Motorola Solutions Inc logo

MSI - Motorola Solutions Inc News Story

$213.08 -0.9  -0.4%

Last Trade - 6:22pm

Sector
Technology
Size
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  urn:newsml:reuters.com:*:nASA024SU
    ** Shares up 5.1% at $197.59
    
    A HIDDEN GEM
    
    ** 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
margins
    ** 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
customers
    ** 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
decade
    



 (Reporting by Siddarth S)
 ((Siddarth.s@thomsonreuters.com;))
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