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Jacobs (J)-NightDragon to Boost Cyber & Intelligence Technology
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Jacobs Engineering Group Inc. (J - Free Report) collaborated with NightDragon to build, co-invest and market a joint cyber, intelligence and digital (CID) ecosystem to provide essential, cutting-edge technologies to global customers. The partnership will boost cyber and intelligence technology innovation for commercial and national security.
The CID ecosystem will bring together joint solutions to address greater cyber and security needs across all five critical domains — land, sea, air, space, and cyber. These solutions will include cybersecurity, satellite, intelligence, critical infrastructure and other essential technologies.
Jacobs’ Critical Mission Solutions or CMS’ senior vice president of Cyber & Intelligence, Caesar Nieves, stated, "The formation of this alliance directly aligns with Jacobs' new strategic growth accelerator around data and creates a foundation to deliver innovative, secure solutions and technologies across multiple domains. We welcome the opportunity to work together to bring the innovation to a joint cyber, intelligence and digital ecosystem of innovation that benefits government and commercial customers for many years to come."
Today's evolving need for new-generation commercial solutions that protect these domains has insisted Jacobs and NightDragon to invest in the CID ecosystem. Both Jacobs and NightDragon have strongholds in the cybersecurity, safety, security and privacy market. Jacobs built a $1-billion business in cyber and intelligence projects in fiscal 2021. Both companies are already working together on six projects.
Solid Project Execution: A Boon
Jacobs has been witnessing accelerating demand for consulting services for infrastructure, water, environment, space, broadband, cybersecurity and life sciences. Efficient project execution has been one of the main characteristics driving Jacobs’ performance over the last few quarters. The company’s solid backlog level is a testimony to the fact.
At first-quarter fiscal 2022-end, it reported a backlog of $28 billion, up 12% year over year. This reflects persistent solid demand for Jacobs' consulting services. CMS backlog grew 11.5% year over year to $10.8 billion at fiscal first quarter-end, which provided a strong visibility into the base business. The company’s overall 18-month qualified new business pipeline of more than $30 billion remains robust. This segment is benefiting from well-funded government programs and cyber, U.S. Department of Defense or DoD, mission-IT, space, nuclear, as well as 5G-related projects.
Image Source: Zacks Investment Research
J’s shares have gained 12.2% in a year compared with the Zacks Engineering - R and D Services industry’s 20.9% rally. Jacobs and other industry players are witnessing labor-related medical costs, IT-related investment costs and other investments expenses.
Fluor Corporation (FLR - Free Report) — a Zacks Rank #1 company — is gaining from the "Building a Better Future" initiative, which is focused on enhancing markets outside the traditional oil and gas sector, fair and balanced commercial deals, financial discipline and high-performing business culture. It made significant progress toward strategic goals that comprise the reduction of outstanding debt by 30% and identified ways for more than $150 million in annual cost savings.
Fluor’s earnings for 2022 are expected to grow 42.6%. FLR’s earnings estimates have increased to $1.34 per share from $1.12 over the past 30 days.
Sterling Construction Company, Inc. (STRL - Free Report) — a Zacks Rank #2 (Buy) company — has been benefiting from broad-based growth across the E-Infrastructure, Building and Transportation solutions segments.
Sterling’s earnings for fiscal 2022 are expected to grow 33%. STRL’s earnings estimates for the year have increased to $2.86 from $2.63 over the past 30 days.
AECOM (ACM - Free Report) — a Zacks Rank #2 company — is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets. ACM has been continuously focusing on delivering industry-leading margins and unlocking capital to promote growth as well as innovation. Also, focus on higher-margin and lower-risk Professional Services businesses bodes well.
AECOM’s earnings for fiscal 2022 are expected to grow 20.6%. AECOM’s earnings estimates for fiscal 2022 have increased to $3.40 from $3.35 over the past 30 days.
