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CACI-Yubico Team Up For Multi-Factor Authentication Solutions

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CACI International (CACI - Free Report) recently announced that it has signed a partnership with the Palo Alto, CA-based network & security company, Yubico, through a memorandum of understanding. Per the deal, Yubico will provide multi-factor authentication (“MFA”) solutions to CACI with one of its core inventions, the Yubikey 5 FIPS Series.

YubiKey 5 FIPS Series solutions are multi-protocol security keys enabling strong two-factor, multi-factor and passwordless authentication. With a simple plug in, Yubikey eliminates account takeovers by providing strong phishing defense using multi-protocol capabilities that can secure legacy and modern systems.

YubiKey 5 FIPS Series’ range of protocols includes One-Time Password, Universal Second Factor (U2F), Fast Identity Online 2/Web Authentication (FIDO2/WebAuthn), Open-source Pretty Good Privacy (OpenPGP), and a Personal Identity Verification-compatible Smart Card. It supports Windows and Mac login, Gmail, Dropbox, Facebook, Salesforce, Duo, and other services.

This MFA tool can help enhance CACI’s security and authentication protocols for its trusted mobile platforms that enable secure and resilient communications for U.S. government security missions.

CACI secured several notable contracts in its last-reported quarter. These include a five-year, $209-million single-award contract by one of the armed services to continue to provide agile development, systems integration, and cloud migration for accounting and financial management systems.

CACI was awarded a five-year task order worth $54 million to provide mission expertise for supporting the customer in the areas of mathematical, statistical, engineering, physical, and life sciences analysis, and program management. Further, it won a prime contract position in all 10 pools on the General Services Administration ASTRO indefinite delivery/indefinite quantity contract.

Back-to-back contract wins are key catalysts driving the success of CACI. It has a large pipeline of new projects and continues to win deals at regular intervals. However, as of Sep 30, 2021, its total backlog was $23.9 billion.

Zacks Rank & Stocks to Consider

CACI currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arrow Electronics (ARW - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and Advanced Micro Devices (AMD - Free Report) and Qualcomm (QCOM - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Arrow’s Zacks Consensus Estimate for fourth-quarter fiscal 2021 earnings has been raised to $4.42 per share from $3.85 in the past 60 days. For fiscal 2021, earnings estimates have moved north by 8.1% to $14.6 per share over the past 60 days.

Earnings of Arrow beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.6%. Shares of ARW have appreciated 29.1% Year-To-Date (“YTD”).

The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 60 days. For 2021, earnings estimates have moved north by 1 cent to $2.64 per share in the last 60 days.

Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 50.6% in the YTD period.

The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been raised to $3.01 per share from $3 in the past 30 days. For fiscal 2022, earnings estimates have been revised upward by 1.5% to $10.49 per share in the past 30 days.

Qualcomm’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM have gained 19.6% YTD.

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