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Acuity Brands, Inc. AYI, through its accessory Acuity Brands Lighting, chose Silver Spring Networks, Inc. SSNI as its technology and approach partner, to action a new artery lighting arrangement solution.

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Partnership Details

Under the partnership, Acuity Brands will advance and bazaar its DTL-DSN able photocontrol, which will action on a wireless arrangement belvedere managed by Silver Spring Networks. This latest band-aid will accommodate municipalities and account companies with “enhanced functionality and adaptive ascendancy of their LED artery lighting systems.”

Together, Acuity Brands’ DTL DSN able photocontrol and Silver Spring Networks multi-application belvedere will be able to accommodate acute lighting ascendancy and networking to all-embracing lighting operators.

Innovation Continues to Drive Growth

Acuity Brands’ adapted portfolio of avant-garde lighting ascendancy solutions and energy-efficient luminaries are active abundant growth. In acknowledgment to the rapidly alteration bazaar trends, Acuity Brands is always accretion its portfolio of avant-garde lighting ascendancy solutions and energy-efficient luminaries.

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The aggregation is agog about artefact introductions (nLight ECLYPSE, etc.) and accompanying bazaar opportunities. It is important to agenda that LEDs are cardinal the lighting bazaar in a big way. The LED articulation is the fastest growing articulation for lighting.

Sales of LED-based luminaires during the aboriginal nine months of budgetary 2017 accounted for about two-thirds of net sales. This reflects the cogent assimilation of LEDs in the lighting market.

In May 2017, the aggregation appear the admittance of a new Atrius cast in its portfolio of IoT business solutions and Atrius software platform. This software belvedere enables an arrangement of capabilities including calm positioning, asset tracking, amplitude utilization, spatial analytics and activity management. Atrius sales grew 35% in the budgetary third quarter, college than 25% appear aftermost quarter, apery about 13% of sales.

The latest accession is additionally accepted to decidedly accord to all-embracing growth.

Stock Price Movement

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Although Acuity Brands’ shares accept beneath year to date, it outperformed the industry to which it belongs. Positive balance appraisal revisions and an absorbing third division accession optimism. Estimates for the accepted division confused 6.2% up in the aftermost 90 days, while that for the accepted year rose 3.5%. A adapted portfolio of avant-garde lighting ascendancy solutions and energy-efficient luminaries is acceptable to drive growth.

Zacks Rank & Stocks to Consider

Acuity Brands currently a carries a Zacks Rank #3 (Hold).

A few better-ranked stocks in the area accommodate NVR, Inc. NVR, Beazer Homes USA, Inc. BZH and M/I Homes, Inc. MHO.

NVR, a Zacks Rank #1 (Strong Buy) stock, is accepted to attestant 33.9% advance in 2017 earnings. You can see the complete account of today’s Zacks #1 Rank stocks here.

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Beazer and M/I Homes backpack a Zacks Rank #2 (Buy). Beazer surpassed balance in two of the accomplished four quarters, the boilerplate exhausted actuality 103.5%. Full-year 2017 balance for M/I Homes are acceptable to acceleration 37.1%.

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Zacks has aloof appear a Special Report that spotlights this fast-emerging abnormality and 6 tickers for demography advantage of it. If you don’t buy now, you may bang yourself in 2020.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Bang to get this chargeless report Silver Spring Networks, Inc. (SSNI) : Chargeless Banal Analysis Report Acuity Brands Inc (AYI) : Chargeless Banal Analysis Report Beazer Homes USA, Inc. (BZH) : Chargeless Banal Analysis Report NVR, Inc. (NVR) : Chargeless Banal Analysis Report M/I Homes, Inc. (MHO) : Chargeless Banal Analysis Report To apprehend this commodity on Zacks.com bang here.

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