Motorola Solutions Inc
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Information Technology : Communications Equipment | Mid Cap Blend
Company profile

Motorola Solutions, Inc. provides communications and analytics solutions. The Company offers communications, command center software and video security and analytics, supported by managed and support services. Its segments include Products and Systems Integration Segment, and Software and Services Segment. The Products and Systems Integration segment offers a portfolio of devices, including land mobile radio (LMR) handsets, infrastructure and accessories, as well as video security devices and infrastructure. The Products and Systems Integration segment also includes the implementation and integration of systems, devices and applications. The Software and Services segment has Software and Services product lines. Software includes a public safety and enterprise command center software suite, unified communications applications, and video software solutions. Services includes a range of service offerings including repair, technical support and maintenance.

Closing Price
$154.00
Day's Change
2.31 (1.52%)
Bid
--
Ask
--
B/A Size
--
Day's High
154.58
Day's Low
150.15
Volume
(Light)
Volume:
623,996

10-day average volume:
1,089,661
623,996

Spirit Airlines downgraded at Raymond James, citing better risk-reward elsewhere

8:45 am ET May 13, 2020 (MarketWatch)
Print

Spirit Airlines Inc. (SAVE) was downgraded by Raymond James analyst Savanthi Syth, who said that while she believes the discount air carrier is set up well in the current environment, given its low-cost structure, she sees "more compelling risk-reward elsewhere." Syth cut her rating to market perform, after being at outperform since September 2019, and at strong buy before that since at least June 2017. Meanwhile, the stock rose 2.0% in premarket trading, after tumbling 7.3% on Tuesday in the wake of downbeat comments about the industry (http://www.marketwatch.com/story/airline-stocks-take-a-hit-after-boeing-ceo-warns-of-possible-industry-bankruptcy-2020-05-12) from Boeing Co. (BA) Chief Executive David Calhoun. "We continue to expect a slightly slower earnings recovery at Spirit relative to other domestic peers due to its role as a 'spill' airline and still believe, in contrast to some investors, that Spirit will be able to maintain its cost advantage even if it has to pair back operations," Syth wrote in a note to clients. The stock has tumbled 78.8% over the past three months through Tuesday, while the U.S. Global Jets ETF (JETS) has tumbled 60.0% and the S&P 500 has lost 14.9%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 13, 2020 08:45 ET (12:45 GMT)

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