Aggressive Growth Buy Alert: FLIR Systems
By Zacks Investment Research on August 17, 2008 | More Posts By Zacks Investment Research | Author's Website
FLIR Systems, Inc. (FLIR) announced second-quarter results on July 24th after being featured as a growth stock in March. The thermal imaging and stabilized camera company surprised the street with second-quarter earnings of 29 cents per share, one penny higher than analyst expectations of 28 cents. FLIR Systems recorded second-quarter revenue of $261 million, a 42% year-over-year increase.
On July 30th the company announced a finalized $30 million dollar contract with the US Army to deliver thermal imaging systems, Star SAFIRE III’s, over the next 12 months.
Shares of FLIR climbed steadily since the being featured as a Zacks Rank Buy. The stock set its 52-week high of $45.49 in mid July and have since retraced to form a nice level of support near $39. Take a look at the chart below.
Last Week’s Aggressive Growth Zacks Rank Buy Stocks
Green Mountain Coffee Roasters, Inc. (GMCR) is flourishing as consumers are opting for home-brewed coffee amid inflated prices at the pump and the supermarket. The company recently topped analysts estimates by 19% and has a projected growth rate of 20%. Read Full Article.
Thoratec Corporation (THOR) recently posted impressive second-quarter results. The stock is trading near its 52-week high and showing strength, despite terrible news slamming other biotech firms earlier this month. Read Full Article.
Coherent, Inc. (COHR) recently set a new 52-week high just after announcing its third-quarter results. The company also released one of the most powerful lasers commercially available on July 30th. Read Full Article.
True Religion Apparel, Inc (TRLG) recently announced a record-breaking quarter and is expanding faster than anticipated. The company’s year-over-year earnings have increased 86% and have a five-year projected growth rate of 20%. Read Full Article.
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