National Instruments Corp (NATI) announced its earnings results on Tuesday. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The company’s revenue for the quarter was up 12.0% on a year-over-year basis.
On the ratings front, analysts at Zacks Investment Research downgraded shares of National Instruments Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, January 23rd. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) cut their price target on shares of National Instruments Corp to $32.00 in a research note to investors on Wednesday, January 4th.
Shares of National Instruments Corp (NATI) traded down 0.52% during mid-day trading on Tuesday, hitting $26.91. National Instruments Corp (NATI) has a 52 week low of $21.32 and a 52 week high of $33.20. The stock’s 50-day moving average is $25.84 and its 200-day moving average is $25.45. The company has a market cap of $3.240 billion and a P/E ratio of 30.12.
National Instruments Corporation is a supplier of measurement and automation products that engineers and scientists use in a range of industries. These industries comprise a large and diverse market for design, control and test applications. The Company provides flexible application software and modular, multi-function hardware that users combine with computers, networks and third-party devices to create measurement, automation and embedded systems, which the Company also refers to as virtual instruments. National Instruments Corporation’s application software products include LabVIEW, LabVIEW Real-Time, LabVIEW FPGA, Measurement Studio, LabWindows/CVI, DIAdem, NI TestStand, NI VeriStand and Multisim. Its hardware and related driver software products include data acquisition (DAQ), image acquisition, motion control, distributed input/output (I/O), modular instruments and embedded control hardware/software and industrial communications interfaces.