CACI International Inc (CACI - Free Report) , a defense and intelligence information technology company, was recently awarded certification for the International Organization for Standardization (ISO) 27001 credential for information security policies and practices. This is the second enterprise-wide ISO credential the company has received. Prior to this, the company was awarded the ISO 900:2015 quality management credential in May.
The ISO 27001 certification is awarded on the basis of an external audit conducted by the ISO. Auditors thoroughly examined every aspect of CACI’s policies and practices. The company’s continuous success in meeting industry standards reflects its commitment to delivering high quality in services and solutions.
This certification will support CACI’s strategy for achieving compliance with the National Institute for Standards and Technology (NIST) Special Publication 800-171. The NIST 800-171 is currently necessary for all Department of Defense (DoD) contracts and is expected to become a government-wide must by 2017. This certification proves the company’s ability to meet the stringent quality standards of the industry and government.
On the back of continuous contract wins, CACI outperformed the Zacks categorized Computer - Services industry with an average return of 22.6% compared with 4.6% for the latter, over a period of 90 days. In addition, over the same time frame, earnings estimates for the current quarter increased 1.4%. This estimate trend was impacted by the company’s organic growth, which looks promising.
A leader in IT outsourcing for the U.S. federal government, CACI earns its revenues through four customer groups: the DoD, Federal Civilian Agencies, Commercial and Other, and State and Local Governments. The company’s DoD customers include the U.S. Army (the largest customer) and the Navy. Meanwhile, federal civilian agencies provide litigation support services to the Department of Justice.
Having the government as one of the biggest clients lends stability to the business and mitigates some of the fluctuations in revenues. Although the government generally has a lengthy approval process, the project continues to earn money years after approval. Moreover, government contracts improve the visibility of future revenue streams.
CACI currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space include CSG Systems International Inc. (CSGS - Free Report) , Ebix Inc. (EBIX - Free Report) and WidePoint Corporation (WYY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CSG Systems has beaten estimates in all the trailing four quarters with an average positive earnings surprise of 24.9%.
Ebix has a long-term earnings growth expectation of 10% and has beaten estimates in all the trailing four quarters with an average positive earnings surprise of 15%.
WidePoint has beaten estimates in all the trailing four quarters with an average positive earnings surprise of 37.5%.
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