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Stock Market & Financial Investment News

News Breaks
April 3, 2014
09:04 EDTCACICACI International weakness a buying opportunity, says Cowen
Cowen would use any weakness in CACI International to add to positions. The firm noted its lowered guidance but expects bookings to lift in the June and September quarters. Cowen reiterated CACI as a top pick and maintains its Outperform rating and $90 price target.
News For CACI From The Last 14 Days
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September 30, 2014
18:07 EDTCACIAmerican Science & Engineering lower after guiding to Q2 net loss
Shares of American Science & Engineering (ASEI), a manufacturer of X-ray inspection and other detection products for homeland security, are sharply lower after disclosing that the company will record a net loss in the second quarter. WHAT'S NEW: AS&E is projecting a net loss for Q2 while the consensus estimate for Q2 EPS is 21c. The company said it has reduced its workforce by approximately 10% and has implemented additional targeted cost reductions to further reduce its operating expenses in response to the continued global volatility impacting its markets. "While our opportunity pipeline remains robust, we have reduced our expenses to manage through the quarter to quarter variability that has affected us and others in our industry. As we move forward, we will continue to execute on our strategic growth initiatives to help us leverage and capture the increased global opportunity pipeline for our expanded portfolio of product and service offerings," said AS&E CEO Chuck Dougherty. PRICE ACTION: Shares of American Science & Engineering are lower by almost 8% to $51.15 in after-hours trading. OTHERS TO WATCH: Other stocks in the homeland security space include: FLIR Systems (FLIR), I.D. Systems (IDSY), CACI International (CACI) and AeroVironment (AVAV).
September 23, 2014
08:18 EDTCACICACI awarded $212M Blanket Purchase Agreement
CACI International announced it has been awarded a $212M Blanket Purchase Agreement to provide Desktop Support Services to the U.S. Department of Homeland Security. This five-year BPA represents new work in CACIís Enterprise IT market area. CACI will provide agency-wide help desk support, end user support, engineering, field support, and call center services to DHS Headquarters and Headquarters components, such as the National Protection and Programs Directorate and the Science and Technology Directorate.

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