Trimble Up 6.2% YTD: Should You Buy, Hold or Sell the TRMB Stock?

Trimble's (TRMB) shares have returned 6.2% year to date (YTD) compared with the Zacks Internet - Software industry's rise of 12.3% and the broader Zacks Computer & Technology sector's return of 19.9%. TRMB's shares have gained from strong performance in the buildings, infrastructure and transportation segments. The notable increase in Annual Recurring Revenue (ARR) has been a significant positive factor. In second-quarter 2024, recurring software services were 75% of revenues. Overall, recurring revenues we ...