TRMB — Trading Ideas on TradingView

Trimble Inc. Surges Ahead with Record Revenue and Strategic Move Trimble Inc. (NASDAQ: NASDAQ:TRMB ) has just released its fourth-quarter and full-year 2023 financial results, showcasing remarkable growth and strategic initiatives that position the company for continued success in 2024. With record annualized recurring revenue (ARR), impressive margins, and robust earnings, Trimble's ( NASDAQ:TRMB ) performance underscores its resilience and strategic foresight in navigating dynamic market conditions. Let's delve into the key highlights of Trimble's financial performance and its forward-looking guidance, offering insights into what lies ahead for this technology powerhouse. Record Financial Performance: In 2023, Trimble ( NASDAQ:TRMB ) achieved record-breaking financial milestones, signaling its strength and agility in a competitive landscape. Annualized recurring revenue soared to $1.98 billion, marking a substantial 24% year-over-year increase. This growth, bolstered by a 13% rise on an organic basis, underscores Trimble's ability to consistently deliver value to its clients and capitalize on market opportunities. Moreover, the company reported robust GAAP and non-GAAP gross margins, with GAAP operating income reaching $448.8 million and non-GAAP operating income hitting $934.7 million, equivalent to 11.8% and 24.6% of revenue, respectively. Strategic Moves and Operational Excellence: Beyond financial achievements, Trimble's strategic moves and operational excellence have played a pivotal role in driving its success. Throughout 2023, Trimble prioritized executing its strategic vision while returning capital to shareholders. The company's president and CEO, Rob Painter, highlighted this commitment, emphasizing Trimble's resolve to navigate macroeconomic uncertainties while advancing its long-term goals. Notably, Trimble's prudent capital allocation strategy included the repurchase of approximately 2.4 million shares for $100.0 million, reflecting confidence in its future prospects and commitment to enhancing shareholder value. Forward-Looking Guidance and Growth Prospects: Looking ahead to 2024, Trimble remains optimistic about its growth trajectory and market position. The company's forward-looking guidance sets ambitious targets, with projected revenue between $3,570 million and $3,670 million for the full year, accompanied by non-GAAP EPS expectations of $2.60 to $2.80. These projections, underpinned by a tax rate of 17.5% and approximately 243 million shares outstanding, demonstrate Trimble's confidence in its ability to sustain momentum and capitalize on emerging opportunities. Moreover, Trimble's guidance for the first quarter of 2024 anticipates revenue between $905 million and $935 million, with non-GAAP EPS forecasted at $0.57 to $0.62. These projections, based on similar tax assumptions and shares outstanding, reflect Trimble's robust start to the fiscal year and its proactive approach to achieving sustainable growth. Key Catalyst: Joint Venture with AGCO: A key catalyst for Trimble's future growth is its joint venture with AGCO, slated to close at the beginning of the second quarter of 2024. While Trimble ( NASDAQ:TRMB ) refrains from providing a quantitative reconciliation of certain measures to GAAP due to the pending joint venture, the strategic significance of this collaboration cannot be understated. By leveraging synergies and expertise, Trimble ( NASDAQ:TRMB ) and AGCO aim to unlock new opportunities in the agriculture sector, further solidifying Trimble's position as a leader in innovative solutions for precision agriculture. Conclusion: Trimble Inc.'s stellar performance in 2023, coupled with its strategic initiatives and forward-looking guidance, underscore its resilience and growth potential in an evolving market landscape. With record revenue, strong margins, and strategic partnerships on the horizon, Trimble ( NASDAQ:TRMB ) is well-positioned to capitalize on emerging opportunities and drive value for shareholders in 2024 and beyond. As the company continues to execute its vision and navigate macroeconomic dynamics, investors can remain confident in Trimble's ability to deliver sustainable growth and innovation in the years to come.

$TRMB Bearish to Bullish Reversal NASDAQ:TRMB Trimble Stock Breaks Bearish Trend, Initiates Bullish Reversal A bearish parallel trend is characterized by a consistent downward trajectory in a stock's price over time. Investors often regard this pattern as a sign of declining market sentiment, prompting caution and reevaluation of investment strategies. Trimble, a well-known player in the technology and solutions domain, had been navigating such a bearish trend until recently. The Breakout: A Bullish Reversal Investor sentiment took a positive turn as Trimble's stock exhibited a remarkable shift in its trend pattern. Breaking away from the downward trajectory, Trimble's stock embarked on a bullish reversal. This noteworthy development is a testament to changing market dynamics, potentially signaling renewed interest and optimism surrounding the company's prospects.

TRMB - Double Top Idea TRMB Is within some layered channels I think price will climb again just to double top and return to the lower channel Weekly chart

TRMB - Bullish Forecast This is chart for TRMB on 3D chart A large channel has formed but a subtle sharper uptrend is also forming at the same time I think this sharper uptrend will become dominant and price will extend above This price point also aligns with an earlier price pattern top (dotted line)

Trimble Inc - 45% Shorting Potential?Given the latest jitter in the US market, increasing risk of recession and slow down of the economy can global software, hardware, and services technology company like Trimble Inc go even deeper into a correction? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years but with a sign of a slow down in 2021 Profit margin - decent 13.6% margin in 2021 P/E - 34x quite high considering average fundamentals and growth rate Liabilities - no problems with debt Technical Analysis (Elliott Waves): Having analysed the whole historic data of the company it is clear that we are currently observing fifth wave developing, which takes a more complex shape of an Ending Diagonal The first wave of this diagonal completed in July 2019 with a zigzag followed by wave 2 with a deep retracement which is typical for Ending Diagonals Since then we have observed completion of a clear impulse in wave A of a zigzag culminating in August 2021 followed by a correction in wave B Given the sharp nature of this correction and clear structure shaped by zigzags, it is very likely that WXYXZ is forming and we can expect another deep retracement potentially with up to 0.786 to wave A, hence the furthest target to $36 What do you think about Trimble and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks

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TRMB MFI signaling a pullback. MA Line is about to breach the Bollinger Bands, signaling overbought, even though not above 70. Price Action confirms this as after the breakout run upwards, it should test the Ichimoku Cloud as a line of support. Will most likely consolidate/create pattern, signaling direction of next move.

TRMB - Breakdown short setup from $38.51 to $34.17 TRMB was on our watch list form December. We were looking for the break of its upward channel formation. At last, it has broken down its Uptrend & Major EMA lines. It also has huge insider selling. We think it will continue downward from here. * Trade Criteria * Date First Found- February 21, 2018 Pattern/Why- Downward Momentum Play Entry Criteria- Break of $36.37; Aggressive entry at current price ($38.51). (Hit February 22, 2018) Exit Criteria- 1st Target $34.17 and 2nd Target $30.73 Stop Loss Criteria- $41.77 Indicator Notes- Twiggs money flow deep into the negative side. Special Note- Lots of insider selling Please check back for Trade updates. (Note: Trade update is little delayed here.)

TRMB - short from current price to $32.57 & $40 May-18 Puts TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling. We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts. * Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- May $40 puts Exit Target Criteria-1st Target $32.57, 2nd Target $28.63 Stop Loss Criteria- $44.17 or $42.13 Indicator Notes- Moneyflow divergence Special Note- Massive insider selling, big on % wise Please check back for Trade updates. (Note: Trade update is little delayed here.)