CACI International, Inc. Class A Common Stock (CACI)
386.68
+0.97 (0.25%)
CACI International is a leading provider of information solutions and services to government and commercial clients in the areas of defense, intelligence, and enterprise information systems
The company specializes in delivering advanced technology and software solutions, including cybersecurity, data analytics, and cloud computing, aimed at enhancing the operational capabilities of its clients. CACI also offers a range of consulting and professional services to support mission-critical operations, helping organizations to navigate complex challenges and achieve their objectives effectively. With a focus on innovation and reliability, CACI plays a crucial role in supporting national security and improving public sector performance.
Shares of defense, intelligence, and IT solutions provider CACI International (NYSECACI)
fell 9.1% in the morning session after the company reported fourth-quarter earnings results, with markets increasingly worried that new cost-cutting initiatives by the US government would affect Defense contracts. Although CACI reported a strong quarter with revenue, EBITDA, EPS ahead of Wall Street's expectations as well as a statement that they're well on their way to meet the three-year financial targets unveiled during the November 2024 Investor Day, the market became fearful of the impact of DOGE during the earnings call Q&A session.
Defense, intelligence, and IT solutions provider CACI International (NYSECACI) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 14.5% year on year to $2.1 billion. The company expects the full year’s revenue to be around $8.55 billion, close to analysts’ estimates. Its non-GAAP profit of $5.95 per share was 14.4% above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how defense contractors stocks fared in Q3, starting with CACI (NYSECACI).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Parsons (NYSEPSN) and the rest of the defense contractors stocks fared in Q3.
Let’s dig into the relative performance of Huntington Ingalls (NYSEHII) and its peers as we unravel the now-completed Q3 defense contractors earnings season.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Kratos (NASDAQKTOS) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the defense contractors industry, including Leonardo DRS (NASDAQDRS) and its peers.
Fed chair Powell dropped a big lump of coal in the market’s stocking last week as he reigned in the Fed’s rate cut projections for 2025. While the Fed cut its key benchmark rate by the expected 25 basis points, Powell tempered expectations on future rate cuts based on sticky inflation data and the continued robust spending from American consumers.
