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Motorola Solutions at 52-Week High on US Deal, Q3 Strength

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Shares of Motorola Solutions Inc.MSI increased 0.65% and touched a 52-week high of $72.97 during Friday's trading session, finally closing at $72.45. Year to date, shares of the company have gained over 8%.

A few days back, Motorola Solutions' board of directors announced a 20% hike in its quarterly cash dividend, raising the payout by 7 cents to 41 cents per share. The company will pay the dividend on Jan 15, 2016, to shareholders of record at the close of business as on Dec 15, 2015.

This month, Motorola Solutions has been selected by a leading mall in the U.S. - Mall of America - for the supply of a digital two-way radio device, MOTOTRBO, for its security staff.

Also, in the third quarter of 2015, Motorola Solutions outpaced the top as well as the bottom line of the Zacks Consensus Estimate. The company's performance in North America in the quarter was encouraging with revenues climbing 5% on the back of higher product and service sales. Such positives are believed to have driven the shares of Motorola Solutions to the new high.

Meanwhile, over the last four quarters, the company surpassed the Zacks Consensus Estimate, with an average beat of 27.5%, including a positive surprise of 16.92% in the previously concluded quarter.

Motorola Solutions presently has a Zacks Rank #2 (Buy). Other favorably ranked stocks in the wireless equipment sector include InterDigital, Inc. IDCC , Fairpoint Communications, Inc. FRP and Juniper Networks Inc. JNPR . Both InterDigital and Fairpoint Communications sport a Zacks Rank #1 (Strong Buy) while Juniper Networks carries a Zacks Rank #2.

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JUNIPER NETWRKS (JNPR): Free Stock Analysis Report

INTERDIGITL INC (IDCC): Free Stock Analysis Report

MOTOROLA SOLUTN (MSI): Free Stock Analysis Report

FAIRPOINT COMM (FRP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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