We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Mercury (MRCY) Rides on Award Wins & Expanding Clientele
Read MoreHide Full Article
Mercury Systems (MRCY - Free Report) has outperformed the industry year to date on the back of a strong and expanding customer base. Moreover, efforts to strengthen its portfolio and constantly innovate on existing solutions are boosting customer experience and loyalty.
This is evident from its recent win of Airbus’ Best-In-Class Supplier Award in Equipment & Systems. The company outpaced more than 10,000 suppliers to be recognized for its high quality, innovative solutions that help Airbus meet business goals.
Mercury won the Best Performance award in Equipment & Systems for delivering solutions specifically for the C295 — Airbus’ new generation tactical airlifter. This recognition will improve the company’s visibility as a preferred defense systems and equipment supplier among companies operating in the C4ISR market (Communication, Command & Control, Computers, Intelligence, Surveillance & Reconnaissance, and EW).
Making full use of its technological knowhow and relationship with defense contractors, Mercury is forging ahead in the C4ISR (also referred to C4I) market.
The company’s standing in radio frequency, electronic warfare, radar systems and other critical next-generation defense technology investment areas is accelerating market expansion.
Its modular EnterpriseSeries rackmount servers are preferred by a large number of defense contractors for naval weapon systems. In March this year, the company received a $2.8 million order from a major defense prime contractor.
It recently launched the EnsembleSeries HDS6605 — a powerful, general-purpose processing 6U OpenVPX blade server — enhancing its efforts in electronic warfare and rugged defense.
A strong defense procurement environment is a tailwind for the company. Management noted that the C4I market is growing faster than the overall defense space, which is encouraging the company to increase its stronghold in it.
Moreover, per Zion Market Research, the C4ISR market is expected to witness a CAGR of 3.6% during the period between 2018 and 2024 to hit $127.2 billion globally.
Increasing efforts, continued deal wins and expanding product portfolio position Mercury well to take advantage of the opportunities provided by the growing demand in the C4I market.
Long-term earnings growth rate for j2, Infineon and Cirrus is projected to be 8%, 3.4% and 15%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
Mercury (MRCY) Rides on Award Wins & Expanding Clientele
Mercury Systems (MRCY - Free Report) has outperformed the industry year to date on the back of a strong and expanding customer base. Moreover, efforts to strengthen its portfolio and constantly innovate on existing solutions are boosting customer experience and loyalty.
This is evident from its recent win of Airbus’ Best-In-Class Supplier Award in Equipment & Systems. The company outpaced more than 10,000 suppliers to be recognized for its high quality, innovative solutions that help Airbus meet business goals.
Mercury won the Best Performance award in Equipment & Systems for delivering solutions specifically for the C295 — Airbus’ new generation tactical airlifter. This recognition will improve the company’s visibility as a preferred defense systems and equipment supplier among companies operating in the C4ISR market (Communication, Command & Control, Computers, Intelligence, Surveillance & Reconnaissance, and EW).
Mercury Systems Inc Price and Consensus
Mercury Systems Inc price-consensus-chart | Mercury Systems Inc Quote
Growing Dominance in C4ISR Market
Making full use of its technological knowhow and relationship with defense contractors, Mercury is forging ahead in the C4ISR (also referred to C4I) market.
The company’s standing in radio frequency, electronic warfare, radar systems and other critical next-generation defense technology investment areas is accelerating market expansion.
Its modular EnterpriseSeries rackmount servers are preferred by a large number of defense contractors for naval weapon systems. In March this year, the company received a $2.8 million order from a major defense prime contractor.
It recently launched the EnsembleSeries HDS6605 — a powerful, general-purpose processing 6U OpenVPX blade server — enhancing its efforts in electronic warfare and rugged defense.
A strong defense procurement environment is a tailwind for the company. Management noted that the C4I market is growing faster than the overall defense space, which is encouraging the company to increase its stronghold in it.
Moreover, per Zion Market Research, the C4ISR market is expected to witness a CAGR of 3.6% during the period between 2018 and 2024 to hit $127.2 billion globally.
Increasing efforts, continued deal wins and expanding product portfolio position Mercury well to take advantage of the opportunities provided by the growing demand in the C4I market.
Zacks Rank & Other Stocks to Consider
Mercury currently has a Zacks Rank #2 (Buy).
Few other top-ranked stocks in the broader Computer and Technology sector are j2 Global, Inc. , Infineon Technologies (IFNNY - Free Report) and Cirrus Logic (CRUS - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for j2, Infineon and Cirrus is projected to be 8%, 3.4% and 15%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>