FLIR Systems Launches V2X-Enabled Thermal Traffic Sensor

FLIR Systems, Inc. (NASDAQ:FLIR) launched a thermal traffic sensor — FLIR ThermiCam V2X — for the emerging vehicle-to-everything (V2X) technology market. The sensor will be a vital component in smart city and connected vehicle applications.

The V2X-enabled traffic sensor is designed for urban traffic that will enable vehicles and traffic infrastructure to communicate by sharing data. The entire system will advance safety and efficiency for motorists, pedestrians and bicyclists.

The V2X technology is an emerging crash avoidance system that warns drivers about potentially dangerous situations based on communication between nearby vehicles and traffic infrastructure. Both the vehicles and the infrastructure will have communication units installed to transmit information in a V2X system.

Also, the ThermiCam connects with existing city traffic systems and thus, city traffic planners can future-proof traffic infrastructure without needing to make major investments in retrofitting technology.

FLIR Systems is a leading maker of sensor systems globally. Its reliable and effective imaging & threat-detection technologies are expected to bolster its revenues in the future. Increased adoption of thermal imaging in a broad spectrum of applications, ranging from military to personal hand-held cameras and Smartphones, continue to fuel growth. Notably, shares of the company yielded 28.6% in the past six months, nearly double the industry’s average gain of 14.5%.

The company also remains strongly committed toward the introduction of innovative products to expand customer base and enhance foothold in new markets. Going forward, we expect steady market traction of these products to help the company drive revenue growth in the respective segments.

Moreover, the company’s solid execution and streamlined business have helped it drive solid improvements in backlog, operating margin and net income in the past few quarters. Further, its streamlined operations are anticipated to drive solid improvements in backlog, operating margin and net income.

This apart, driven by its CDMQ model, the Zacks Rank #3 (Hold) company’s government and military business has also been faring well over the past few quarters. Using the model, the company has been able to combat softness in cyclical spending associated with government markets. However,softness in the retail product line has significantly hurt its Security segment over the past couple of quarters.

Other Stocks to Consider

Some better-ranked stocks from the same space include Curtiss-Wright Corporation (NYSE:CW) , Rockwell Collins, Inc. (NYSE:COL) andTeledyne Technologies Incorporated (NYSE:TDY) . While Curtiss-Wright sports a Zacks Rank #1 (Strong Buy), Rockwell Collins and Teledyne carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Curtiss-Wright has surpassed earnings estimates in each of the trailing four quarters, resulting in an average surprise of 15.1%.

Rockwell Collins has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 2.5%.

Teledyne Technologies has delivered a positive average earnings surprise of 35.4%, beating estimates in all the trailing four quarters.

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