3 Reasons This Growth Stock Could Be a Monster
Technology company Trimble (NASDAQ: TRMB) has a long pathway of growth ahead. The interesting thing about its growth drivers is that they come from a diverse set of sources -- from end-market improvements, through the growth of new technologies that add value to Trimble's solutions, and a shift toward higher-margin activities. As a result, there's a lot to like about the company's stock. Here's why.
Trimble is a leading company in the positioning, modeling, and data analytics arena. In plain English, this means Trimble uses positioning technology to connect a customer's physical assets and activity with the digital world. As you might imagine, the company has a historical strength in the geospatial markets (mapping, surveying, etc.). In addition, the transportation market (real-time monitoring of fleets and connected vehicles) is another important end market.
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Source Fool.com
