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.
CACI International (CACI) to Support Army's C5ISR Program
Read MoreHide Full Article
CACI International (CACI - Free Report) recently secured a contract from the U.S. Army. Per the contract, CACI will provide software and systems to support the U.S. Army Combat Capabilities Development Command in modernizing the army’s command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) program.
The contract will run over the next five years and has a maximum ceiling value of $420 million. Per the terms of the deal, CACI will provide engineering support to counter growing multi and cross-domain threats and protect U.S. forces from commercial threats in the aerial, ground, subterranean, sea and undersea domains.
The company has been benefiting from new business wins from the U.S. Army, NASA, National Geospatial-Intelligence Agency (“NGA”) and DARPA. In late October 2023, CACI secured the exclusive contract for a four-year period to provide ongoing assistance to NASA's Johnson Space Center through an indefinite delivery-indefinite quantity agreement. This agreement has a maximum value of $150 million and is set to support NASA's spaceflight systems, simulation and software needs.
Earlier to that (in the same month), it secured a contract from the U.S. Air Force Research Laboratory (“AFRL”). The contract will run over the next five years and has a maximum ceiling value of $917 million. Per the terms of the deal, CACI will implement agile and adaptable processes to develop mission software and data analysis capabilities to advance and modernize AFRL’s C5ISR programs.
The company has recently implemented the U.S. Army Integrated Personnel and Pay System, including more than 1 million U.S. soldiers, with 800,000 logins and a daily user base of 100,000.
Additionally, CACI's longstanding partner, NGA, has started using its Sapphire imagery analytics platform and another AI-powered solution named Feature Trace. Furthermore, the company deployed 16 Optical Communications Terminals above DARPA Blackjack Satellites.
These back-to-back wins are the key catalysts for the company, which boasts a large pipeline of new projects and wins deals at regular intervals. In the first quarter of fiscal 2024, this currently Zacks Rank #3 (Hold) company won contracts worth $3.1 billion and ended the quarter with a total backlog of $26.7 billion.
CACI benefits from the government being one of its biggest clients. The company’s association with the government lends stability to its business and moderates revenue fluctuations.
Stocks to Consider
Some better-ranked stocks from the broader technology sector are Intel Corporation (INTC - Free Report) , Aspen Technology, Inc. and Datadog, Inc. (DDOG - Free Report) . Intel sports a Zacks Rank #1 (Strong Buy) at present, while both Aspen and Datadog carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Intel’s fourth-quarter 2023 earnings has moved up a penny to 44 cents per share in the past 60 days. The consensus estimate for 2023 earnings has increased 55.7% to 95 cents in the past 60 days.
Intel's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 136.3%. Shares of INTC have risen 66.8% year to date (YTD).
The Zacks Consensus Estimate for Aspen's second-quarter fiscal 2024 earnings has moved north 14 cents to $1.49 per share in the past 60 days. The consensus estimate for fiscal 2024 earnings has increased 5 cents to $6.63 per share in the past 60 days.
Aspen's earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average negative surprise of 32.3%. Shares of AZPN have lost 5.2% YTD.
The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. The consensus estimate for 2023 earnings has increased 2 cents to $1.53 per share in the past 30 days.
DDOG’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 28.6%. Datadog’s shares have rallied 56.3% YTD.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CACI International (CACI) to Support Army's C5ISR Program
CACI International (CACI - Free Report) recently secured a contract from the U.S. Army. Per the contract, CACI will provide software and systems to support the U.S. Army Combat Capabilities Development Command in modernizing the army’s command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance (C5ISR) program.
The contract will run over the next five years and has a maximum ceiling value of $420 million. Per the terms of the deal, CACI will provide engineering support to counter growing multi and cross-domain threats and protect U.S. forces from commercial threats in the aerial, ground, subterranean, sea and undersea domains.
The company has been benefiting from new business wins from the U.S. Army, NASA, National Geospatial-Intelligence Agency (“NGA”) and DARPA. In late October 2023, CACI secured the exclusive contract for a four-year period to provide ongoing assistance to NASA's Johnson Space Center through an indefinite delivery-indefinite quantity agreement. This agreement has a maximum value of $150 million and is set to support NASA's spaceflight systems, simulation and software needs.
CACI International, Inc. Price and Consensus
CACI International, Inc. price-consensus-chart | CACI International, Inc. Quote
Earlier to that (in the same month), it secured a contract from the U.S. Air Force Research Laboratory (“AFRL”). The contract will run over the next five years and has a maximum ceiling value of $917 million. Per the terms of the deal, CACI will implement agile and adaptable processes to develop mission software and data analysis capabilities to advance and modernize AFRL’s C5ISR programs.
The company has recently implemented the U.S. Army Integrated Personnel and Pay System, including more than 1 million U.S. soldiers, with 800,000 logins and a daily user base of 100,000.
Additionally, CACI's longstanding partner, NGA, has started using its Sapphire imagery analytics platform and another AI-powered solution named Feature Trace. Furthermore, the company deployed 16 Optical Communications Terminals above DARPA Blackjack Satellites.
These back-to-back wins are the key catalysts for the company, which boasts a large pipeline of new projects and wins deals at regular intervals. In the first quarter of fiscal 2024, this currently Zacks Rank #3 (Hold) company won contracts worth $3.1 billion and ended the quarter with a total backlog of $26.7 billion.
CACI benefits from the government being one of its biggest clients. The company’s association with the government lends stability to its business and moderates revenue fluctuations.
Stocks to Consider
Some better-ranked stocks from the broader technology sector are Intel Corporation (INTC - Free Report) , Aspen Technology, Inc. and Datadog, Inc. (DDOG - Free Report) . Intel sports a Zacks Rank #1 (Strong Buy) at present, while both Aspen and Datadog carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Intel’s fourth-quarter 2023 earnings has moved up a penny to 44 cents per share in the past 60 days. The consensus estimate for 2023 earnings has increased 55.7% to 95 cents in the past 60 days.
Intel's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 136.3%. Shares of INTC have risen 66.8% year to date (YTD).
The Zacks Consensus Estimate for Aspen's second-quarter fiscal 2024 earnings has moved north 14 cents to $1.49 per share in the past 60 days. The consensus estimate for fiscal 2024 earnings has increased 5 cents to $6.63 per share in the past 60 days.
Aspen's earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average negative surprise of 32.3%. Shares of AZPN have lost 5.2% YTD.
The Zacks Consensus Estimate for Datadog's fourth-quarter 2023 earnings has moved north 9 cents to 43 cents per share in the past 60 days. The consensus estimate for 2023 earnings has increased 2 cents to $1.53 per share in the past 30 days.
DDOG’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 28.6%. Datadog’s shares have rallied 56.3% YTD.