The bull is back following a remarkable dive in December. Now, we finally have a minor pullback in the context of the 2019 run higher. That’s a good opportunity to take a close look at leadership market segments. With the geopolitical and security themes still roaring due to various fears marking the modern age, investors stand to benefit from companies that are finding solutions to the strife.
Three interesting names with compelling stories and chart patterns in the security and surveillance space that you may want to take a peek at include FLIR Systems, Inc. (NASDAQ:FLIR), DirectView Holdings Inc. (OTCMKTS:DIRV), and Fortinet Inc (NASDAQ:FTNT).
FLIR Systems, Inc. (NASDAQ:FLIR) bills itself as a company that designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide.
The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.
The Industrial Business Unit segment offers thermal and visible-spectrum imaging cores and components for parties that create thermal, industrial, and other types of imaging systems; and products, such as thermal imaging cameras, gas detection cameras, firefighting cameras, process automation cameras, and environmental test and measurement devices.
The Government and Defense Business Unit segment offers airborne, land, maritime, man-portable multi-spectrum imaging systems, radars, lasers, imaging components, integrated multi-sensor system platforms, CBRNE detectors, and nano-class UAS solutions, as well as services related to these systems.
The Commercial Business Unit segment provides thermal and visible-spectrum security cameras, digital and networked video recorders, and related software and accessories; networked marine electronic systems that include multi-function helm displays, navigational instruments, autopilots, radars, sonar systems, thermal and visible imaging systems; communications equipment for boats, traffic cameras, sensors and associated traffic management software; and thermal scopes and handheld thermal cameras.
FLIR Systems, Inc. was founded in 1978 and is headquartered in Wilsonville, Oregon.
Shares of FLIR have now taken a hit of about -4% over the past week. FLIR shares have been relatively flat over the past month of action, with very little net movement during that period.
FLIR Systems, Inc. (NASDAQ:FLIR) generated sales of $448.5M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 3.1% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($512.1M against $316M).
DirectView Holdings Inc. (OTCMKTS:DIRV) provides video surveillance solutions and teleconferencing products and services to businesses and organizations.
The company just announced that it has entered the Smart Home market with Google Home, Nest, and Ring Doorbell products driving record-breaking sales through the Company’s wholly-owned e-retailer website, ApexCCTV.com. This could be an extremely exciting development given the huge growth expected in that market.
According to the release, “ApexCCTV has noted consistent growth since the redesigned platform went live last year. Total inbound traffic to the e-commerce website has increased by 43%. As a supplier, ApexCCTV has the ability to offer the most competitive pricing on the internet. The addition of Smart Home Products like Google’s (GOOG) “Home”, “Nest”, and Amazon’s (AMZN) “Ring” doorbell products have been strong contributing factors for ApexCCTV’s record-breaking increase in orders and revenue of 172% and 185%, respectively. In an effort to further this growth, ApexCCTV.com will be adding roughly 2,300 new products in the coming weeks, doubling the size of its product catalog.”
The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements.
The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites.
The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements.
This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations.
Recently, we have seen this company move into close proximity with the multi-billion dollar cannabis space, as well as ink a series of major new contracts with large-scale retailers. Naturally, this puts the company into the big leagues, as the market has started to see.
Directview Holdings Inc (OTCMKTS:DIRV) pulled in sales of $1M in its last reported quarterly financials.
Fortinet Inc (NASDAQ:FTNT) frames itself as a company that provides broad, automated, and integrated cybersecurity solutions worldwide.
It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers.
The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices, such as computers and laptops, as well as an expanding field of Internet of Things devices; and Fortinet Management and Analysis products consisting of FortiManager and FortiAnalyzer hardware and software products. In addition, it provides security subscription, technical support, professional, and training services.
The company sells its security solutions to channel partners; and directly to end-customers, including small and medium-sized businesses, large enterprises, and government organizations in a range of industries consisting of telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare.
Fortinet, Inc. was founded in 2000 and is headquartered in Sunnyvale, California.
In all, shares of the stock are now down a total of about -7% over the past five days of trading. FTNT shares have been relatively flat over the past month of action, with very little net movement during that period.
Fortinet Inc (NASDAQ:FTNT) pulled in sales of $507M in its last reported quarterly financials, representing top line growth of 21.7%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($1.6B against $1.3B).