Motorola Solutions, Inc. MSI recently announced that the U.S. Patent and Trademark Office has upheld the validity of two of its patents that were challenged by Hytera Communications Corporation Limited. Hytera is a leading global provider of innovative Professional Mobile Radio communications solutions in China.
In its ruling, the Patent Trial and Appeal Board validated Motorola’s U.S. Patent number 8,116,284 and 6,591,111, which relate to its time-division multiple access and group radio communication system technology, respectively. The favorable decision underscored the strength of Motorola’s IP rights and its relentless pursuit to protect its patents from any infringements and copyright violations.
Last year, an administrative law judge of the U.S. International Trade Commission issued a positive Notice of Initial Determination (ID) regarding its investigation into the patent violation complaint filed by Motorola on Mar 29, 2017 against Hytera. Motorola had accused Hytera of illicitly importing and selling two-way radio equipment and systems and related software and components that infringe four of its patents. Notably, these patents relate to technologies core to the operation of Hytera’s professional and commercial radio products available today.
As part of the ID, the judge found that all four of Motorola’s patents were valid and Hytera has indeed infringed them. Motorola met the legal requirements of showing a “technical domestic industry” on three of the four patents.
In line with the legal proceedings, the judge recommended an exclusion order preventing the import of infringing products into the United States for Motorola’s U.S. Patents No. 7,369,869, 7,729,701 and 8,279,991. Also, a cease-and-desist order preventing the further sale and marketing of certain infringing products imported into the United States was also suggested.
In the past year, shares of Motorola have rallied 38.2%, outperforming the industry’s growth of 18.1%.
Motorola remains poised to gain from robust organic growth, disciplined capital deployment and a favorable global macroeconomic environment. The company expects to record strong demand across land mobile radio products, services and software going forward while benefiting from a solid foundation. Furthermore, Motorola’s competitive position and attractive portfolio for large addressable markets and healthy balance sheet augur well for future growth.
Motorola currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the industry include Harris Corporation HRS, Juniper Networks, Inc. JNPR and Viasat Inc. VSAT, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank(Strong Buy)stocks here.
Harris has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 3%.
Juniper has a long-term earnings growth expectation of 6.2%. It surpassed earnings estimates thrice in the trailing four quarters, the average positive surprise being 15.4%.
Viasat has a long-term earnings growth expectation of 15.3%. It surpassed earnings estimates thrice in the trailing four quarters, the average positive surprise being 161.6%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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
Motorola Solutions, Inc. (MSI) : Free Stock Analysis Report
Viasat Inc. (VSAT) : Free Stock Analysis Report
Harris Corporation (HRS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research