Eutelsat Comms (OTC:ETCMY) Stock, Quote.Headers.trade-ideas

Eutelsat Communications is a French commercial satellite provider with coverage spanning the European continent, the Middle East, Africa, India, and the Americas. It operates a fleet of over 36 satellites serving broadcasters, telecommunications operators, Internet service providers, and government agencies. These satellites are used for video broadcasting, news gathering, broadband services, and data connectivity solutions. Eutelsat generates revenue in Europe, the Americas, the Middle East and North Africa, and Asia.

News

Penny Stocks

Tech

Media

AMZN

ETCMY

TSLA

Eutelsat, OneWeb Brace To Unite To Compete SpaceX: Report

Movers & Shakers

Intraday Update

Markets

Movers

Trading Ideas

General

AAVMY

AEGY

AFOM

ALRM

AMCX

APPB

APYP

ARLP

ASTVF

ATOXF

AVLIF

BGRDF

BKEAF

BLILF

BOCH

BOSC

BRVO

BSAC

BTCS

BYDDY

CDEV

CFPUF

CHLKF

CIRX

CKPT

CLPHF

CPNFF

CTEQF

CTRA

CTST

CUII

CVSI

CVTI

CWGL

CXUS

DNAX

DREAM HOMES & DEV CORP by Dream Homes & Development Corporation

DREM

DRRSF

DRWIQ

EMERALD HEALTH THERAPUTCS by Emerald Health Therapeutics Inc.

EMHTF

ENBL

ENLC

ETRN

EXTN

FRONTERA ENERGY CORP ORD by Frontera Energy Corp

FECCF

FUTURE FARM TECHNOLOGIES by Future Farm Technologies Inc.

FFRMF

FLOOF

FPAFY

GBLTF

GDYMF

GLOP

GMLP

GXOCF

ICNAF

IMMR

IVOB

IWSY

JASN

KOIOS BEVERAGE CORP by Koios Beverage Corp.

KBEVF

KGET

LCUT

LKSD

LNVGY

LORL

LIFE'S TIME CAPSULE SRVS by Life's Time Capsule Services, Inc.

LTCP

MCPH

MIXT

MJARF

MOGU

MRMD

MVVYF

NAPRF

NBEV

NEON

NKRKY

NTGN

NTGR

NVEE

NWSGY

PCCYF

PIEJF

Stocks That Hit 52-Week Lows On Tuesday

EUTELSAT COMMUNS SA S/ADR by Eutelsat Communications

Eutelsat Communications

Citigroup analyst Keith Horowitz maintains Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) with a Neutral and raises the price target from $65 to $70.

Price Target

Analyst Ratings

Citigroup Maintains Neutral on Bank of New York Mellon, Raises Price Target to $70

WIIM

KSPI

Joint Stock Company Kaspi.Kz shares are trading lower after Culper Research issued a report on the company.

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Oncolytics Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCY#NASDAQ">ONCY</a>) with a Buy and maintains $5 price target.

Reiteration

ONCY

HC Wainwright & Co. Reiterates Buy on Oncolytics Biotech, Maintains $5 Price Target

Citigroup analyst Thomas Palmer maintains General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) with a Neutral and lowers the price target from $76 to $75.

