Collaboration will enhance communication and connectivity in ISO 26262 compliant V2X systems, accelerating innovation for safer and smarter automotive systems and vehicles SAN JOSE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- SmartDV™ Technologies, provider of flexible, highly configurable, customizable semiconductor design IP (intellectual property) and VIP (verification IP), is proud to announce the licensing of its SDIO IP family to RANiX for integration into their V2X (Vehicle-to-Everything) products. Thi ...

V2X (VVX) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.56%. A quarter ago, it was expected that this government services company would post earnings of $0.84 per share when it actually produced earnings of $0.83, delivering a surprise of -1.19%.Over the last four quarters, the c ...

Third Quarter Highlights Record revenue of $1.08 billion, up 8% y/y Indo-Pacific revenue growth of 31% y/y driven by increased demand Operating income of $49.9 million; Adjusted operating income1 of $76.9 million Record net income of $15.1 million, up $21.5 million y/y; Adjusted net income1 of $41.3 million, up 76% y/y Record adjusted EBITDA1 of $82.7 million, up 28% y/y with a margin of 7.6% Diluted EPS of $0.47; Adjusted diluted EPS1 of $1.29, up 77% y/y2024 Guidance: Raising full-year revenue and adjuste ...

Financial Results Announcement - V2X, Inc. will report its third quarter 2024 financial results on November 4, 2024, after market close [1] - A conference call with senior management is scheduled for 4:30 p.m. ET on the same day [1] Conference Call Details - U.S.-based participants can dial in at 877-506-6380, while international participants can call 412-542-4198 [2] - A live webcast and accompanying slide presentation will be available on the V2X website [2] Replay Information - A replay of the conference call will be posted on the V2X website shortly after the call and will be available for one year [3] - Telephonic replay will be available until November 18, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international) with passcode 10193464 [3] Company Overview - V2X builds innovative solutions that integrate physical and digital environments, enhancing readiness and optimizing resource management [4] - The company employs approximately 16,000 professionals and focuses on national security, defense, civilian, and international markets [4] - V2X incorporates AI and machine learning capabilities to address challenges across all operational domains [4]

V2X (VVX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power of a chang ...

Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The "Anti-Collision Sensors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Anti-Collision Sensors was estimated at US$18.0 Billion in 2023 and is projected to reach US$61.0 Billion by 2030, growing at a CAGR of 19.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. As the automotive ...

MCLEAN, Va., Aug. 26, 2024 /PRNewswire/ -- V2X, Inc. (NYSE: VVX) announces that it has been awarded a single award indefinite-delivery/indefinite-quantity contract valued at $747 million. The F-5 aircraft play a crucial role in training naval pilots by providing adversary combat tactics and simulation capabilities. This advanced training environment ensures that pilots are well-prepared for real-world scenarios, enhancing their combat readiness and proficiency. The use of F-5s in an aggressor-training role ...

The company announced the latest cooperation with a client of long standing. Integrated defense company V2X (VVX 3.92%) was a popular title on the stock exchange in recent days. Following its news of a big-ticket government contract, investors flocked to V2X shares. This rocketed their price up by more than 15% week to date as of Friday before market open, according to data compiled by S&P Global Market Intelligence. A new 10-figure contract Wednesday was an exciting day for V2X. That's when the defense com ...

Michael Fitzsimmons In May, I covered V2X (NYSE:VVX) and maintained my buy rating and since then, the stock has gained 11.3%, closing in on my $54 price target. The stock price received a 13.5% push on the 21st of August as the US Army placed a $3.2 billion task order with V2X. In this report, I will be discussing the most recent earnings, outlook and assessing the rating and stock price target. V2X Sales And Earnings Are Slowly Increasing On A Sequential Basis V2X V2X is not a company that develops state-o ...

Group 1: Earnings Performance - V2X reported quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.84 per share, and down from $1.01 per share a year ago, representing an earnings surprise of -1.19% [1] - The company posted revenues of $1.07 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.11%, compared to year-ago revenues of $977.85 million [2] - Over the last four quarters, V2X has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - V2X shares have added about 1.3% since the beginning of the year, underperforming the S&P 500's gain of 8.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $1.06 on $1.05 billion in revenues, and for the current fiscal year, it is $4.09 on $4.17 billion in revenues [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Technology Services sector is currently in the top 40% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - The estimate revisions trend for V2X is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6]