Agilent Inc. (A) is collaborating with the College of Chemistry at the University of California (UC), Berkeley to build new chemistry and chemical engineering laboratories that will be used for teaching purposes.
Agilent will provide some of the latest test equipment, such as its chromatography, molecular spectroscopy instruments and software. The products will include its latest GC/MS, GC, LC, FT-IR and MP-AES technologies.
The University of California will redesign and rebuild its undergraduate chemistry labs with the help of Agilent’s multimillion instrumentation package. The laboratory has not been upgraded for almost five decades.
The University, with Agilent’s latest instruments, will impart real world training on advanced instrumentation to undergraduate students help them familiarize themselves with the latest analytical measurement practices. The changes are expected to benefit new generations of scientists and thus increase their possibility of employment.
Agilent’s success at leading universities comes from its superior technology and comprehensive portfolio. The company regularly updates and upgrades its portfolio to maintain its leadership position.
Agilent’s revenues in the second quarter of 2013 were $1.73 billion, up 3.1% sequentially and flat year over year, just short of the Zacks Consensus Estimate of $1.74 billion. Its Electronic Measurement segment remained the largest contributor and accounted for 44% of its revenues, up 5.3% sequentially but down 13.2% year over year.
Currently, Agilent Technologies has a Zacks Rank #4 (Sell). Other test equipment companies, such as National Instruments Corp (NATI) with a Zacks Rank #1, and Ametek Inc. (AME) and On Semiconductor (ONNN), both with a Zacks Rank #2 are worth considering at this time.
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