CACI International Inc.
CACI
recently secured a $557.8-million single-award task order from the United States Department of Defense Information Analysis Center (IAC). The latest contract, which is part of IAC’s Multiple Award Contract (MAC) vehicle, is aimed at the transition of modern digital tools into the U.S. Navy acquisition enterprise for the Navy’s Digital Integration Support Cell (DISC) and Naval Surface Warfare Center (NSWC) Crane.
CACI will provide its support by analyzing, developing, and planning for the digital transition of the Navy’s programs of records into updated technology systems. Leveraging advanced integration capabilities like fusion and analysis capability, hardware conceptualization and proven DevSecOps processes, CACI will conduct the digital transformation to modernize maritime operations.
The Defense department’s IAC MAC vehicle is an Indefinite Delivery Indefinite Quantity that supports research and development and other related services across three domains, namely cybersecurity and information systems, homeland defense and security, and defense systems.
CACI has been winning a record number of deals for a while, reflecting its disciplined business development actions, consistent operational excellence and high customer satisfaction. The reliability provided by CACI’s services makes it a preferred choice among contractors.
CACI International, Inc. Price and Consensus
CACI International, Inc. price-consensus-chart
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CACI International, Inc. Quote
In the last reported quarter, CACI was awarded contracts worth $3.2 billion. Management secured a number of notable deals, including a five-year, single award worth more than $323 million, to continue providing high-end research and development support with an expanded scope of work for a classified customer’s mission objective.
CACI clinched a three-year, single award task order worth $258 million to expand its current enterprise technology support and continue modernizing the financial management efforts and end-to-end business processes at the Defense Agencies Initiative program office.
In the last reported quarter, CACI won another similar contract worth $20 million to build and demonstrate software while providing technology, research, development and innovation for securing command and control of heterogeneous networks to back JADC2 missions.
These back-to-back wins are the key catalysts for CACI, which boasts of a large pipeline of new projects and wins deals at regular intervals. As of Mar 31, 2022, its total backlog was $23.5 billion.
Zacks Rank & Stocks to Consider
CACI currently has Zacks Rank #4 (Sell). Shares of CACI have climbed 4.1% in YTD.
Some better-ranked stocks from the broader
Computer and Technology
sector are
Baidu
BIDU
,
Keysight Technologies
KEYS
and
Synopsys
SNPS
, each sporting a Zacks Rank #1 (Strong Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here
.
The Zacks Consensus Estimate for Baidu’s second-quarter 2022 earnings has been revised 31 cents southward to $1.38 per share over the past 60 days. For 2022, earnings estimates have moved 3 cents north to $8.27 per share in the past 60 days.
Baidu’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have dropped 2.4% in YTD.
The Zacks Consensus Estimate for Keysight’s third-quarter fiscal 2022 earnings has been revised 2 cents northward to $1.78 per share over the past 60 days. For 2023, earnings estimates have moved 5 cents north to $7.16 per share in the past 30 days.
Keysight’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 8%. Shares of KEYS have fallen 31.5% in YTD.
The Zacks Consensus Estimate for Synopsys’ third-quarter fiscal 2022 earnings has been revised 39 cents northward to $1.93 per share over the past 60 days. For 2023, earnings estimates have moved 62 cents up to $9.79 per share in the past 60 days.
Synopsys’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 2.7%. Shares of SNPS have declined 17.8% in YTD.
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