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CACI International (CACI) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2024-08-07 22:35
CACI International (CACI) came out with quarterly earnings of $6.61 per share, beating the Zacks Consensus Estimate of $5.90 per share. This compares to earnings of $5.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.03%. A quarter ago, it was expected that this defense contractor would post earnings of $5.52 per share when it actually produced earnings of $5.74, delivering a surprise of 3.99%. Over the last four quarter ...
CACI(CACI) - 2024 Q4 - Annual Results
2024-08-07 20:26
Exhibit 99.1 CACI Reports Results for Its Fiscal 2024 Fourth Quarter and Full Year and Issues Fiscal Year 2025 Guidance Annual revenues of $7.7 billion, up 14% YoY Annual net income of $419.9 million; Diluted EPS of $18.60, up 13% YoY Annual adjusted net income of $475.1 million; Adjusted diluted EPS of $21.05, up 12% YoY Annual EBITDA of $798.0 million and EBITDA margin of 10.4% Annual contract awards of $14.2 billion and book-to-bill of 1.9x Company committed to continued healthy cash flow in Fiscal Year ...
CACI vs. GIB: Which Stock Is the Better Value Option?
ZACKS· 2024-08-01 16:41
Investors interested in Computer - Services stocks are likely familiar with CACI International (CACI) and CGI Group (GIB) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Styl ...
3 Cybersecurity Stocks That Can Outperform in the Next 5 Years
Investor Place· 2024-07-31 18:01
Industry Overview - The cybersecurity sector is expected to experience significant growth over the next decade, driven by the increasing prevalence of cybercrimes, making cybersecurity stocks a compelling long-term investment opportunity [1] - According to McKinsey & Company, the cybersecurity market represents a $2 trillion opportunity, with global spending exceeding $150 billion annually, projected to rise due to the costs associated with data breaches [2] Demand and Market Trends - The demand for cybersecurity solutions is strong, particularly in areas such as cloud security, endpoint security, and threat detection, with global average data breach costs increasing by 10% in 2024 [3] - Organizations are prioritizing cybersecurity in their budgets as they face rising costs from data breaches [3] Company Highlights Check Point Software (CHKP) - Check Point Software is recognized as a leading cybersecurity stock, offering a comprehensive range of solutions including cloud security, endpoint security, and threat detection [4] - The company has over three decades of experience in the cybersecurity industry and has consistently innovated its offerings [5] - Check Point's Infinity Platform provides full-stack cybersecurity solutions, leveraging AI for threat detection, and reported a 7% revenue increase to $627 million, with security subscription revenues rising 14% to $272 million [6][7] Qualys (QLYS) - Qualys specializes in cloud security and compliance solutions, with a market capitalization of approximately $5.5 billion, indicating significant growth potential [8] - The company's TruRisk platform is a leading vulnerability management solution, catering to various customer sizes [8] - Qualys reported a 12% revenue increase to $146 million and a 35% rise in earnings per share to $1.05, demonstrating strong financial performance [9][10] CACI International (CACI) - CACI operates primarily in the intelligence and defense sectors, providing network security and multi-cloud security solutions [11] - The company has a strong relationship with U.S. federal government agencies, leading to consistent revenue and earnings growth [12] - In fiscal Q3 2024, CACI's revenue increased by 11% to $1.94 billion, with earnings per share rising 18% to $5.13, supported by new contract awards totaling $3.5 billion [13]
Strong Buy Alert: 3 Silent Stocks You'll Regret Not Buying in July
Investor Place· 2024-07-23 13:50
The stock market is constantly evolving, with many companies grabbing the headlines in the wake of new innovations. Over the last year, the focus on strong buy stocks tied to artificial intelligence is showing signs of a slowdown. While these companies, in most cases, deserve the spotlight, sometimes it can become a little overblown. Currently, valuations in the technology sector seem unsustainable and create a market imbalance. This can pave the way for a subset of silent stocks that can quietly outperform ...
CACI International: Government Contract Wins Should Accelerate Revenue Growth
Seeking Alpha· 2024-07-21 19:52
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 ...
7 Unstoppable Growth Stocks to Buy and Hold for the Long Haul
Investor Place· 2024-07-10 20:45
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 ...
Here's Why CACI International (CACI) is a Strong Momentum Stock
ZACKS· 2024-07-08 17:47
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 ...
Rate Cut Hope Soars on Soft Economic Data: 5 Mid-Cap Tech Picks
ZACKS· 2024-07-08 13:21
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]
CACI International (CACI) Wins $2B NASA IT Support Services Deal
ZACKS· 2024-06-27 15:50
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 ...