Agilent Technologies Inc. (A) launched the oscilloscope industry’s first eye-diagram mask testing capability for the differential Controller Area Network serial bus. This device is used extensively for control and sensor monitoring in automotive applications and in a broad range of industrial and medical equipment applications.
Oscilloscopes are used in various technical fields. First, they play an important role in the analysis of video quality in televisions and for monitoring vital functions in electrocardiogram and electroencephalogram instruments. They are also used for testing various automotive applications (analyzing ignition sparks in atomotive engines for instance).
Eye-diagram mask testing is one of the most important ways scientists measure the overall signal quality of their serial bus networks. The CAN eye-diagram test helps in single measurement that provides insight into the overall signal integrity. This testing device has helped engineers to perform a composite signal-integrity measurement of their CAN buses in one easy measurement.
The oscilloscope market is forecasted to reach $1.5 billion by 2014, as per research conducted by Frost & Sullivan as there has been a surge in demand coupled with the introduction of new products in the markets. Agilent is trying to increase its market share as there has been an unprecedented rise in demand for wireless connectivity, data bandwidth and energy-related products.
Agilent’s revenue was up 6.0% sequentially and 3.3% year over year, better than management’s expectations of a 4-5% sequential increase ($1.70 billion to $1.72 billion).
Management is trying to grow its market share by introducing new products and fight off competition from companies like Teradyne (TER), Thermo Fisher Scientific, Inc. (TMO) and Danaher Corp. (DHR) among others.
Currently, Agilent has a Zacks Rank #3, implying a short-term Hold recommendation.
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