CACI International Inc. CACI won a multi-million contract from the U.S. Army Communications-Electronics Research, Development, and Engineering Center’s (CERDEC) Flight Activity (CFA) to provide systems engineering support.
This follows two recent task order wins worth $29.8 million last week, per which CACI will deliver legal support services to the U.S. Securities and Exchange Commission ("SEC"). Per the task orders, CACI will support the investigation of possible violations of securities laws in the SEC’s Division of Enforcement, the Office of Compliance Inspections and Examinations, and the Office of the Investor Advocate.
The U.S. Army contract will leverage CACI’s validated capabilities, operational sophistication, and experience in signals intelligence, thus enhancing the U.S. Army’s capability to react promptly for airborne C4ISR solutions in a cost-effective manner.
Apart from strengthening its foothold and scope of work for the U.S. Army, the contract win further expands CACI’s operations in the Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) space.
Just a few days back, the company reiterated its guidance for fiscal 2015. CACI continues to expect fiscal 2015 revenues in the range of $3,300 million – $3,350 million and net income in the range of $125 million to $130 million. Earnings per share are expected to lie in the range of $5.12 – $5.33. The Zacks Consensus Estimate for fiscal 2015 presently stands at $5.19.
The company also provided its initial guidance for fiscal 2016. CACI anticipates net income of $130 million to $140 million on revenues of $3,300 million – $3,500 million. Earnings per share for fiscal 2016 are expected in the range of $5.24 – $5.65, while the Zacks Consensus Estimate for the year stands at $5.40. The improved outlook reflects optimism due to successful restructuring of the organization and meticulous execution of operational strategy, coupled with an improved cost structure and record amount of new business awards received in fiscal 2015.
CACI currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the computer services industry include Lionbridge Technologies Inc LIOX, NCI, Inc. NCIT and Ebix Inc. EBIX, each carrying a Zacks Rank #1 (Strong Buy).
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