Citigroup Maintains Neutral on General Mills, Lowers Price Target to $75

Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) has agreed to a nearly $2 million settlement to address allegations from California prosecutors that the company overcharged customers at checkout due <a href="https://www.benzinga.com/markets/equities/24/09/40915432/home-depot-agrees-to-2m-settlement-in-customer-overcharging-lawsuit">to price discrepancies.</a>
Meanwhile, overbought stocks nearing resistance levels often experience reversals, and Home Depot&#8217;s stock is currently showing these signs. With its share price approaching a key resistance point, it stands out as our Stock of the Day.
Most of the time, a stock stays within its usual or typical trading range. But sometimes, investors and traders can be aggressive and emotional. Their buying can push the stock above this range, which is considered overbought.
This is an important dynamic. It will draw sellers into the market. They will be expecting a reversion to the mean or move lower. Their selling could put pressure on the stock and force it down.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a>
The bottom half of the chart below shows the Relative Strength Index (RSI), a popular momentum indicator. When the blue line crosses above the horizontal red line, it indicates overbought conditions, which is now the case.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="632" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-1024x632.png" alt="" class="wp-image-556556" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-1024x632.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-300x185.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-768x474.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart.png 1177w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The reason resistance often forms at previous levels is rooted in investor psychology, specifically buyer&#8217;s remorse.
There are traders and investors who bought Home Depot when it was at a peak of around $395 in March and came to regret their decision when the stock sold off just after. Some of them vowed to sell their shares if they could get out of the position without losing any money.
As a result, if the stock gets back to their buying price, they will be placing sell orders. And if there are enough of these orders, it will create resistance at the level once again.
Stocks can pull back from resistance due to anxious sellers who fear that others might be willing to sell at a lower price. They understand that buyers will likely turn to those sellers, driving prices down.
So, they reduce the prices at which they are willing to sell. Other anxious sellers see this and do the same thing, resulting in a snowball effect that forces the shares into a downtrend.
The best traders understand psychology. They recognize that resistance often forms at previous peaks due to buyer&#8217;s remorse and that stocks typically pull back from resistance as anxious sellers emerge. This insight enables them to capitalize on these movements and profit.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#8217;s Historic Interest Rate Cut</a></li>
</ul>
Photo: Shutterstock

Technicals

Stock Of The Day: Home Depot Agrees To Settlement, While Overbought Signals Warn Of Potential Sell-Off

Associated Capital Group Shares Resumed Trade

Citigroup analyst Yigal Nochomovitz maintains Applied Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLT#NASDAQ">APLT</a>) with a Buy and raises the price target from $8 to $11.

APLT

Citigroup Maintains Buy on Applied Therapeutics, Raises Price Target to $11

Stifel analyst Brian Chin maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and lowers the price target from $165 to $135.

Stifel Maintains Buy on Micron Technology, Lowers Price Target to $135

FLGC

Flora Growth shares are trading higher after the company announced an expansion in its European presence through a medical marijuana strategic supply agreement.

JMP Securities analyst Nicholas Jones reiterates Xometry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XMTR#NASDAQ">XMTR</a>) with a Market Outperform and maintains $27 price target.

XMTR

JMP Securities Reiterates Market Outperform on Xometry, Maintains $27 Price Target

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced a generative AI-powered personal assistant, codenamed Project Amelia, available in beta starting Thursday for an <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-project-amelia">initial set of U.S. sellers.</a>
The Details: Amazon said Project Amelia provides an all-in-one, generative AI-based "selling expert" available from any page within Seller Central. Sellers can ask Amelia knowledge-based questions to receive personalized answers based on Amazon's best practices. Amelia can also provide sellers with status updates, metrics and sales and traffic data.  
Read Next: <a href="https://www.benzinga.com/fintech/24/09/40928342/what-happened-with-sofi-stock-today">What Happened With SoFi Stock Today?</a>
Amazon said Amelia will soon be able to offer resolution paths to issues and tasks by diagnosing problems and, in some cases, offering to take action on behalf of sellers. Amazon will continue to enhance the core knowledgebase for Project Amelia and build on its features and capabilities.&nbsp;
"As Amelia evolves, it will provide a more personalized experience and will increasingly gain the ability to not only converse with sellers, but anticipate their needs, take actions, and resolve issues on their behalf," Amazon said in a blog post.&nbsp;
Project Amelia was developed using the Amazon Bedrock managed service for building generative AI applications and is available in beta Thursday to an initial set of U.S. sellers. Project Amelia will progressively roll out to additional U.S. sellers in the coming weeks and will begin a phased rollout in additional countries later this year.&nbsp;
AMZN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Amazon shares are up 1.5% at $189.24 at the time of publication Thursday.&nbsp;
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40923038/whats-going-on-with-carnival-stock">What&#8217;s Going On With Carnival Stock?</a></li>
</ul>
Image: Unsplash

Large Cap

Amazon Launches AI Assistant Codenamed 'Project Amelia'

STLD

Shares of steel stocks are trading higher amid a rise in the metal's price after the Fed cut rates by 50 basis points at the FOMC yesterday. On September 13, Senator Casey announced that the United States Trade Representative finalized an increase on Section 301 tariffs.

