Credit: Shutterstock photoPremium analytical laboratory instrument and software company, Waters CorporationWAT , recently expanded its Progenesis QI software with the launch of Proteolabels. The company has agreed to offer Proteolabels through an exclusive agreement with Liverpool, U.K.-based start-up company Omic Analytics, that focuses on computational biology.
Proteolabels has been designed to support studies involving stable isotope labels. The company remains confident that this latest offering will extend the use of Progenesis QI for proteomics that will help address the needs of health sciences customers. Further, the software is also expected to find use in other fields, together with food and environmental research.
Proteolabels has been packed with a host of other features - including co-detection, to improve sensitivity; auto-detect, to simplify analysis; peptide scoring capability; and smart protein inference to boost protein-level quantitation. It is also armed with multiple QC metrics and data plotting options to gain deeper insights.
Waters Corp. has an active research and development (R&D) division focusing on the development and commercialization of products to gain a competitive edge over peers. Last week, the company showcased multiple offerings at the Pittcon Conference and Expo. It also launched a "cloud deployable, compliance ready enterprise Chromatography Data Software (CDS)" - Empower Cloud. Further, it expanded its TA Instruments product line by adding three 800 Series dilatometers as well as launching SDT 650.
Over the past three months, shares of Waters Corp. has appreciated 16.3%, outperforming the Zacks categorized Instruments-Scientific industry's average return of 11.1%. The company has a decent earnings surprise history with an average positive surprise of 3.9%, beating estimates thrice over the trailing four quarters. Also, upward estimates revision over the past month raises our confidence in the stock.
Stocks to Consider
Some better-ranked stocks in the same space include Applied Materials, Inc. AMAT , Science Applications International Corporation SAIC and Ubiquiti Networks, Inc. UBNT . While Applied Materials sports a Zacks Rank #1 (Strong Buy), Science Applications and Ubiquiti Networks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
With four back-to-back earnings beat, Applied Materials has an average positive surprise of 3.9% for the last four quarters.
Science Applications International has a striking earnings surprise history for the trailing four quarters, having beaten estimates in each of them, for a remarkable average of 9.2%.
Ubiquiti Networks managed to beat earnings estimates thrice over the trailing four quarters. It has an average positive surprise of 14.3%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
