Motorola Solutions Inc logo

MSI - Motorola Solutions Inc News Story

$213.08 -0.9  -0.4%

Last Trade - 6:22pm

Large Cap
Market Cap £25.74bn
Enterprise Value £28.52bn
Revenue £5.41bn
Position in Universe 367th / 6938

BUZZ-Street View: Motorola Solutions' software and services businesses to boost growth

Fri 7th May, 2021 4:04pm
** Communications device maker Motorola Solutions  MSI.N  on
Thursday raised its 2021 outlook and reported a
better-than-expected adj. quarterly earnings, driven by strong
growth in its software and services segment*:nASA024SU
    ** Shares up 5.1% at $197.59
    ** J.P.Morgan ("neutral", PT:$192) says strong growth within
the video, command center, and Land Mobile Radio (LMR) services
businesses will drive MSI's longer-term growth and higher
    ** Citigroup ("buy", PT:$225) believes co's raised forecast
for the second quarter shows MSI is a hidden gem investment
    ** Credit Suisse ("outperform", PT:$204) says MSI continues
to be one of the only providers of a true end-to-end solution
for first responder customers
    ** Adds, co well positioned to benefit from a large video
total available market (TAM) and long-dated service contracts
    ** Raymond James ("outperform", PT:$210) says co's software
segment should now grow more than 20%, landing significant
    ** Jefferies ("buy", PT:$230) says strong Q1 results and
forward guidance reinforce our view that LMR budget concerns are
in the rear-view and Motorola Solutions is executing well on its
TAM expansion plan
    ** Morningstar (Fair Value: $189) believes MSI benefits from
switching costs and intangible assets that should enable it to
maintain its strong return on capital profile for the next

 (Reporting by Siddarth S)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.