FLIR - FLIR Systems Inc.: Current Weakness Represents A Buying Opportunity
FLIR Systems Inc. (NYSE:FLIR) with a market cap of $4.7 billion has established itself as a leader in video and imaging equipment used in the government and defense industry, along with industrial and commercial applications. Despite steady growth over the past decade, earnings have been more volatile given significant R&D investments to maintain its innovative edge. The company recently reported its latest quarterly results which missed expectations leading to a sharp sell-off in the stock price coinciding with the current broader market volatility. We think the pullback now represents a new buying opportunity