Arrow Electronics ARW collaborated with Resideo Technologies REZI to help Habitat for Humanity develop smart home technology in Aurora, Colorado. This partnership aims to improve the quality of life and provide safe and convenient energy for Mountain View Community Homes residents. Create an efficient living space without additional costs.
The companies are equipping each home in the Mountain View community with an array of smart home devices. These include Resideo's First Alert and Honeywell Home branded products, such as smart His thermostats, air handling systems, video doorbells, outdoor security cameras, and water leak detection systems.
ARW's involvement goes beyond providing technology, supporting Resideo with engineering and supply chain services. Through this collaboration, the goal is to seamlessly integrate smart home solutions into the construction process without inflating construction costs, thereby making smart home solutions available to new homeowners.
Mountain View Community is Habitat for Humanity's first project to showcase integrated smart home solutions. Scheduled for occupancy in early 2025, the initiative highlights a commitment to leveraging technology to build more sustainable and connected communities.
Arrow Electronics, Inc. Price and Consensus
Arrow Electronics price and consensus
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Recent advances in ARW to help grow your sales
The company is stepping up its support for customers venturing into artificial intelligence (AI) and machine learning for embedded applications with the launch of Arrow Edge AI engineering services. These resources include a wide range of services, including consulting, technical training, design services, pre-built software, and a carefully selected set of tools. Morten Block, his EMEA Marketing Director at Arrow Electronics, highlights the growing importance of AI in various sectors and the challenges inherent in developing his AI applications for edge computing platforms. .
Arrow Electronics has signed a distribution agreement with The Things Industries to provide LoRaWAN solutions in the EMEA region. By leveraging his LoRaWAN network servers from The Things Industries and ARW's suite of related products, the partnership aims to reduce the total cost of ownership for his LoRaWAN projects. Through this partnership, the company will provide components, LoRaWAN connectivity and engineering services to streamline the procurement process and provide customers with cost savings, time efficiency, and comprehensive support for successful LoRaWAN deployments.
These recent advances are expected to drive the company's revenue growth in the coming quarters.
The Zacks Consensus Estimate for ARW's fiscal 2024 revenues is pegged at $27.9 billion, representing a year-over-year decline of 15.73%. The Zacks Consensus Estimate for 2024 earnings is pegged at $10.56 per share, suggesting a year-over-year decline of 38.32%.
Stiff competition from giants like International Business Machines IBM and HashiCorp HCP has driven the stock of the Zacks Rank #5 (Strong Sell) company to a 15.8% growth rate in the Zacks Computer & Technology sector. It's up 6.2% since the beginning of the year.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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Created by HashiCorp, Terraform is a popular open source tool for managing infrastructure using code. It is highly rated among cloud infrastructure and DevOps tools and is the top choice for many users. HashiCorp and Microsoft worked together to develop his Terraform module that aligns with Microsoft's Azure Well-Architected framework and its best practices. Customers can use HashiCorp Terraform and Vault to create, secure, and activate OpenAI applications on Azure.
Arrow Electronics recently announced that it has been selected by Broadcom as the exclusive provider of CloudHealth for VMware services. CloudHealth is designed to help enterprises effectively manage their finances and operations across multiple cloud environments. This partnership is expected to help ARW stay ahead of the competition.
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