We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Telos Corporation (TLS) Soars 17.5%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
Telos Corporation (TLS - Free Report) shares rallied 17.5% in the last trading session to close at $9.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 22.6% loss over the past four weeks.
The upswing in Telos share price came after the company revealed that the Transportation Security Administration had granted it the authority to operate its TSA Precheck System. Telos will first initiate a trial enrollment services to a limited population before launching broadly this year. TSA Precheck System is expected to generate significant revenues in 2022.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -80%. Revenues are expected to be $59.93 million, down 14.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Telos Corporation, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TLS going forward to see if this recent jump can turn into more strength down the road.
Telos Corporation belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, CyberArk , closed the last trading session 0.3% higher at $149.52. Over the past month, CYBR has returned -3.9%.
For CyberArk, the consensus EPS estimate for the upcoming report has changed +2.7% over the past month to -$0.20. This represents a change of -233.3% from what the company reported a year ago. CyberArk currently has a Zacks Rank of #2 (Buy).
View the Zacks #1 Rank List
Image: Bigstock
Telos Corporation (TLS) Soars 17.5%: Is Further Upside Left in the Stock?
Telos Corporation (TLS - Free Report) shares rallied 17.5% in the last trading session to close at $9.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 22.6% loss over the past four weeks.
The upswing in Telos share price came after the company revealed that the Transportation Security Administration had granted it the authority to operate its TSA Precheck System. Telos will first initiate a trial enrollment services to a limited population before launching broadly this year. TSA Precheck System is expected to generate significant revenues in 2022.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -80%. Revenues are expected to be $59.93 million, down 14.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Telos Corporation, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TLS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Telos Corporation belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, CyberArk , closed the last trading session 0.3% higher at $149.52. Over the past month, CYBR has returned -3.9%.
For CyberArk, the consensus EPS estimate for the upcoming report has changed +2.7% over the past month to -$0.20. This represents a change of -233.3% from what the company reported a year ago. CyberArk currently has a Zacks Rank of #2 (Buy).