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) becomes a key <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40927528/microstrategy-raises-875m-in-convertible-notes-plans-further-bitcoin-purchases">asset for corporate treasuries</a>, public companies are increasingly adopting innovative strategies to maximize their Bitcoin holdings.
What Happened: What began with MicroStrategy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) decision to include Bitcoin in its corporate treasury has sparked a wave of similar moves by companies like Cathedra Bitcoin (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBTTF#OTC">CBTTF</a>), Metaplanet and Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>).
The trend is redefining how firms manage their balance sheets and navigate economic uncertainty, <a href="https://www.coindesk.com/business/2024/09/19/maximizing-bitcoin-per-share-a-new-corporate-strategy/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">according</a> to Coindesk.
MicroStrategy, led by Michael Saylor, stands at the forefront of this shift, recently expanding its Bitcoin portfolio to 244,800 coins, valued at nearly $9.45 billion. Saylor's approach, positioning Bitcoin as a hedge against inflation, has sent MicroStrategy's stock soaring—up 295% over the past year. 
The company's continued investments in Bitcoin, including a recent $700 million bond offering to finance more acquisitions, signal a long-term commitment to the cryptocurrency. 
Despite concerns over the stock's mixed technical outlook, Saylor remains bullish, stating that Bitcoin's role in corporate finance will only grow.
MicroStrategy's strategy has paved the way for other companies to follow suit. 
Cathedra Bitcoin, a publicly traded firm on the TSX Venture Exchange, has shifted its focus from Bitcoin mining to managing data centers, aiming to increase its Bitcoin holdings per share. 
As mining becomes more challenging due to Bitcoin halving, Cathedra's new approach allows it to generate sustainable cash flow while continuously acquiring more Bitcoin. 
"Going forward, we will make all capital allocation decisions with the intention of maximizing our shareholders' per-share Bitcoin holdings," the company said in a recent statement.
Metaplanet has taken a similar approach, focusing on growing its Bitcoin reserves month over month. 
The company's strategy has led to a 587% increase in its stock value this year, underscoring the market's positive response to this trend. 
CEO Simon Gerovich emphasized that prioritizing Bitcoin holdings has been a key driver of the company's recent success.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937057/bitcoin-ethereum-etfs-see-over-50m-net-outflows-despite-feds-50-bps-rate-cut">Bitcoin, Ethereum ETFs See Over $50M Net Outflows Despite Fed&#8217;s 50 Bps Rate Cut</a>
Why It Matters: These moves reflect a broader shift toward using Bitcoin not only as a hedge against inflation but as a strategic asset to enhance shareholder value.
Companies like MicroStrategy and Cathedra are now leading the charge in what has been described as the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40776328/microstrategys-bitcoin-strategy-has-outperformed-every-s-p-500-company-and-even-nvidia-sin">"maximize Bitcoin per share" strategy</a>.
This approach focuses on increasing Bitcoin reserves over time, leveraging the cryptocurrency's long-term growth potential.
MicroStrategy has further diversified its strategy by offering convertible bonds backed by Bitcoin collateral. 
These financial instruments, which offer a 1% interest rate, have attracted investors seeking lower-risk exposure to Bitcoin. 
"We're capturing a 50% premium or 50% type BTC yield on that up front," Saylor said, explaining how the bonds allow the company to acquire more Bitcoin while minimizing volatility.
The success of MicroStrategy's strategy has been hard to ignore. 
Since the company adopted Bitcoin in 2020, it has outperformed every company in the S&amp;P 500, achieving an average annual return of 44%. 
Saylor highlighted that even Nvidia, the index's top-performing stock, has been outpaced by MicroStrategy's Bitcoin-focused approach.
However, the strategy is not without risks. 
With mixed technical signals, including a bearish Moving Average Convergence Divergence (MACD) and a neutral Relative Strength Index (RSI), MicroStrategy's stock could face near-term volatility. 
The company's long-term success will depend on the broader adoption of Bitcoin and the potential for Bitcoin ETFs, which could bring the cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40899629/microstrategy-doubles-down-on-bitcoin-can-the-stock-sustain-its-rally">further into the financial mainstream.</a>
As Bitcoin continues to reshape corporate strategies, these developments will be a focal point at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40927528/microstrategy-raises-875m-in-convertible-notes-plans-further-bitcoin-purchases">MicroStrategy Raises $875M In Convertible Notes, Plans Further Bitcoin Purchases</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

