Motorola Solutions is a Good Stock to Own for 2022, Here’s Why

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“With 911 Datamaster’s technology, we continue to enhance our integrated command center software suite that is trusted by agencies across North America to manage their operations with greater efficiency, accuracy, and safety,” said Mahesh Saptharishi, executive vice president and chief technology officer, Motorola Solutions. The stock hit its 52-week high of $266.86 on the same day. In November, the company acquired Envysion, Inc., a leading provider of enterprise video security and business analytics solutions for the quick-service restaurant and retail industries.

MSI posted double-digit revenue and earnings growth in its last reported quarter, despite struggling with several supply chain issues and cost pressures over the quarter. Furthermore, demand for its products and services has been robust, and the company ended the quarter with a solid backlog position. MSI reported a record $11.4 billion backlog, up 7%, from the prior-year quarter, primarily driven by a 24% rise in products and systems Integration segment backlog. The growth was mainly due to strong LMR demand, and the company expects demand for its products to outpace its supply for the remainder of 2021.

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