiscal 2019 (ending January 2019). Notably, per our estimates, the company's earnings are projected to be up 39.5% year over year in fiscal 2019. The company is poised to grow on the back of increased innovation investments, sturdier performance of the Aerostar segment and solid technological expertise.
Other Stocks to Consider
Some other top-ranked stocks from the same space are listed below:
Federal Signal Corporation FSS carries a Zacks Rank of 2. The company pulled off an average positive surprise of 16.07%, over the last four quarters. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Crane Company CR also carries a Zacks Rank of 2. The company delivered an average positive surprise of 2.13%, over the trailing four quarters.
Honeywell International Inc. HON , another Zacks #2 Ranked company, recorded an average positive average surprise of 1.49%, in the past four quarters.
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