Why CACI International and Other Defense IT Stocks Fell Today
CACI(CACI) The Motley Fool·2025-01-23 17:56Government IT investors have been on edge since the U.S. election and the subsequent announcement of the waste-cutting initiative that Donald Trump calls the Department of Government Efficiency (DOGE)This earnings season provides sector leaders a platform to comment on the potential impact, and an initial attempt to do so appears not to have provided much comfort.Shares of CACI International (CACI -5.25%) traded down as much as 10% on Thursday morning following the company's earnings release, and were down ...