Back to top

Analyst Blog

Harris Corporation (HRS - Analyst Report), a leading supplier of communications equipment and services, has won a multiband tactical radio order worth $21 million from a NATO country.

As per the contract, Harris will deliver Falcon III AN/PRC-117G manpack and AN/PRC-152A handheld radios. This will provide the country’s Special Forces and soldiers with data communications, wideband networking, along with line-of-sight, ground-to-air and tactical satellite voice communications.

Harris’ Falcon III offers high-bandwidth applications like streaming videos, synchronized voice and data feeds, collective chat, and connectivity to protect networks. Recently, the company also received a $36 million order to supply Falcon high-frequency tactical radios to another NATO country.

Harris has already won $234 million worth of tactical radio contracts globally in the past few months. Notably, more than 45,000 radios have been sent to the U.S. Department of Defense and allied forces in more than 15 countries.

In the recently concluded first quarter of fiscal 2014, Harris reported mixed financial results with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. In the reported quarter, the RF Communications segment generated orders worth $348 million of which 65% was from the Tactical Radio Communications unit. Moreover, the total order backlog in the Tactical Radio Communications division amounted to $664 million.

Thus, we believe that Harris’ top line is poised to witness growth on the series of orders received. The company is scheduled to report its second-quarter results on Jan 28, 2014.

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

Other Stocks to consider

Other better-ranked stocks in the wireless equipment industry include Comtech Telecomm. Corp. (CMTL - Snapshot Report), InterDigital, Inc. (IDCC - Snapshot Report) and Nokia Corporation (NOK - Analyst Report). These stocks carry a Zacks Rank #2 (Buy).

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
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%