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Motorola (MSI) Secures LMR Contract Expansion From US Navy
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Motorola Solutions, Inc. (MSI - Free Report) has secured a $29 million contract extension from the U.S. Department of Defense to bolster mission-critical communications infrastructure among the first-responder community in the U.S. Navy. The deal reinforces its competitive position in the public safety ecosystem and extends the operations of Land Mobile Radio (LMR) network of the naval community.
The multi-year agreement was originally signed in January 2020. Per the contract, Motorola will be undertaking necessary steps for sustaining Naval Facilities Engineering Command Anti-Terrorism/Force Protection Ashore mobile radio systems globally. The agreement involves state-of-the-art software upgrades and licenses, asset and configuration management and benchmark testing.
Showcasing its adaptability in both military and first responder markets, the Chicago-based company will leverage its much-acclaimed P25 trunked network to strengthen the deployment of LMR communication for easier access, enhanced coverage and stronger security in the Navy. Specifically designed for maintaining synchronized communication between public safety agencies and the Navy’s first responder services, the LMR network is aimed at providing assistance during emergencies like accidents, terrorist attacks, or natural calamities. It ensures secure collaboration between other federal, state and local agencies in the public safety domain for faster and effective responses.
Motorola expects to record strong demand across video security and services, LMR products and related software while benefiting from a solid foundation. These systems drive the demand for additional device sales and promote software upgrades and infrastructure expansion. The comprehensive suite of services ensures continuity and reduces risks related to critical communications operations.
Furthermore, Motorola intends to fortify its position in the public safety domain by entering into alliances with other players in the ecosystem. It remains poised to benefit from organic growth and acquisition initiatives, disciplined capital deployment and a favorable global macroeconomic environment. Its competitive position and an attractive portfolio for a large addressable market augur well for long-term growth.
The stock has gained 47% over the past year compared with the industry’s growth of 19.5%. We remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock.
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A better-ranked stock in the industry is Qualcomm Incorporated (QCOM - Free Report) , carrying a Zacks Rank #2 (Buy). It has a long-term earnings growth expectation of 15.3% and delivered an earnings surprise of 11.2%, on average, in the trailing four quarters.
Earnings estimates for the current year for the stock have moved up 29.7% over the past year, while that for the next fiscal is up 48.1%. Qualcomm is likely to benefit in the long run from solid 5G traction and a surge in demand for essential products that are the building blocks of digital transformation in the cloud economy.
SeaChange delivered an earnings surprise of 37.2%, on average, in the trailing four quarters and has a long-term growth expectation of 10%. Earnings estimates for the current year for the stock have moved up 35.7% since January 2021. Over the past year, SeaChange has gained a modest 55.3%.
Vocera Communications, Inc. sports a Zacks Rank #1. It has a long-term earnings growth expectation of 18% and delivered a stellar earnings surprise of 109.6%, on average, in the trailing four quarters.
Over the past year, Vocera has gained 80.9%. It offers an all-inclusive digital platform for hands-free communication via secure text messaging, alert and alarm management. Leveraging a patent-protected, enterprise-class server software, Vocera provides an advanced clinical rules engine that simultaneously unifies data from multiple sources, prioritizes notifications and sends messages to the right care team members. This, in turn, augments clinical workflow by enabling the interoperability of the solution with a significant number of clinical and operational systems used in hospitals today.
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Motorola (MSI) Secures LMR Contract Expansion From US Navy
Motorola Solutions, Inc. (MSI - Free Report) has secured a $29 million contract extension from the U.S. Department of Defense to bolster mission-critical communications infrastructure among the first-responder community in the U.S. Navy. The deal reinforces its competitive position in the public safety ecosystem and extends the operations of Land Mobile Radio (LMR) network of the naval community.
The multi-year agreement was originally signed in January 2020. Per the contract, Motorola will be undertaking necessary steps for sustaining Naval Facilities Engineering Command Anti-Terrorism/Force Protection Ashore mobile radio systems globally. The agreement involves state-of-the-art software upgrades and licenses, asset and configuration management and benchmark testing.
Showcasing its adaptability in both military and first responder markets, the Chicago-based company will leverage its much-acclaimed P25 trunked network to strengthen the deployment of LMR communication for easier access, enhanced coverage and stronger security in the Navy. Specifically designed for maintaining synchronized communication between public safety agencies and the Navy’s first responder services, the LMR network is aimed at providing assistance during emergencies like accidents, terrorist attacks, or natural calamities. It ensures secure collaboration between other federal, state and local agencies in the public safety domain for faster and effective responses.
Motorola expects to record strong demand across video security and services, LMR products and related software while benefiting from a solid foundation. These systems drive the demand for additional device sales and promote software upgrades and infrastructure expansion. The comprehensive suite of services ensures continuity and reduces risks related to critical communications operations.
Furthermore, Motorola intends to fortify its position in the public safety domain by entering into alliances with other players in the ecosystem. It remains poised to benefit from organic growth and acquisition initiatives, disciplined capital deployment and a favorable global macroeconomic environment. Its competitive position and an attractive portfolio for a large addressable market augur well for long-term growth.
The stock has gained 47% over the past year compared with the industry’s growth of 19.5%. We remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock.
A better-ranked stock in the industry is Qualcomm Incorporated (QCOM - Free Report) , carrying a Zacks Rank #2 (Buy). It has a long-term earnings growth expectation of 15.3% and delivered an earnings surprise of 11.2%, on average, in the trailing four quarters.
Earnings estimates for the current year for the stock have moved up 29.7% over the past year, while that for the next fiscal is up 48.1%. Qualcomm is likely to benefit in the long run from solid 5G traction and a surge in demand for essential products that are the building blocks of digital transformation in the cloud economy.
SeaChange International, Inc. (SEAC - Free Report) , carrying a Zacks Rank #2, is another solid pick for investors. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SeaChange delivered an earnings surprise of 37.2%, on average, in the trailing four quarters and has a long-term growth expectation of 10%. Earnings estimates for the current year for the stock have moved up 35.7% since January 2021. Over the past year, SeaChange has gained a modest 55.3%.
Vocera Communications, Inc. sports a Zacks Rank #1. It has a long-term earnings growth expectation of 18% and delivered a stellar earnings surprise of 109.6%, on average, in the trailing four quarters.
Over the past year, Vocera has gained 80.9%. It offers an all-inclusive digital platform for hands-free communication via secure text messaging, alert and alarm management. Leveraging a patent-protected, enterprise-class server software, Vocera provides an advanced clinical rules engine that simultaneously unifies data from multiple sources, prioritizes notifications and sends messages to the right care team members. This, in turn, augments clinical workflow by enabling the interoperability of the solution with a significant number of clinical and operational systems used in hospitals today.