Completing two months ahead of schedule, Motorola Solutions, Inc. MSI recently announced that it has deployed a new mobility managed service for Victoria Police in Australia. The solution hinges on facilitating greater situational awareness, safety and productivity of the agency’s frontline officers. The application allows Victoria Police to meet a major goal within its BlueConnect program — Connecting police and the community through technology.
The service, valued at more than A$50 million, will be in operation for a minimum of five years with a possibility of getting extended to 11 years. In addition, Victoria Police are deploying Motorola’s high-resolution, cloud-based Automatic Number Plate Recognition technology for 220 of its highway patrol vehicles. The communications equipment maker also manages the networks that provide Victoria Police with mission-critical radio communications and narrowband data services.
Motorola’s comprehensive, end-to-end managed service helps Victoria Police members to better focus on core policing activities. The service includes device management, support, repair and replacement. Police officers have been given 9,398 mobile devices equipped with smart applications. The technology delivers information to the police in the field while helping to preserve mission-critical radio communications in the hour of need.
Markedly, the solution includes a mobile application developed by Gridstone — the application development firm Motorola purchased in 2016. With the rollout of this technology, Victoria Police’s frontline officers can now have access to data when they need and manage their daily tasks more efficiently.
Being a leading provider of mission-critical communication products and services worldwide, Motorola has ensured a steady revenue source from this niche market. The company aims to bolster its position in the public safety domain by working together with other players in the ecosystem. It is poised to benefit from organic growth and acquisition initiatives, disciplined capital deployment, and favorable global macroeconomic environment.
Motorola expects to witness strong demand across land mobile radio products, services and software. These systems drive demand for additional device sales, and promote software upgrades and infrastructure expansion. The complete suite of services ensures continuity and reduces risks related to critical communications operations.
Owing to increasing market traction of Motorola’s avant-garde product offerings, the stock has rallied 44.8% compared with the industry’s rise of 19% in the year-to-date period.
Motorola currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the industry include Comtech Telecommunications Corp. CMTL, Juniper Networks, Inc. JNPR and Ubiquiti Networks, Inc. UBNT. While Comtech sports a Zacks Rank #1 (Strong Buy), Juniper and Ubiquiti carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech has long-term earnings growth expectation of 5%.
Juniper has long-term earnings growth expectation of 6.2%.
Ubiquiti has long-term earnings growth expectation of 19.8%.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>
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
Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report
Ubiquiti Networks, Inc. (UBNT) : Free Stock Analysis Report
Comtech Telecommunications Corp. (CMTL) : Free Stock Analysis Report
Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research