Back to top

Analyst Blog

Harris Corp. (HRS - Analyst Report) recently announced that it has won orders worth $9 million from the U.S. Department of Defense (DoD). Harris will be responsible for the army’s Soldier Radio Waveform (SRW) upgradation.

Application of SRW (an open-standard voice and data waveform) will help to connect battlefield networks with the tactical edge. In order to slash development costs as well as to boost the operation and management of the SRW network, Harris will integrate applications to SRW platform which will make it easier and faster to port the SRW software to a wide range of radios.

Recently, Harris Corp. reported first-quarter 2014 financial results, where the bottom line outpaced the Zacks Consensus Estimate but the top line missed it. Total orders generated during the quarter were worth $1.20 billion. During the quarter, Tactical Radio Communications business contributed $225 million. Total order backlog in the Tactical Radio Communications segment was $664 million

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

Thus, we believe that such contract wins will not only drive the company’s top-line growth but will also consolidate its position against larger industry players.

Other Stocks to Consider

The stocks which are performing better in the similar sector are ShoreTel, Inc. (SHOR - Snapshot Report), Ubiquiti Networks, Inc. (UBNT - Analyst Report) and Motorola Solutions Inc. (MSI - Analyst Report). Both, ShoreTel and Ubiquiti Networks have a Zacks Rank #1 (Strong Buy) while Motorola Solutions has a Zacks Rank #2 (Buy).

Harris Corporation, based in Melbourne, FL, remains one of the leaders in the public safety and professional communication market and boasts products ranging from industry leading multi-band, multi-mode radios, public safety-grade broadband voice, video and data solutions.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%