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Leidos Holdings Stock: Is LDOS Underperforming the Technology Sector?
Yahoo Finance· 2025-09-18 05:35
Company Overview - Leidos Holdings, Inc. operates as an IT services company, focusing on defense, intelligence, civil, and health markets with a market cap of $23.4 billion [1][2] Stock Performance - Leidos touched its all-time high of $202.90 on Nov. 22, 2024, and is currently trading 9.4% below that peak, with a 23% increase over the past three months, outperforming the Technology Select Sector SPDR Fund's (XLK) 12.5% surge during the same period [3] - Year-to-date, Leidos' stock has gained 27.6% and 19.1% over the past 52 weeks, surpassing XLK's 16.7% gains in 2025 but lagging behind XLK's 23.8% surge over the past year [4] Financial Performance - Following the release of robust Q2 results on Aug. 5, Leidos' stock prices rose 7.5% in the trading session and maintained positive momentum for six subsequent sessions [5] - Q2 revenues increased 2.9% year-over-year to $4.3 billion, exceeding expectations, while non-GAAP EPS soared by 22.1% year-over-year to $3.21, significantly surpassing consensus estimates [5] - Free cash flows increased by 27.7% year-over-year to $457 million, boosting investor confidence [5] Competitive Position - Leidos has significantly outperformed Booz Allen Hamilton Holding Corporation, which experienced a 21.1% decline year-to-date and a 34.7% plunge over the past 52 weeks [6]
花旗:首席信息官调查_宏观情绪恶化,但信息技术预算展望基本未变
花旗· 2025-04-27 03:56
Investment Rating - The report indicates a stable investment outlook for IT budgets, with the US expected to grow by 2.7% and Europe by 2.3% over the next twelve months, despite some downward revisions due to tariff impacts [2][29]. Core Insights - Data modernization and Generative AI (GenAI) have surpassed cybersecurity as the top investment priority for CIOs, reflecting a shift in focus towards analytics and digital transformation projects [3][36]. - The overall macroeconomic sentiment has worsened slightly, with 49% of US respondents expecting a decline in macro conditions, which may impact business services budgeting [10][40]. - CIOs have revised their IT budgets down by an average of 3% due to tariff impacts, with 42% expecting no impact from tariffs on their budgets [24][46]. Sector Summaries Software - Data analytics/GenAI is now the top investment priority, followed by digital transformation projects and customer-facing applications [36][8]. - Spending on public cloud infrastructure is expected to grow by 6.6% over the next twelve months, indicating strong demand driven by GenAI workloads [24][62]. Cybersecurity - Cybersecurity has dropped to the second investment priority, with a projected growth rate of approximately 5.3%, which is still higher than the overall IT budget growth [3][10]. - The emphasis on data analytics/GenAI is expected to benefit cybersecurity vendors that can secure GenAI deployments [11][19]. Communication Services and Infrastructure - Despite tariff uncertainties, the US budget for communication services remains resilient at 2.7%, with opportunities for digital transformation and GenAI adoption [10][23]. - Network infrastructure is expected to be negatively impacted by tariffs, ranking second among categories affected [10][49]. Hardware - Spending on PC storage and networking infrastructure is trending positively, while server spending is declining [27][28]. - A mixed recovery in IT hardware spending is noted, with 53% of respondents not expecting GenAI to impact their hardware budgets [28][91]. European Technology - European CIOs have shown increased caution, with a 3% negative impact on IT budgets due to tariffs, although growth expectations remain stable [24][33]. - Financial software and ERP applications are gaining prioritization, indicating resilience for companies like SAP [24][10]. GenAI Trends - Microsoft is the preferred vendor for GenAI investments, followed by Amazon, OpenAI, and Google, with a notable shift in budget allocation towards these technologies [4][67]. - 54% of CIOs expect GenAI investments to lead to a reduction in overall headcount within the next 1-2 years [26][75].