When looking at the financial performance of CACI International, the company has put up strong top and bottom line growth. Over the last ten years, the company has grown its revenues at a 6.2% CAGR and EBITDA at an 8.2% CAGR. More recently, in the last five years, the company has grown revenues and EBITDA at CAGRs of Founded over 60 years ago, CACI International is a provider of information technology and professional services, catering primarily to government agencies and commercial enterprises. Specializi ...

With this in mind, let's take a look at the following seven growth stocks to hold, and see why each one could keep on winning. Yes, there are some growth stories out there where it may be wise to "take the money and run," as the saying goes. Stocks in sectors like generative artificial intelligence have skyrocketed in value. Perhaps, to an extent where a price correction is inevitable. CACI International (CACI) For instance, in the past year, CACI stock has rallied by more than 24%. Over the past five years ...

What are the Zacks Style Scores? Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. VGM Score Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Prem ...

Economic Indicators - Average hourly earnings increased by 0.3% in June and 3.9% year-over-year, consistent with estimates, while May's figures were 0.4% and 4% respectively [1] - The core personal consumption expenditure (PCE) price index rose by 0.1% month-over-month in May, down from 0.3% in April, with year-over-year core PCE inflation at 2.6% compared to 2.8% in April [2] - The U.S. economy added 206,000 jobs in June, exceeding the consensus estimate of 190,000, but lower than May's 218,000 [5] - The unemployment rate unexpectedly rose to 4.1%, surpassing the consensus estimate of 4%, marking the highest level since October 2021 [6] - The manufacturing purchasing managers' index (PMI) was reported at 48.5% in June, down from 48.7% in May, indicating contraction [7] Interest Rate Expectations - Wall Street participants have become optimistic about potential interest rate cuts by the Fed, with a 78% probability of a 25 basis points cut in September, up from 62% a week prior [4] - Economists are urging the Fed to consider rate cuts to prevent a potential recession, given the recent soft economic data [10] - A lower interest rate environment is expected to benefit growth sectors, particularly technology, which has been a significant driver of the U.S. stock market rally [11][8] Technology Sector Insights - The ongoing tech rally is largely driven by advancements in artificial intelligence (AI), particularly generative AI, with some technology stocks experiencing gains of 100-200% over the past year [9] - Five mid-cap technology stocks have been identified as having strong potential for growth in 2024, with positive earnings estimate revisions in the last 60 days [14] Company Highlights - Paycom Software Inc. (PAYC) is experiencing growth due to new client additions and a focus on cross-selling, with an expected revenue growth of 10.2% for the current year [21][22] - Dropbox Inc. (DBX) offers a content collaboration platform and has an expected revenue growth rate of 1.7% for the current year, with a 5.5% improvement in earnings estimates over the last 60 days [16][17] - Impinj Inc. (PI) operates a cloud connectivity platform and has an expected revenue growth rate of 3.3% for the current year, with a significant 33.8% improvement in earnings estimates [18][25] - CACI International Inc. (CACI) provides technology solutions for national security and government modernization, with an expected revenue growth rate of 15.1% for the current year [19][20] - GitLab Inc. (GTLB) offers a DevOps platform with an expected revenue growth rate of 26.7% and a 70% growth in earnings for the current year [23][24]

Most recently, CACI secured an eight-year contract worth up to $2 billion to provide digital solutions for NASA under the NASA Consolidated Applications and Platform Services ("NCAPS") award. This initiative aims to streamline and centralize 11 IT services across NASA, enhancing efficiency and productivity. The contract expands CACI's partnership with NASA, consolidating more than 200 systems from several NASA locations into a single program. CACI's proven Agile methodologies and user-centric design will dr ...

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for CACI International imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street ...

Within the past quarter, the Zacks Consensus Estimate for CACI's full-year earnings has moved 0.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. On the other hand, Garmin belongs to the Electronics - Miscellaneous Products industry. This 38-stock industry is currently ranked #193. The industry has moved +15.3% year to date. Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. ...

Identifying both promising and cheap stocks to buy is a perpetual challenge for investors. This is especially true in an uncertain market where companies are trading at nearly all-time highs. Goldman Sachs (GS) The stock is currently up 18% YTD, driven by strong first-quarter results and growing optimism on interest rate cuts. In Q1 FY24, revenue increased 16% year over year to $14.21 billion. Earnings per share swelled 32% year over year to $11.58 per share, with strong growth across its investment banking ...

It also includes access to the Zacks Style Scores. Value Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates. Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing ...

The Zacks Computer - Services industry is suffering from macroeconomic challenges, including high interest rates and inflation, which have resulted in an elongated sales cycle, lower conversion rates and delays by customers in making purchase decisions. However, industry participants like CACI International (CACI) and PDF Solutions (PDFS) are riding on the ongoing digital transformation, which is increasing the demand for cloud-enabled software solutions. The rising adoption of digital transformative techni ...