Stock Estimates Record: Harris Corp. (NYSE:HRS)

The shares of Harris Corporation (NYSE:HRS) currently has mean rating of 2.00 while 1 analysts have recommended the shares as “BUY”, 7 recommended as “OUTPERFORM” and 1 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending June-16 is 1.94 billion by 8 analysts. The means estimate of sales for the year ending June-16 is 7.51 billion by 9 analysts.

The mean price target for the shares of Harris Corporation (NYSE:HRS) is at 93.56 while the highest price target suggested by the analysts is 105.00 and low price target is 85.00. The mean price target is calculated keeping in view the consensus of 9 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Harris Corporation (NYSE:HRS) stands at 1.43 while the EPS for the current year is fixed at 5.68 by 9 analysts.

The next one year’s EPS estimate is set at 5.90 by 9 analysts while a year ago the analysts suggested the company’s EPS at 5.68. The analysts also projected the company’s long-term growth at 41.80% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Harris Corporation (NYSE:HRS) reported earnings of $1.45. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 4.30%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 7, 2016 Harris Corporation (NYSE:HRS) announced the world-class team that is bidding to build America’s first nationwide 4G LTE broadband wireless network for public safety. Bringing unmatched technology capabilities in the right areas needed to successfully deliver FirstNet, combined with experience serving the public safety community, the Rivada Mercury team (www.rivadamercury.com) of world class industry leaders include:

• Rivada Networks – A proven innovator with a unique technology and business approach to maximizing the use of spectrum via on-demand capacity sharing, allocation and prioritization.


• Harris Corporation – Brings decades of experience in public-safety communications and mission-critical voice and data communications.


• Ericsson – A global leader in LTE networks and network solutions.


• Nokia – A global leader in LTE networks and network solutions.


• Intel Security – A global authority on enterprise-level network threat detection, protection and prevention.

Fujitsu Network Communications – The primary backhaul design and deployment provider for Rivada Mercury’s purpose-built FirstNet network. The company is also providing supply chain and logistics management, including integration support for this entire network. Fujitsu has been a key partner in Band 14 Early Build projects such as JerseyNet and other early adopters.

Black & Veatch – One of the largest telecom-construction firm in the U.S. and provider of engineering services for building telecommunications infrastructure.

Together, these organizations have proposed to build a nationwide dedicated mission critical LTE network in the 700 MHz spectrum licensed to FirstNet. Rivada Mercury offers a purpose-built, best-of-breed solution that aligns with FirstNet’s vision for a nationwide, interoperable voice and data network for public safety, and offers an innovative business model that ensures long term financial viability of that network. Rivada Mercury is a carrier-neutral, public-safety-first approach that guarantees first responders priority access during emergencies while simultaneously creating new opportunities for the commercial wireless market.

“The Rivada Mercury team is comprised of proven technology companies—each leaders in their field with unmatched technology capabilities and experience serving the public safety community with innovative and forward-leaning solutions,” said Joe Euteneuer, CEO, Rivada Mercury. “Our team’s approach to FirstNet offers many benefits for America’s public safety community, namely we will provide public safety with a purpose-built Band 14 network and immediate turn-key access to the largest non-Band 14 coverage footprint in the U.S.”