CBTTF

MSTR

SMLR

MicroStrategy's Bitcoin Playbook Is Becoming A Hit Among Companies, But There's A Catch

JMP Securities analyst Mitch Germain reiterates Whitestone REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSR#NYSE">WSR</a>) with a Market Outperform and maintains $15 price target.

JMP Securities Reiterates Market Outperform on Whitestone REIT, Maintains $15 Price Target

JP Morgan analyst Anne Samuel maintains Progyny (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) with a Overweight and lowers the price target from $31 to $22.

PGNY

JP Morgan Maintains Overweight on Progyny, Lowers Price Target to $22

Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares are trading higher by 2.57% to $40.64 Thursday morning. Major indexes and several <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">bank stocks</a> are higher after the Federal Reserve cut interest rates by 50 basis points.
Why This Matters: Bank of America, like other large banks, generates a significant portion of its income through its net interest margin, which is the difference between the interest it earns on loans and the interest it pays on deposits. 
While a rate cut might initially lower the income from loans, lower rates can stimulate borrowing, potentially increasing loan demand. BofA could capitalize on this with higher volumes of loans, boosting overall interest income despite the lower rates.
As a major lender, BofA stands to benefit from increased loan origination, particularly in mortgage lending, personal loans and corporate financing. This could improve the company&#8217;s loan portfolio and revenue streams.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a>
What Else: With rate cuts, consumers may also be more inclined to refinance existing debt or take on new debt at favorable rates. BofA could see increased activity in its consumer banking division, including mortgages, auto loans and credit cards. 
Increased consumer spending could also drive higher transaction volumes, which would benefit its wealth management and transaction services divisions. 
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40938804/gamestop-ceo-ryan-cohen-penalized-nearly-1m-over-wells-fargo-share-acquisition">GameStop CEO Ryan Cohen Penalized Nearly $1M Over Wells Fargo Share Acquisition</a>
<h2 class="wp-block-heading">How To Buy BAC Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Bank of America&#8217;s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BAC has a 52-week high of $44.44 and a 52-week low of $24.96.

What's Going On With Bank Of America (BAC) Shares

JP Morgan analyst John Royall maintains World Kinect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WKC#NYSE">WKC</a>) with a Neutral and raises the price target from $29 to $32.

JP Morgan Maintains Neutral on World Kinect, Raises Price Target to $32

JMP Securities analyst Patrick Walravens reiterates Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Market Outperform and maintains $315 price target.

WDAY

JMP Securities Reiterates Market Outperform on Workday, Maintains $315 Price Target

- Reuters Citing Israeli Military Statement&nbsp;

Macro Notification

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Two Israeli Soldiers Killed Near Lebanon Border

JP Morgan analyst Tami Zakaria maintains Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) with a Neutral and raises the price target from $58 to $66.

