Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

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

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 Stocks on the Move 05/21/2013

Company Name Symbol %Change
SCIENTIFIC L SCIL
8.00%
NATUS MEDICA BABY
6.11%
SUMMER INFAN SUMR
6.02%
RADIANT LOGI RLGT
4.79%
NEW ORIENTAL EDU
4.51%

Harris Wins Major Order

by Zacks Equity Research

August 29, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Harris Corporation ( HRS - Analyst Report ) , a leader in the public safety and professional communication market, has won a long-term National Airspace System Voice Communication (NVS) contract from the Federal Aviation Administration (FAA).

The $291 million contract extends over a period of 15 years and will provide an Internet protocol (IP) network for the FAA based on its Commercial off-the-shelf (COTS) voice communication solution VCS21. The NVS will be installed in air traffic control (ATC) facilities all across the U.S. and will provide secure digital communications for pilots, controllers and ground personnel.

Harris is set to offer network integration and management services and will also provide business continuity planning along with asset sharing.

Recently, Harris declared its fiscal fourth-quarter 2012 financial results with EPS surpassing the Zacks Consensus Estimate. In the reported quarter, Government Communication System segment revenue dipped 0.5% year over year to $497.2 million.

Harris has been providing voice, data and video communication services for National Air Service (NAS). We believe this contract will strengthen the company’s Government Communication System order book as the company continues to benefit from FAA’s initiative to modernize the U.S. air traffic control system with a next generation communication network.

However, slowdown in international as well as national defense expenditures coupled with intense competition from the likes of General Dynamics Corp. ( GD - Analyst Report ) and Motorola Solutions, Inc. ( MSI - Analyst Report ) may set Harris back.

The current Zacks Consensus Estimate for Harris Corp. is pegged at $1.12 for the fiscal first quarter of 2013, with a growth rate estimate of 5.57%. For fiscal years 2013 and 2014, the Zacks Consensus Estimates stand at $5.14 and $5.26, with a growth rate of (1.07%) and 2.17%, respectively.

Recommendation

We maintain our long-term Neutral recommendation on Harris Corp. Currently, HRS has a Zacks #3 Rank, implying a short-term Hold rating on the stock.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.