The Zacks Analyst Blog Highlights: AeroVironment, Cadence Design Systems, PTC, NVIDIA and TransEnterix

Chicago, IL – April 9, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AeroVironment, Inc. AVAV, Cadence Design Systems, Inc. CDNS, PTC Inc.(PTC, NVIDIA Corp. NVDA and TransEnterix, Inc. TRXC.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Here are highlights from Wednesday’s Analyst Blog: ” data-reactid=”21″>Here are highlights from Wednesday’s Analyst Blog:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="5 Mobile Robotics Stocks to Combat Coronavirus Crisis” data-reactid=”22″>5 Mobile Robotics Stocks to Combat Coronavirus Crisis

Healthcare officials believe that coronavirus, which is highly contagious, can be stopped from spreading by social distancing and avoiding contact with infected people. Robotics is playing a major role in easing the burden on healthcare workers.

Mobile robotics has taken center stage in several countries. From aiding doctors and nurses in the hospital to helping police patrol amid lockdown, robots have been playing a pivotal role.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Robots’ Role” data-reactid=”25″>Robots’ Role

So far, globally, high-tech robots have been used in manufacturing, defense and security, logistics, inspection and maintenance. However, since the COVID-19 outbreak, robotics is being used in healthcare to minimize human-to-human contact.

From sanitizing hospitals, homes and workplaces to monitoring, surveying, handling and delivering food and medicines to patients, robots are coming to the aid of healthcare workers, thus lowering their risk of exposure. Small bot Tommy, the robot nurse, is being used in Varese’s Circolo Hospital. The robot can monitor equipment in a room and pass on the information to doctors.

In Italy alone, more than 4,000 health workers have been infected with coronavirus while treating patients and around 70 doctors have lost their lives. These robots help in limiting patients’ direct contact with doctors and nurses.

In Wuhan, robots have been used for spraying disinfectant through residential areas, while a patrol robot in Shenyang checked temperature and disinfected people and spaces. Robot chefs have been installed in Ezhou’s hospital kitchen to produce 100 pots of rice per hour, without human supervision.

In the United States, with major cities closing all non-essential businesses, restaurants have been allowed to stay open only for takeout and delivery. Postmates delivery robots help in delivering food in Los Angeles. Similarly, in Britain, self-driving Starship robot drops deliveries at doorsteps, eliminating contact between people.

Many surveillance robots and drones are being used to enforce curfews and conduct surveillance for security purposes. For instance, in Tunis, Enova Robotics’ PGuards, a four-wheeled, thermal-imaging camera and a Lidar (light detection and ranging) technology-fitted robot have been deployed to patrol areas. The robot walks up to people walking in the street and asks them why they are out. The person has to show their identity cards or other papers to the robot’s camera, which is monitored by officers controlling it.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="5 Stocks to Watch” data-reactid=”32″>5 Stocks to Watch

Given the development and high utility of mobile robotics, the industry is sure to trend northward in the upcoming years. In fact, the global robotics market, which was valued at around $34 billion in 2019, is expected to witness CAGR of 28.5% by 2024. And with coronavirus offering a tailwind, the industry is expected to grow to $23 billion by 2021, per an ABI Research analysis. Hence we have shortlisted five stocks that are poised to grow as the mobile robotics industry trends up.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="AeroVironment, Inc.&nbsp;offers unmanned aircraft systems and related services. It also provides small Unmanned Aircraft System products, including spare equipment, alternative payload modules, batteries, chargers, repair services, and customer support.” data-reactid=”34″>AeroVironment, Inc. offers unmanned aircraft systems and related services. It also provides small Unmanned Aircraft System products, including spare equipment, alternative payload modules, batteries, chargers, repair services, and customer support.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The company’s expected earnings growth rate for the current quarter is more than 100% against the Zacks&nbsp;Aerospace – Defense Equipment&nbsp;industry’s projected earnings decline of 6.5%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 8.6% upward over the past 60 days. AeroVironment carries a Zacks Ranks #2 (Buy). You can see&nbsp;the complete list of today’s Zacks #1Rank (Strong Buy) stocks here.” data-reactid=”35″>The company’s expected earnings growth rate for the current quarter is more than 100% against the Zacks Aerospace – Defense Equipment industry’s projected earnings decline of 6.5%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 8.6% upward over the past 60 days. AeroVironment carries a Zacks Ranks #2 (Buy). You can see the complete list of today’s Zacks #1Rank (Strong Buy) stocks here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cadence Design Systems, Inc.&nbsp;provides software, hardware, services, and reusable integrated circuit design blocks. The company’s expected earnings growth rate for the current year is 10.5% compared with the Zacks&nbsp;Computer – Software&nbsp;industry’s projected earnings growth of 4.8%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 3.9% upward over the past 60 days. Cadence Design Systems carries a Zacks Ranks #2.” data-reactid=”36″>Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit design blocks. The company’s expected earnings growth rate for the current year is 10.5% compared with the Zacks Computer – Software industry’s projected earnings growth of 4.8%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 3.9% upward over the past 60 days. Cadence Design Systems carries a Zacks Ranks #2.