TRMB

JP Morgan Maintains Neutral on Trimble, Raises Price Target to $66

Chicago-based Motorola Solutions (MSI) will release its fourth-quarter and full-year results on February 8. Given the strong demand for its products and solutions, the company has bolstered its revenue and earnings estimates for fiscal 2023. Therefore, should investors consider buying the stock now? Read on to learn my view… Motorola Solutions, Inc. (<a href="https://stocknews.com/stock/MSI/">MSI</a>) is scheduled to report fourth-quarter and full-year results on February 8. Wall Street expects MSI's revenue and EPS for the quarter to increase year-over-year. In this piece, I have discussed why it could be wise to wait for a better entry point in the stock despite the expected rise in its revenue and earnings.
For the fourth quarter, MSI's EPS and revenue are expected to increase 0.9% and 4.1% year-over-year to $3.63 and $2.82 billion, respectively. The company has a solid earnings history, having beaten the consensus estimate in each of the trailing four quarters.
Post its third quarter results, MSI's Chairman and CEO Greg Brown said, "Q3 was another strong quarter, with record third-quarter revenue, earnings and cash flow. Safety and security have never been more important, and we continue to see robust demand, which drove our record Q3 backlog. As a result, we're again raising our revenue and earnings expectations for the full year."
MSI's revenues in the fourth quarter are expected to be boosted by higher growth in the Products and Systems Integration and Services and Software segments. The company ended the third quarter with a record backlog of $14.30 billion, which is 6% or $764 million higher than the prior-year quarter.
Its Products and Systems Integration segment's backlog was up $62 million or 1%, driven by solid demand in North America. Similarly, the Software and Services segment backlog was up $702 million or 8%, driven by increases in multi-year software and services contracts in North America, partially offset by revenue recognition for the Airwave contract.
For the fourth quarter, the company forecasted revenue growth of approximately 4% over the prior-year quarter. Its non-GAAP EPS is expected to come between $3.60 and $3.65. For the full year 2023, its revenue is expected to now come between $9.930 billion and $9.945 billion, up from the previous guidance of $9.875 billion and $9.900 billion.
The company also revised its fiscal 2023 guidance for non-GAAP EPS from between $11.40 and $11.48 to between $11.65 and $11.70. On December 18, 2023, MSI announced the acquisition of IPVideo, the creator of the HALO Smart Sensor. The acquisition reinforces MSI's commitment to improving safety and security by offering a cost-effective sensor that is easy to deploy and operate for enterprises of all sizes.
MSI's executive VP and CTO Mahesh Saptharishi said, "With its powerful sensor capabilities, HALO extends our end-to-end physical security offering by integrating a non-video threat detection product into our safety and security ecosystem."
Also, during the fourth quarter, MSI unveiled the LTE-enabled V500 body camera, the latest addition to its mobile video portfolio that provides vital real-time field intelligence to emergency response. In addition, its board of directors announced an increase in its regular quarterly dividend by 11% to 98 cents per share, payable on January 12, 2024. The board also approved an increase of $2 billion to its existing share repurchase program.
Other developments during the quarter include the Essex County Fire and Rescue Service choosing MSI's command center technology, including Control Room Solution (CRS), for its call handling and emergency dispatch capabilities. Also, Japan's Narita International Airport expanded the reach and capacity of its mission-critical TETRA communications network with MSI's broadband push-to-talk communication service, WAVE PTX.
The company also notified that Arizona had selected Rave Alert to enable emergency notification and reverse 9-1-1 alerting in its 81 public safety answering points.
MSI's stock has gained 16.7% over the past six months and 26% over the past year to close the last trading session at $325.38.
Here's what you might want to consider ahead of its upcoming earnings release:
Robust Financials
