Agilent Technologies Inc. A recently announced that Michael Tang will be taking up responsibilities as the senior vice president (SVP), general counsel and secretary, effective immediately.
Tang joined the company in 2006 and has served as the vice president, assistant general counsel as well as assistant secretary. Also, he has been advising the company on vital issues like mergers and acquisitions, security and corporate governance.
On Apr 2015, Tang was appointed as the interim secretary. He was also the lead attorney on Agilent’s spin-off of the electronic measurement business into Keysight Technologies.
Tang is a graduated from Columbia Law School and boasts a B.S. degree in economics from The Wharton School of Business, University of Pennsylvania.
Management believes that Tang’s considerable experience and business proficiency will further be instrumental in helping the company achieve its long-term goals.
Looking Ahead
Agilent issued guidance for the first quarter and fiscal 2016. The company projects first-quarter revenues within $1.00 billion to $1.02 billion and non-GAAP earnings per share in the range of 42 cents to 44 cents. Analysts polled by Zacks predict earnings of 43 cents.
For fiscal 2016, Agilent projects revenues between $4.15 billion and $4.17 billion and non-GAAP earnings per share in the $1.85 to $1.91 range. Analysts polled by Zacks expect earnings of $1.89.
The company is expected to report on Feb 16.
To Conclude
Agilent Technologies is a broad-based OEM of test and measurement equipment. The company’s decision to divest/ wind up underperforming businesses has enhanced focus on the new Agilent, while enabling management to expand the solid recurring revenue base and diversify geographic and industrial operations to achieve growth. Also, the company’s focus on aligning investment toward more attractive growth avenues and innovative product launches is a positive.
However, competition from Teradyne and Thermo Fisher Scientific coupled with a challenging technology spending environment and softer-than-expected earnings guidance keep us on the sidelines.
Currently, Agilent has a Zacks Rank #3 (Hold). Some well-ranked stocks in the technology space are MaxLinear, Inc. MXL, NXP Semiconductors NV NXPI and Silicon Laboratories SLAB. All the three stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment