Motorola Solutions, Inc.
MSI
has acquired TETRA Ireland Communications Limited, Ireland’s National Digital Radio Service provider, for an undisclosed amount.
TETRA Ireland offers voice and data land mobile radio (LMR) communications to first responders and frontline workers from national security and enforcement agencies, health and emergency services and state utilities. The network is powered by Motorola’s TETRA digital radio technology.
The acquisition underscores Motorola’s plan to expand its Managed & Support Services business globally. Motorola aims to continue providing interoperable communications for Ireland’s emergency and public service agencies.
The Chicago, IL-based company operates networks and security operations centers worldwide. It helps customers to work more effectively across industries. It is likely to benefit from organic growth and acquisitions by entering into alliances with other players in the ecosystem.
The company is witnessing healthy demand trends in video security, command center software and land mobile radio services, while the demand for professional and commercial radio is also on the rise.
As a leading provider of mission-critical communication products and services, Motorola has ensured a steady revenue stream from this niche market.
The stock has gained 23.2% in the past year compared with the
industry
’s growth of 10.9%.
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The company is well-positioned to benefit from solid order trends, holistic growth initiatives and disciplined capital deployment.
MSI currently carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Clearfield, Inc.
CLFD
is a better-ranked stock in the broader Zacks
Computer and Technology
sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 20.5% over the past 60 days.
Clearfield delivered a trailing four-quarter earnings surprise of 50.7%, on average. It has gained 115% in the past year.
Qualcomm, Inc.
QCOM
, carrying a Zacks Rank #2 (Buy), is another solid pick for investors. The consensus estimate for current-year earnings has been revised upward by 12.2% over the past 60 days.
Qualcomm delivered a trailing four-quarter earnings surprise of 12.2%, on average. It has appreciated 20.1% in the past year.
Sierra Wireless, Inc.
SWIR
carries a Zacks Rank #2. The consensus mark for current-year earnings has been revised upward by 237.5% over the past 60 days.
Sierra Wireless pulled off a trailing four-quarter earnings surprise of 58%, on average. The stock has returned 22.1% in the past year.
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