Aggressive Growth Buy Alert: FLIR Systems

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.

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