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Jacobs (J)-NightDragon to Boost Cyber & Intelligence Technology
Jacobs Engineering Group Inc. (J - Free Report) collaborated with NightDragon to build, co-invest and market a joint cyber, intelligence and digital (CID) ecosystem to provide essential, cutting-edge technologies to global customers. The partnership will boost cyber and intelligence technology innovation for commercial and national security.
The CID ecosystem will bring together joint solutions to address greater cyber and security needs across all five critical domains — land, sea, air, space, and cyber. These solutions will include cybersecurity, satellite, intelligence, critical infrastructure and other essential technologies.
Jacobs’ Critical Mission Solutions or CMS’ senior vice president of Cyber & Intelligence, Caesar Nieves, stated, "The formation of this alliance directly aligns with Jacobs' new strategic growth accelerator around data and creates a foundation to deliver innovative, secure solutions and technologies across multiple domains. We welcome the opportunity to work together to bring the innovation to a joint cyber, intelligence and digital ecosystem of innovation that benefits government and commercial customers for many years to come."
Today's evolving need for new-generation commercial solutions that protect these domains has insisted Jacobs and NightDragon to invest in the CID ecosystem. Both Jacobs and NightDragon have strongholds in the cybersecurity, safety, security and privacy market. Jacobs built a $1-billion business in cyber and intelligence projects in fiscal 2021. Both companies are already working together on six projects.
Solid Project Execution: A Boon
Jacobs has been witnessing accelerating demand for consulting services for infrastructure, water, environment, space, broadband, cybersecurity and life sciences. Efficient project execution has been one of the main characteristics driving Jacobs’ performance over the last few quarters. The company’s solid backlog level is a testimony to the fact.
At first-quarter fiscal 2022-end, it reported a backlog of $28 billion, up 12% year over year. This reflects persistent solid demand for Jacobs' consulting services. CMS backlog grew 11.5% year over year to $10.8 billion at fiscal first quarter-end, which provided a strong visibility into the base business. The company’s overall 18-month qualified new business pipeline of more than $30 billion remains robust. This segment is benefiting from well-funded government programs and cyber, U.S. Department of Defense or DoD, mission-IT, space, nuclear, as well as 5G-related projects.
Image Source: Zacks Investment Research
J’s shares have gained 12.2% in a year compared with the Zacks Engineering - R and D Services industry’s 20.9% rally. Jacobs and other industry players are witnessing labor-related medical costs, IT-related investment costs and other investments expenses.
Zacks Rank & Key Picks
Currently, Jacobs carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Fluor Corporation (FLR - Free Report) — a Zacks Rank #1 company — is gaining from the "Building a Better Future" initiative, which is focused on enhancing markets outside the traditional oil and gas sector, fair and balanced commercial deals, financial discipline and high-performing business culture. It made significant progress toward strategic goals that comprise the reduction of outstanding debt by 30% and identified ways for more than $150 million in annual cost savings.
Fluor’s earnings for 2022 are expected to grow 42.6%. FLR’s earnings estimates have increased to $1.34 per share from $1.12 over the past 30 days.
Sterling Construction Company, Inc. (STRL - Free Report) — a Zacks Rank #2 (Buy) company — has been benefiting from broad-based growth across the E-Infrastructure, Building and Transportation solutions segments.
Sterling’s earnings for fiscal 2022 are expected to grow 33%. STRL’s earnings estimates for the year have increased to $2.86 from $2.63 over the past 30 days.
AECOM (ACM - Free Report) — a Zacks Rank #2 company — is a leading solutions provider for supporting professional, technical and management solutions for diverse industries across end markets. ACM has been continuously focusing on delivering industry-leading margins and unlocking capital to promote growth as well as innovation. Also, focus on higher-margin and lower-risk Professional Services businesses bodes well.
AECOM’s earnings for fiscal 2022 are expected to grow 20.6%. AECOM’s earnings estimates for fiscal 2022 have increased to $3.40 from $3.35 over the past 30 days.