Robotics Sector Update: Companies Surge to 52 Week Highs Since Trump's Inauguration

    Robotics Sector Update: Companies Surge to 52 Week Highs Since Trump's
                                 Inauguration

MarketNewsUpdates.com News Commentary

  PR Newswire

  PALM BEACH, Florida, September 25, 2017

PALM BEACH, Florida, September 25, 2017 /PRNewswire/ --

Retail Automation and Artificial Intelligence Applications Continue to Drive
Market Growth - The robotics sector has experienced record growth under a
Trump administration that has pursued a policy of discouraging manufacturers
from leaving the United States. As a result, American businesses have turned
towards robotics and automation technologies to cope with rising labor costs.
Because of this, investors positioned in companies pursuing robotics, retail
automation and artificial intelligence technologies are rewarded with new
52-week highs. The robotics industry is projected to grow 10% per year,
eclipsing $80 billion in market size by 2020 as companies continue to invest
in increased productivity. Companies in the industry with recent developments
and market performances include: Intuitive Surgical, INC. (NASDAQ: ISRG),
Generation NEXT Franchise Brands (OTC: VEND), Cognex Corporation (NASDAQ:
CGNX), Rockwel l Automation, Inc. (NYSE: ROK) and Teradyne Inc. (NYSE: TER).
Intuitive Surgical, INC. (NASDAQ: ISRG), designer and manufacturer of the da
Vinci robotic surgical systems range in price from $500,000 to $2.5 million
per system. Despite these high price tags, more than half of the company's
2016 revenues of $792 million were generated from the sale of instruments and
accessories with service revenue comprising another 19% of total revenue. ISRG
closed Friday trading near its 52-week high at a closing price of $1013.52.
Generation NEXT Franchise Brands Inc. (OTCQB: VEND) owns robotic retail
automation patents aimed at disrupting traditional brick and mortar operators.
The company's self-contained retail robots are capable of operating 24 hours a
day, do not require full-time employees and are placed in high traffic
destinations and locations eliminating lease expenses. The company recently
secured a partnership with $9 billion Flex Ltd. to manufacture their patented
technology. VEND closed trading on Friday just $0.08 off its 52-week high at a
closing price of $1.00. Cognex Corporation (NASDAQ: CGNX), leaders in
vision-guided robotics, recently issued a quarterly cash dividend of $0.085
per share to all shareholders of record as of the close of business on August
18, 2017. CGNX closed Friday just off its 52-week high at a closing price
$113.43 Rockwell Automation, Inc. (NYSE: ROK), the world's largest company
dedicated to industrial automation and information, recently scaled a new
52-week high elevated by automation demand from the automotive industry.
Additionally, the company recently announced that its Board of Directors has
elected President and Chief Executive Officer Blake D. Moret as Chairman of
the Board effective January 1, 2018. ROK closed Friday at a near 52-week high
of $177.55 per share. Teradyne Inc. (NYSE: TER), a leading supplier of
automation equipment for test and industrial applications, has seen strong
growth from its Universal Robots division (acquired in 2015) as it continues
to gain market share in developing markets. The company will issue a quarterly
cash dividend of $0.07 per share, payable on September 29, 2017 to
shareholders of record as of the close of business on September 7, 2017. TER
closed on Friday at $35.45 with a 5-week high price of $36.94

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