We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MSI to Boost Radio Communication System in Australia: Stock to Gain?
Read MoreHide Full Article
Motorola Solutions, Inc. (MSI - Free Report) recently announced that it has inked a long-term agreement with the Department of Justice and Community Safety of the Victorian Government to advance the capabilities of state emergency services with Motorola’s advanced Mobile Radio Network. Motorola already has a strong presence in the region. Since 2005, Victoria’s public safety agencies have been utilizing the Metropolitan Mobile Radio Network (MMR), and it has played an essential role during several crisis situations in the region, such as the 2023 flood crisis and the 2009 Black Saturday bushfires.
The recently signed contract with the Victoria Government is valued at approximately $330 million. Under the deal, Motorola will strengthen the radio communication network and support the state’s first responders for the next 10 years.
Frontline workers and first responders often have to operate in hostile situations. In such time, effective communication becomes a vital component of conducting an efficient operation. Lack of communication severely undermine situational awareness, leading to delayed response and higher risks of accident. Motorola’s robust radio communication solutions promptly address these issues.
Per the new contract, Motorola will boost the coverage and reliability of the existing MMR network. The network will be accessible to multiple state safety agencies, including Victoria State Emergency Service, Fire Rescue Victoria, Ambulance Victoria, Victoria Police and more. Comprehensive availability of the radio service throughout the state will allow multiple agencies to cooperate with each other during critical incidents. Motorola’s operation center and field engineers will offer 24/7 support and services to ensure optimum functionality of the network.
Moreover, Motorola will provide 1600 APX NEXT all-band smart radios in Ambulance Victoria’s regional units. Motorola’s cloud-based service, SmartConnect, will facilitate automatic switching between land mobile radio, WiFi, Satellite and broadband networks. This will significantly bolster agencies’ coverage beyond Motorola’s radio coverage areas. Integration of such advanced features will significantly bolster emergency response services across Victoria state.
Will This Contract Extension Drive MSI’s Share Performance?
As a leading provider of mission-critical communication products and services worldwide, Motorola has ensured a steady revenue stream from this niche market. The communications equipment maker intends to boost its position in the public safety domain by entering into strategic alliances with other players in the ecosystem. Around 13,000 Motorola land mobile radio networks are deployed across 100 countries. Several governments, including Norway, Portugal, Denmark and Austria, have recently renewed their contracts with Motorola for radio communication networks. This growing investment in mission-critical communication networks worldwide augurs well for the company’s long-term growth.
MSI’s Stock Price Movement
The stock has gained 41.5% over the past year against the industry’s growth of 28%.
Image Source: Zacks Investment Research
MSI’s Zacks Rank & Stocks to Consider
Motorola currently carries a Zacks Rank #3 (Hold).
In the last reported quarter, it delivered an earnings surprise of 5.10%. Keysight is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications and rising adoption of driver-assistance systems globally.
InterDigital (IDCC - Free Report) sports a Zacks Rank #1 at present. In the last reported quarter, it delivered an earnings surprise of 158.41%, trailing four quarters.
It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Zillow Group, Inc. (ZG - Free Report) carries a Zacks Rank #2 at present. ZG delivered an earnings surprise of 7.07%, on average, in the trailing four quarters. The company is witnessing solid momentum in rental revenues, driven by growth in multi and single-family listings, which is a positive factor.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
MSI to Boost Radio Communication System in Australia: Stock to Gain?
Motorola Solutions, Inc. (MSI - Free Report) recently announced that it has inked a long-term agreement with the Department of Justice and Community Safety of the Victorian Government to advance the capabilities of state emergency services with Motorola’s advanced Mobile Radio Network. Motorola already has a strong presence in the region. Since 2005, Victoria’s public safety agencies have been utilizing the Metropolitan Mobile Radio Network (MMR), and it has played an essential role during several crisis situations in the region, such as the 2023 flood crisis and the 2009 Black Saturday bushfires.
The recently signed contract with the Victoria Government is valued at approximately $330 million. Under the deal, Motorola will strengthen the radio communication network and support the state’s first responders for the next 10 years.
Frontline workers and first responders often have to operate in hostile situations. In such time, effective communication becomes a vital component of conducting an efficient operation. Lack of communication severely undermine situational awareness, leading to delayed response and higher risks of accident. Motorola’s robust radio communication solutions promptly address these issues.
Per the new contract, Motorola will boost the coverage and reliability of the existing MMR network. The network will be accessible to multiple state safety agencies, including Victoria State Emergency Service, Fire Rescue Victoria, Ambulance Victoria, Victoria Police and more. Comprehensive availability of the radio service throughout the state will allow multiple agencies to cooperate with each other during critical incidents. Motorola’s operation center and field engineers will offer 24/7 support and services to ensure optimum functionality of the network.
Moreover, Motorola will provide 1600 APX NEXT all-band smart radios in Ambulance Victoria’s regional units. Motorola’s cloud-based service, SmartConnect, will facilitate automatic switching between land mobile radio, WiFi, Satellite and broadband networks. This will significantly bolster agencies’ coverage beyond Motorola’s radio coverage areas. Integration of such advanced features will significantly bolster emergency response services across Victoria state.
Will This Contract Extension Drive MSI’s Share Performance?
As a leading provider of mission-critical communication products and services worldwide, Motorola has ensured a steady revenue stream from this niche market. The communications equipment maker intends to boost its position in the public safety domain by entering into strategic alliances with other players in the ecosystem. Around 13,000 Motorola land mobile radio networks are deployed across 100 countries. Several governments, including Norway, Portugal, Denmark and Austria, have recently renewed their contracts with Motorola for radio communication networks. This growing investment in mission-critical communication networks worldwide augurs well for the company’s long-term growth.
MSI’s Stock Price Movement
The stock has gained 41.5% over the past year against the industry’s growth of 28%.
Image Source: Zacks Investment Research
MSI’s Zacks Rank & Stocks to Consider
Motorola currently carries a Zacks Rank #3 (Hold).
Keysight Technologies, Inc. (KEYS - Free Report) has a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last reported quarter, it delivered an earnings surprise of 5.10%. Keysight is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications and rising adoption of driver-assistance systems globally.
InterDigital (IDCC - Free Report) sports a Zacks Rank #1 at present. In the last reported quarter, it delivered an earnings surprise of 158.41%, trailing four quarters.
It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.
Zillow Group, Inc. (ZG - Free Report) carries a Zacks Rank #2 at present. ZG delivered an earnings surprise of 7.07%, on average, in the trailing four quarters. The company is witnessing solid momentum in rental revenues, driven by growth in multi and single-family listings, which is a positive factor.