Revenue Update on FLIR Systems(NASDAQ:FLIR)

FLIR Systems(NASDAQ:FLIR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $474.738M. Analysts estimated a revenue of $452.570M. The revenues were 4.9% above the estimates. Earnings per share were $0.52. The reported EPS was below estimates by -3.7%. Analysts had estimated an EPS of $0.54.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage On FLIR Systems, according to a research note issued on Jan 19, 2017. In the research note, the firm Announces the price-target to $35 per share. The shares have been rated ‘Hold’ by the firm.

FLIR Systems (FLIR) shares turned negative on Wednesdays trading session with the shares closing down -0.08 points or -0.22% at a volume of 6,45,223. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.83. The peak price level was also seen at $36.83 while the days lowest was $36.42. Finally the shares closed at $36.68. The 52-week high of the shares is $37.22 while the 52-week low is $28.26. According to the latest information available, the market cap of the company is $4,993 M.

Several Insider Transactions has been reported to the SEC. On Nov 4, 2016, Earl R Lewis (director) sold 52,000 shares at $32.40 per share price.Also, On Nov 3, 2016, Brian E Harding (VP, Corporate Controller & PAO) sold 541 shares at $33.00 per share price.On Nov 3, 2016, Angus L Macdonald (director) sold 20,000 shares at $32.86 per share price, according to the Form-4 filing with the securities and exchange commission.

FLIR Systems Inc. (FLIR) designs develops markets and distributes thermal imaging systems visible-light imaging systems locater systems measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

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