Arista Networks, Inc. (ANET) , sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.68% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters. It holds a leadership position in 100-gigabit ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. For MSI, shares are up 0.09% over the past ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zack ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...

Company Overview - Motorola Solutions, Inc. is a leading communications equipment manufacturer based in Chicago, IL, with strong market positions in bar code scanning, wireless infrastructure gear, and government communications [12] - The company was formed following the split-off from its parent company Motorola, Inc. on January 4, 2011, and provides services and solutions primarily to government segments and public safety programs, as well as large enterprises and wireless infrastructure service providers [12] Investment Insights - Motorola Solutions has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position in the market [13] - The company has a Momentum Style Score of B, with shares increasing by 4.9% over the past four weeks, suggesting positive momentum [13] - For fiscal 2024, eight analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.32 to $13.04 per share [13] - Motorola Solutions boasts an average earnings surprise of 7.5%, indicating a history of exceeding earnings expectations [13] - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Motorola Solutions is recommended for investors' consideration [14]

The Zacks Wireless Equipment industry is likely to be deterred by large-scale investments for seamless 5G evolution, margin erosion due to escalated price wars, higher customer inventory levels and inflated raw material costs in a challenging macroeconomic environment, prolonged geopolitical conflicts and uncertain business conditions. However, fast-track 5G deployment, transition to cloud and fiber network infrastructure upgrades should help the industry in the long run. Despite short-term headwinds, Qualc ...

BOISE, Idaho, May 21, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), one of the world's largest semiconductor companies and the only U.S.-based manufacturer of memory, today announced a strategic expansion in workforce development initiatives to diversify the semiconductor workforce and build a robust talent pipeline through education and career reentry initiatives. Micron is partnering with GlobalFoundries, the U.S. National Science Foundation (NSF) and additional leaders in industry, gover ...

Motorola Solutions, Inc. (MSI) recently showcased a wide array of groundbreaking solutions at Critical Communications World (CCW) 2024. The latest innovations are engineered to address the requirement of robust communications and security needs for public safety agencies and enterprises. Motorola unveiled the DIMETRA™ Connect solution and MXP660 TETRA radio at CCW. Frontline responders often have to work in challenging locations where efficient collaboration becomes a critical aspect. Emergency situations i ...

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform. The Style Scores are broken down into four categories: For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily ...

Financial Data and Key Metrics - Revenue growth of 10% in Q1 2024, with earnings per share (EPS) growth of 27% and operating margins expanded by 220 basis points [9] - Record Q1 operating cash flow of $382 million, up $390 million year-over-year [9][18] - GAAP operating earnings were $519 million (21.7% of sales), up from 18.4% in the year-ago quarter, while non-GAAP operating earnings were $638 million (26.7% of sales), up 20% year-over-year [13] - GAAP EPS was a loss of $0.23 due to a $585 million charge related to the settlement of Silver Lake convertible notes, while non-GAAP EPS was $2.81, up 27% from $2.22 last year [15][17] - Ending backlog reached a record $14.4 billion, up $331 million year-over-year, driven by strong demand for multiyear Software and Services contracts [24] Business Segment Performance - Products and SI segment revenue grew 14% year-over-year, with operating margins increasing by 590 basis points, driven by strong demand for LMR products like APX NEXT and refreshed PCR portfolio [10][20] - Software and Services revenue grew 4%, but excluding the U.K. Home Office impact, revenue increased double-digits, driven by strong demand for LMR services and software applications in video security and command center [10][22] - Notable wins in Q1 include a $22 million P25 device order, a $16 million LMR order, and a $13 million mobile video order for North Carolina State Highway Patrol [21] Regional Performance - North America Q1 revenue was $1.7 billion, up 13%, driven by strong double-digit growth in both segments [16] - International Q1 revenue was $696 million, up 3%, with growth in video and LMR offset by lower U.K. Home Office revenues due to the Airwave charge control and exit from the ESN contract [16] - Excluding the U.K. Home Office impact, international revenue increased double-digits year-over-year in both segments [16] Company Strategy and Industry Competition - The company raised its full-year revenue and EPS guidance, expecting revenue growth of approximately 7% and non-GAAP EPS between $12.98 and $13.08 [28][29] - Investments in LMR product portfolio are driving revenue growth and margin expansion, with recurring revenues increasing due to strong demand for services [36] - The company is seeing accelerated adoption of cloud offerings, including Rave and Command Center, and is well-positioned for organic and inorganic growth [37] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong start to the year, with robust demand across all technologies and regions, leading to increased guidance for the full year [9][11] - The company expects Q2 sales to grow between 7% and 8%, with non-GAAP EPS between $2.97 and $3.02 [28] - Management remains optimistic about the durability and criticality of mission-critical LMR technology, particularly with the extension of the Airwave contract in the U.K. [57] Other Important Information - The company settled $1.59 billion of Silver Lake convertible notes in cash, eliminating potential dilution and reflecting a favorable negotiated settlement price [15] - S&P and Fitch upgraded the company's credit ratings to BBB, and the company issued $1.3 billion of debt to extend its average debt maturity to over eight years [31][32] - The company acquired Silent Sentinel, a provider of specialized long-range cameras, for $37 million net of cash [19] Q&A Session Summary Question: Video Growth and Cloud Adoption - Video growth was strong in Q1, with cloud adoption estimated to create a $40 million headwind for the full year [43][44] - Software within video is growing faster than the product side, driven by analytics, VMS, and cloud subscriptions [46] Question: LMR Growth Cycle - LMR growth is driven by strong demand for feature-rich devices like APX NEXT, with the company still in the middle of the device refresh cycle [48][50] - Applications like SmartConnect and Smart Programming are driving adoption, with customers embracing blended fleets of APX Original and APX NEXT devices [51][53] Question: Airwave Contract and CMA Situation - The U.K. Home Office extended the Airwave contract through 2029, with the company recording backlog at worst-case charge control rates while contesting the CMA decision [57][58] - No evidence of other managed services customers attempting to reprice contracts globally [60] Question: Ukraine Impact and Command Center Growth - The company maintains a $100 million headwind from reduced business in Ukraine, with no change to the full-year outlook despite the recent aid package [62][63] - Command center growth is expected to be 10% for the full year, with strong adoption of cloud-connected products [64][66] Question: Margin Expansion and Backlog Trends - Q1 margins benefited from lower supply chain costs and customer adoption of feature-rich products, with more margin improvement expected throughout the year [70][71] - Excluding the U.K. Home Office impact, total backlog is up over $500 million, with Software and Services backlog up over $600 million [80] Question: Future Margin Drivers - Future margin expansion will be driven by volume mix, surgical price increases, and disciplined OpEx management, with potential contributions from AI and operational efficiencies [72][77]