NEW YORK (
) is trading at unusually high volume Tuesday with 3.9 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.79 (+4.6%) at $41 as of 4:02 p.m. ET.
Harris has a market cap of $4.46 billion and is part of the
industry. Shares are up 8.8% year to date as of the close of trading on Monday.
Harris Corporation, together with its subsidiaries, operates as a communications and information technology company that serves government and commercial markets worldwide. It operates in three segments: RF Communications, Integrated Network Solutions, and Government Communications Systems. The company has a P/E ratio of 9.1, above the average telecommunications industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Harris as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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