Symbol | Price | $Change | %Change | Market Cap |
---|---|---|---|---|
ANGL | 26.62 | 0.00 | 0.00% | NA |
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Company Name | Symbol | %Change |
---|---|---|
COMMAND CENT | CCNI | 9.72% |
P L C SYSTEM | PLCSF | 9.36% |
HAVERTY FURN | HVT | 5.81% |
BIOSPECIFICS | BSTC | 5.37% |
1ST CENTURY | FCTY | 5.17% |
Please login to Zacks.com or register to post a comment.
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P; 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Recently, Harris Corp. (HRS - Analyst Report) received a major contract to supply tactical area communications system for the border security program of Brazil. Harris will work with SAVIS Tecnologia e Sistemas S/A for modernizing 650 kilometers of border area in the western part of Brazil. This will be the largest border security program in Latin America. However, the financial term of the contract is yet to be disclosed.
Harris’ tactical communications system portfolio includes its industry-leading Falcom III 7800 tactical radio family. Earlier, Harris was selected as one of the 20 contractors to compete for work under the Global Tactical Advanced Communications Systems contract initiated by the U.S. Army’s Program Executive Office-Command Communications and Control. The total value of the contract is $10 billion over a 5-year period to supply advanced communications technologies such as, wireless networking and tactical satellite communications.
We believe that this Brazilian contract is extremely valuable for Harris, especially under current circumstances. The companyis suffering from tightness in the U.S. government spending for defense coupled with a slowdown in international defense expenditures. The reduction in budget spending resulted in delays in tactical radio procurements coupled with the growing concern that major tactical radio orders from international markets will be postponed to later this fiscal or early in the next. We believe that the ongoing defense budget contraction will continue to affect Harris in the long run.
To cope up with this juncture, Harris has decided on reducing expenses and headcount. These cost-control measures will result in $65 million to $115 million pre-tax charges but annual cost savings of $40 million to $50 million. Harris currently has a Zacks Rank #4 (Sell).
Other Stocks to Consider
While we prefer to avoid Harris until we see signs of improvement in the company's performance,otherstocks in this industry that are worth considering include ShorTel Inc. (SHOR - Snapshot Report), Ubiquiti Networks Inc. (UBNT - Snapshot Report) and InterDigital Inc. (IDCC - Snapshot Report). While ShorTel and Ubiquiti currently have a Zacks Rank #1 (Strong Buy), InterDigital has a Zacks Rank #2 (Buy).
Get the full Analyst Report on HRS - FREE
Get the full Snapshot Report on UBNT - FREE
Get the full Snapshot Report on IDCC - FREE
Get the full Snapshot Report on SHOR - FREE