Maxar MAXR recently launched its new SYNTH3D digital twin solution in association with blackshark.ai. The solution will have wide-ranging applications ranging from gaming, metaverse, simulation and virtual reality (VR).

SYNTH3D used Maxar’s Vivid imagery basemap and patented artificial intelligence technology of blackshark.ai to aid users in simulating and visualizing 3D environments of real-world locations. This solution will help developers and creators to create improved 3D digital twins, especially in terms of aesthetics and performance, which are vital to commercial applications, noted Maxar.

The solution is complementary to Maxar’s Precision3D solution. Precision3D solutions aid developers and creators in generating highly accurate visualization of geospecific building heights and facades.

Maxar Technologies Inc. Price and Consensus

Maxar Technologies Inc. price-consensus-chart | Maxar Technologies Inc. Quote

Maxar is scheduled to demonstrate SYNTH3D and Precision3D at Mobile World Congress to be held next week (Feb 27-Mar 3) in Barcelona, Spain.

Maxar is a space technology firm providing satellite imagery, expert intelligence services, along with spacecraft and robotics for space exploration, research and national security. The company’s focus on diversifying its products and customer base bodes well and higher demand for its 3D and other innovative geospatial products.

Maxar recently announced full-year 2022 results. The company reported a net loss per share of $2.03 for 2022 against net income per share of 63 cents in 2021.

The company reported annual revenues of $1,605 million, down 9.3% from the previous year. Weakness in Earth Intelligence and Space Infrastructure segments affected the top-line performance.

In December 2022, Maxar announced that it had entered into an agreement with a private equity investor — Advent International — to be acquired in an all-cash transaction. Advent plans to purchase all outstanding shares of Maxar for $53 per share, representing a premium of about 129% over the company’s closing price of about $23.10 on Dec 15, 2022.

In February 2023, the company announced the expiration of the 60-day "go-shop" period pursuant to the merger terms with Advent. The company noted that it did not get any “competing acquisition proposals” during the "go-shop" period. Maxar noted that the transaction, subject to the regulatory and customary closing conditions and approval by Maxar stockholders, remains on track to close in mid-2023.

Maxar currently carries a Zacks Rank #3 (Hold).

Stocks to Consider

Some better-ranked stocks in the broader technology space are Arista Networks ANET, Perion Network PERI and Pegasystems PEGA, each sporting a Zacks Rank #1 (Strong Buy), presently. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Arista Networks’ 2023 earnings is pegged at $5.76 per share, which has risen 11% in the past 60 days. The long-term earnings growth rate is anticipated to be 14.2%.

Arista Networks’ earnings beat the Zacks Consensus Estimate in all the past four quarters, the average being 14.2%. Shares of ANET have improved 13.2% in the past year.

The Zacks Consensus Estimate for Perion’s 2023 earnings is pegged at $2.69 per share, which has risen 16% in the past 60 days. The long-term earnings growth rate is anticipated to be 25%.

Perion’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 31.7%. Shares of PERI have gained 56.3% in the past year.

The Zacks Consensus Estimate for Pegasystems’ 2023 earnings is pegged at $1.31 per share, rising 111% in the past 60 days.

Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. Shares of PEGA have declined 41.9% in the past year.

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