Stock price when the opinion was issued
Today, the company's more about keeping the city safe and connected. 2/3 of company revenue comes from radios, video surveillance, and central-hardware systems. Rest comes from the software side with long-term contracts, strong profit margins, and reliable cashflow. Likes this recurring revenue.
Recent acquisition brings in advanced wireless tech, expanding reach into higher-growth areas such as defense and automation. Q1 earnings beat, raised guidance for 2025. Huge backlog. Margins expanding. Steady earnings growth ahead despite tariff noise. Will be volatile, but upside potential of almost 20%. Yield is 1.03%.
Owns share in company and will continue to hold.
Legacy business of radio support is valuable (emergency services etc.)
Public safety (security cameras etc.) segment of business also valuable.
Expecting further growth in revenues.
Current share price high, but worth owning.