Research Desk Line-up: Fortive Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 31, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Garmin Ltd (NASDAQ: GRMN), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=GRMN. The Company announced on October 27, 2017, that it has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the marine industry. Garmin, however, made no disclosure about the financial terms of the acquisition. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Scientific & Technical Instruments industry. Pro-TD has currently selected Fortive Corporation (NYSE: FTV) for due-diligence and potential coverage as the Company announced on October 26, 2017, its financial results for Q3 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Fortive when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GRMN; also brushing on FTV. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=GRMN

http://protraderdaily.com/optin/?symbol=FTV

Improved Offerings for Customers

Navionics, which is headquartered in Viareggio, Italy, is known for its offerings to the marine industry. Apart from its popular boating mobile application, Navionics has recently developed an extensive repository of nautical charts for oceans, rivers, and lakes. More often than not, these charts are developed with the help of Navionics' proprietary surveys, both in the field and with remote sensing such as satellite imagery and airborne laser scanners.

Cliff Pemble, President and Chief Executive Officer (CEO) at Garmin, shared his views about the acquisition. He stated that Navionics has been a leading supplier of highly accurate navigational charts and mobile applications for boaters for a long time. Pemble believes that bringing together Navionics' content with Garmin's BlueChart® and LakeVü? content will help the Company considerably enhance its offerings for the marine customers. This combination would indicate the best available breadth and depth of coverage for marine customers.

Garmin intends to retain the Navionics brand going forward. It would continue to support Navionics' existing customers and retain the 350 associates that Navionics has globally.

Garmin, An Ideal Match for Navionics

Similarly, Giuseppe Carnevali, Founder and President of Navionics, shared that Navionics has been passionate about creating products for enhancing boating experience, since its very existence. Just like Navionics, Garmin also has a passion for serving the marine industry. Thus, he believes that Garmin is an ideal match for carrying the strong brand and reputation of Navionics into the future.

Garmin basically operates through five segments: (i) Automotive/Mobile, (ii) Aviation, (iii) Marine, (iv) Outdoor, and (v) Fitness. Currently, the Marine sector is the smallest segment but it is growing rapidly. For the fiscal year 2016, Garmin's Marine segment generated revenues of $331.95 million, which constitutes 11% of its total revenues and an increment of 16% from the previous year.

Garmin Introduces New Product for Batters

  • Garmin International, a unit of Garmin, launched the Impact? bat swing sensor with on-device display for batters on October 23, 2017.
  • The sensor is designed to instantly deliver key metrics and feedback after every swing, eliminating the need to view a phone or tablet.
  • This product is proposed for batters of all skill levels, and is expected to make training more productive by improving hand speed, bat speed, as well as position.
  • Moreover, if one downloads the free Impact? application with a compatible smartphone or tablet, it would add even more insight to every swing. In fact, it can even be customized for use with multiple players and different bats.

Last Close Stock Review

Garmin's share price finished yesterday's trading session at $56.49, marginally advancing 0.36%. A total volume of 773.64 thousand shares have exchanged hands. The Company's stock price surged 13.00% in the last three months, 10.25% in the past six months, and 18.01% in the previous twelve months. Additionally, the stock rallied 16.50% since the start of the year. Shares of the Company have a PE ratio of 15.92 and have a dividend yield of 3.61%. The stock currently has a market cap of $11.23 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily