Back to top

Analyst Blog

Jacobs Engineering Group Inc. (JEC - Analyst Report) recently acquired a privately held telecommunications solutions provider, Compass Technology Services, Inc. The financial terms of the deal were not disclosed.

Compass Technology provides network development and complete life cycle solutions for various telecommunication companies, and has been in the business for over a hundred years. Compass is experienced in providing services such as financial rationalization of network benefit, desktop design planning, equipment selection and Fiber splicing.

This strategic move of purchasing Compass will enhance Jacobs' efficiency in the telecommunications infrastructure design and construction. Not only will Jacobs’ product offerings increase, but also the company will become geographically diverse, since Compass has a significant presence in the Southeastern U.S.

Jacobs is flourishing with a lot of contracts under its name. The company functions under a relationship-based model with around 94% of the business achieved through repeat customers in the fiscal second quarter 2013. With the acquisition of Compass, it is expected that the contract count for the company will increase further.

California-based Jacobs is one of the leading providers of professional, technical and construction services to industrial, commercial and governmental clients. The company provides its services through more than 200 offices and subsidiaries located principally in North America, Europe, Asia, and Australia. Jacobs has its headquarters in Pasadena, California, U.S., and the work force consists of approximately 63,400 employees.

Jacobs currently bears a Zacks Rank #3 (Hold). Other stocks to watch out for in the engineering industry are Michael Baker Corporation , carrying a Zacks Rank #1 (Strong Buy); while, Harris & Harris Group, Inc. and Quanta Services, Inc. (PWR - Analyst Report) carry a Zacks Rank #2 (Buy), each.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%