MSI's net sales for the fiscal third quarter ended September 30, 2023, increased 7.7% year-over-year to $2.56 billion. Its net cash provided by operating activities rose 84% over the prior-year quarter to $714 million. The company's free cash flow increased 104.1% year-over-year to $649 million.
Its non-GAAP net earnings attributable to MSI increased 6.4% year-over-year to $547 million. Also, its non-GAAP EPS stood at $3.19, representing an increase of 6.3% year-over-year.
Favorable Analyst Estimates
Analysts expect MSI's EPS and revenue for fiscal 2023 to increase 13.1% and 9.2% year-over-year to $11.72 and $9.95 billion, respectively. Its fiscal 2024 EPS and revenue are expected to increase 8.2% and 5.7% year-over-year to $12.68 and $10.51 billion, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, MSI's 27.76x is 10.9% higher than the 25.05x industry average. Its 2.98x forward non-GAAP <a href="https://www.investopedia.com/terms/p/pegratio.asp">PEG</a> is 45.5% higher than the 2.05x industry average. Likewise, its 21.63x forward EV/EBIT is 6.6% higher than the 20.30x industry average.
High Profitability
In terms of the trailing-12-month EBITDA margin, MSI's 28.60% is 219.3% higher than the 8.96% industry average. Likewise, its 16.65x trailing-12-month levered FCF margin is 98.2% higher than the industry average of 8.40x. Also, its 24.74x trailing-12-month EBIT margin is 427.9% higher than the industry average of 4.69x.
POWR Ratings Reflect Uncertainty
MSI has an overall rating of C, equating to a Neutral in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. MSI has a D grade for Value, consistent with its stretched valuation. It has a B grade for Quality, in sync with its high profitability.
MSI's stock is trading below its 10-day moving average of $326.44 and above its 200-day moving average of $295.04, justifying its C grade for Momentum. Also, it has a C grade for Stability, consistent with its 0.93 beta.
MSI is ranked #13 out of 46 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry. <a href="https://stocknews.com/stock/MSI/">Click here</a> to access MSI's Growth, Stability, and Sentiment ratings.
Bottom Line
MSI expects to end fiscal 2023 on a solid note as it has raised its revenue and earnings estimate for the entire year. The company is seeing strong demand for its mission-critical technologies. It is currently witnessing strong demand for land mobile radio (LMR), video security, and access control hardware.
Despite the solid developments, MSI trades at an expensive valuation. Moreover, given its mixed stability and momentum, it could be wise to wait for a better entry point in the stock.
How Does Motorola Solutions, Inc. (MSI) Stack Up Against Its Peers?
MSI has an overall POWR Rating of C, equating to a Neutral rating. You may check out these A and B-rated stocks within the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry: Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>), Ceragon Networks Ltd. (<a href="https://stocknews.com/stock/CRNT/">CRNT</a>), and Eutelsat Group (<a href="https://stocknews.com/stock/ETCMY/">ETCMY</a>). For exploring more Buy-rated Technology – Communication/Networking stocks, <a href="https://stocknews.com/category/technology-communication-networking/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
MSI shares were unchanged in premarket trading Wednesday. Year-to-date, MSI has gained 3.93%, versus a 4.24% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/msi-gilt-crnt-etcmy-motorola-solutions-msi-quarterly-earnings-what-to-watch-for/>Motorola Solutions (MSI) Quarterly Earnings: What to Watch For</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Motorola Solutions (MSI) Quarterly Earnings: What to Watch For

Eutelsat Group reports 1H results

Eutelsat Communications S.A. (EUTLF) Q2 2023 Earnings Call Transcript

Eutelsat Group signs multi-year, multimillion-dollar agreement with Intelsat

Eutelsat Group (EUTLF) Q3 2024 Sales/ Trading Statement Call

Eutelsat Group reports Q3 results

Eutelsat Group (EUTLF) Q4 2024 Earnings Call Transcript

Eutelsat and Cable Color extend partnership for broadcast services in Latin America

SoftBank partners with Eutelsat to integrate OneWeb LEOsServices into its offerings

SoftBank partners with Eutelsat to integrate OneWeb LEO services into its offerings

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Eutelsat Comms

Eutelsat Comms (ETCMY) Forecast

Eutelsat Comms (OTC:ETCMY) Stock, Quote.Headers.trade-ideas