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Motorola Solutions, Inc. (MSI), headquartered in Chicago, Illinois, is a leading provider of mission-critical communication solutions and services for public safety and enterprise customers worldwide. With a market cap of $73.36 billion, Motorola Solutions plays a vital role in the technology sector, offering a comprehensive range of products and services, including land mobile radio communications, video security and analytics, command center software, and managed and support services.
Companies valued at $10 billion or more are classified as "large-cap" stocks, and Motorola Solutions rightly fits into this category, underscoring its significant scale, stability, and impact within the global technology sector. Motorola Solutions continues to drive innovation and deliver value to public safety and enterprise clients worldwide.
MSI shares are trading 2% below their 52-week high of $448.98, which they hit on Sep. 3. The stock has gained 15.9% over the past three months, outperforming the broader S&P 500 Index ($SPX), which has gained 3.2% over the same time frame.
In the longer term, MSI is up 40.5% on a YTD basis, and the shares have gained 56.4% over the past 52 weeks. In comparison, the SPX has gained 17.3% in 2024 and rallied 25.4% over the past year.
To confirm its bullish trend, MSI has been trading above its 50-day moving average since early February and the 200-day moving average since late October 2023.
MSI stock rose 2.9% following the release of its Q2 earnings report on Aug. 1 due to generating record-high quarterly sales and operating earnings. The company reported a profit of $443 million, or $3.24 per share, surpassing Wall Street expectations of $3.01 per share. Also, its revenue came in at $2.63 billion, exceeding the analysts’ expectation of $2.59 billion. The company expects full-year earnings in the range of $13.22 to $13.30 per share.
Highlighting the contrast in performance, MSI's competitor, Analog Devices, Inc. (ADI), has underperformed both the stock and the broader index. ADI has gained 11.6% on a YTD basis.
Given the stock's strong recent price performance, analysts are moderately optimistic about MSI's prospects. The stock has a consensus rating of "Moderate Buy" from 11 analysts in coverage. The mean price target of $449.62 reflects a 2.2% premium over current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
