Motorola (MSI) Boosts NSW Collaboration With Contract Renewal
Motorola Solutions, Inc. MSI has inked a five-year contract extension with New South Wales Telecommunications Authority to enhance the development of its Public Safety Network (PSN). The reliability of voice and data communication, which will enable first responders across the state to always be connected, will be enabled by the AUD $60 million ($41.9 million) contract.
Motorola’s suite of public safety services can be successfully used by the PSN, as it comprises public safety services, which encompass network lifecycle upgrades alongside 24x7 cybersecurity. It also helps keep the critical technology used in missions up-to-date and secure, and enables seamless performance.
NSW Telco Authority considers PSN the most vital and crucial communications network in New South Wales, closest to Australia’s triple-zone emergency hotline. The network has provided New South Wales agencies with important communication during various situations of emergency, such as providing rescue and emergency efforts during the latest devastating floods, the Black Summer bushfires of 2019/20 and other natural calamities. With a wide span of 324,000 square kilometers, it is one of the largest emergency communication networks in the world. Therefore, its enhancement is a vital responsibility bestowed onto Motorola.
Image Source: Zacks Investment Research
The successful integration of CommandCentral Aware software alongside Motorola’s Avigilon Blue-its cloud video security platform has provided public safety agencies to monitor video feeds and camera networks more efficiently with the help of the latest offerings of software-as-a-service.
Motorola’s upgrade will enable NSW Telco Authority with the adaptability to carry out next-generation technologies over time. This will be done by extending the reach of interoperable land mobile radio (LMR) communications to a large userbase with the help of cellular networks and also introduction of converged communication devices. Software upgrades will further enhance the network’s location, vehicle, and personnel protection capabilities.
The stock has gained 5.9% in the past year against the industry’s decline of 5.9%. Motorola currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Tencent Holdings Limited TCEHY 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 12% at present.
Tencent delivered a trailing four-quarter earnings surprise of 11.3%, on average. It has lost 30.7% in the past year.
Clearfield, Inc. CLFD, sporting a Zacks Rank #1, is another solid pick for investors. The consensus estimate for current-year earnings has been revised upward by 13% over the past seven days.
Clearfield delivered a trailing four-quarter earnings surprise of 33.9%, on average. It has appreciated 181.4% in the past year.
Rambus Inc. RMBS, sporting a Zacks Rank #1, is another solid pick for investors. The consensus estimate for Rambus' current-year earnings has been revised upward by 4.5% over the past seven days.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Rambus, Inc. (RMBS) : Free Stock Analysis Report
Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report
Tencent Holding Ltd. (TCEHY) : Free Stock Analysis Report
Clearfield, Inc. (CLFD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
