FLIR Systems, Inc (FLIR) and Verint Systems Inc. (VRNT) are two plays in the defense analytics space that are showing promise to the long-term investor due to their lower share prices, despite the current challenges in this tech arena, says Jonathan Ho, Analyst at William Blair & Company, L.L.C.
“[FLIR and VRNT] are not cybersecurity companies, but they play more in the defense analytics space. One of the challenges that we see is just lumpiness and difficulty predicting what’s going to happen in some of the technology investments that are being made by the U.S. federal government. Many companies in this area are struggling with budget constraints coming from sequestration and from the continuing resolution of the U.S. defense budget,” Ho said.
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Ho says that while it will be challenging to see growth over the next few years, FLIR and VRNT have the ability to wade through the choppiness and provide value to the long-term investor.
“The share prices of these companies are not overly expensive, and so to a patient investor, these are still good companies. They just need to get through some air pockets in terms of their end market spending environments,” Ho said.
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