New purchase should boost sales

Article Excerpt

MOTOROLA SOLUTIONS INC. $139 is a buy. The company (New York symbol MSI; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 175.7 million; Market cap: $24.4 billion; Price-to-sales ratio: 3.0; Dividend yield: 1.8%; TSINetwork Rating: Average; www.motorolasolutions.com) makes communications equipment such as radios for police and fire vehicles, as well as high-definition surveillance systems. The company recently acquired IndigoVision. It’s a U.K.-based maker of video cameras, video management software, encoders and storage devices. Motorola has yet to reveal the purchase price for this business. However, the new operations will help the company take advantage of rising demand from law-enforcement agencies. They’re increasingly looking for high-definition cloud storage for body-camera footage. Motorola Solutions is a buy. buy. …

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.