•Harris Corp. (HRS -0.5%) has won $20M in U.S. Army orders for a regional contract in the Middle East and Africa.
•The company received orders from the Army's Communications-Electronics Command in order to modernize defense force radios for several nations in the Middle East and North Africa. The deal includes radios and associated equipment along with support.
•It will use its Single Channel Ground and Airborne Radio System devices, already used as secure voice communications for ground forces in more than 30 countries, to offer mobile command and control in armored vehicles. The system will act as a "force multiplier" for front-line armored vehicles, President Chris Young says.
now the computer systems are ganging up at $5.85
we're going to need a big buyer, or a concerted effort to get over $5.85...hopefully the coming earnings announcement will do it.
we've seen this before. we went through it a couple years ago. you, me, and phil know what happened and it will likely happen again. at that time, not only did the company maintain the dividend, it was increased.
the current price target is $8 and it will move higher over the summer as we get there.
we're going to see earnings increase and then it's going to accelerate because this time we have what we didn't have last time - a little diversification.
in the past, we all know the earnings were very lumpy and because of that, we'd see the extreme fluctuation in the share price. now, having additional revenue streams, we should show better profitability quarter to quarter.
I think it's going to get exciting - not only through the summer, but for the next couple years as well.
We have a squatter who has been sitting with a GTC sell order for 4000 shares at $5.85 for at least the past week. Someone is going to have to take it out before we move higher. It appears that we are stuck in this $5.75-$5.84 range until that happens.
now gone...but it was there for a good 15 or 20 minutes.
when it was best, market maker would step in front of it. very difficult to get any shares at the bid - you place any limit order just above best bid, no matter how small, they step in front of it.
"...and Sept 7.5 calls "
oooh - that's interesting...may have to look into that knowing the way EVOL generally moves over the summer.
yes, I've seen all of the Form 4s and at first it was keeping me away. however, when I looked closer and saw that they were selling the exercised shares, I figured it can't hurt to start picking up shares and more if they go lower. earnings are very strong, and the dividend is solid. what could be bad?
most banks are seeing share price weakness at this time not only because of the Fed dragging their feet on interest rates, but also every year the shares are weak through March and then strengthen through the spring/summer. I expect the same over the coming months.
as far as the options go...they just have to exercise before the expiration date - there is nothing that says they have to immediately sell the shares. So, it might be a smarter move for them to be a little patient and sell over a more extended period of time so they don't pressure the shares lower with their selling.
"Going to take a $1M charge in Q1"
Won't feel any hit on the non-GAAP numbers as it will be excluded.
Summer is generally the time when the shares shine - think we'll see them very strong this year.
actually, it's an even bigger beat - non-GAAP was 14 cents/share which is what comparison vs. estimates utilize.