OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) announced today that its Security division received a multi-year contract valued at approximately $16 million from an international customer to provide maintenance, repair, upgrades and support services for several platforms of cargo, vehicle and baggage inspection systems that are currently deployed at certain customer checkpoints.
OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) announced today that its Security division received a contract valued at approximately $6 million for operation and maintenance services of critical infrastructure facilities. The Company will be responsible for operating and continuing service of the Rapiscan® Systems and AS&E® cargo, vehicle, parcel, and personnel explosive and contraband detection systems.
OSI Systems’ healthcare division, Spacelabs Healthcare, has received an order worth $4 million from a U.S. hospital to provide patient monitoring solutions services. OSI Systems (OSIS), the electronic systems and components manufacturer, said that it would install its Xhibit Central Stations, Qube patient monitoring, and AriaTele telemetry, and provide patient monitoring, telemetry, and other accessories. The company’s CEO Deepak Chopra said, “We are excited to receive this award and look forward to supporting the hospital’s infrastructure expansion.” (See OSI Systems stock analysis on TipRanks). On March 29, Oppenheimer analyst Christopher Glynn said, “We continue to emphasize business model execution runway over the next couple years, anchored by emerging transformative commercial strategies lifting Optoelectronics & Manufacturing (O&M) and Healthcare; plus cyclical recovery at Security paired with strong volume leverage position from restructuring traction.” Overall, the rest of the Street has a bullish outlook on the stock, with a Strong Buy consensus rating based on 3 unanimous Buys. The average analyst price target of $108 implies upside potential of about 11.1% to current levels. Shares have gained about 50.9% in one year. Related News: iCAD Gains Over 9% On Strong 1Q Revenue Projection Maravai’s 1Q Revenue Outlook Misses Estimates; Street Sees Over 34% Upside Phillips 66 Partners Issues 1Q Profit Guidance More recent articles from Smarter Analyst: Digital Realty Opens Its Largest Singapore Data Center Wall Street Roundup: Bullish & Bearish Calls Of The Day ViacomCBS’ VCNI To Buy Chilevision; Street Sees 40% Upside Tyler Snaps Up ReadySub To Strengthen Its School Portfolio