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Stock Market & Financial Investment News

News Breaks
March 27, 2014
12:18 EDTLDOS, SAIC, KEYWLeidos tumbles after COO departure, weaker than expected guidance
Shares of IT-services firm Leidos (LDOS) are falling after the company announced the departure of its COO, and forecast weaker than expected fiscal 2015 results. WHAT'S NEW: This morning, Leidos reported fourth quarter earnings per share of 56c and revenue of $1.3B, compared to expectations of 45c and $1.27B, respectively. WHAT'S NOTABLE: In September of last year, the company, which used to be called SAIC, changed it name to Leidos Holdings, after it spun off its government services business. That business kept the SAIC name. This morning, Leidos announced that its COO, Stu Shea, will leave the company effective April 6. This was a mutual decision reached by Shea, CEO John Jumper, and the Leidos board. John Jumper said, "In our fourth quarter, we continued to encounter headwinds from sequestration, unclear funding on awarded programs, delayed award decisions, high levels of protest activity, and continued commercial health and engineering revenue declines." The company also forecast FY15 EPS of $2.35-$2.55 and revenue of $4.9B-$5.1B, compared to consensus of $2.85 and $5.46B, respectively. PRICE ACTION: In early afternoon trading, Leidos tumbled $6.73, or about 15.6%, to $36.41 on more than twice its average daily trading volume. The stock is down over 16% since the spin-off in September. OTHERS TO WATCH: Other companies in the IT-services space include SAIC (SAIC) and KEYW Holding (KEYW).
News For LDOS;SAIC;KEYW From The Last 14 Days
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August 19, 2014
11:09 EDTKEYWHexis Cyber Solutions announces reseller agreement with Accuvant
Hexis Cyber Solutions, a wholly-owned subsidiary of KEYW announced a reseller agreement with Accuvant, a provider of information security solutions serving enterprise-class organizations across North America. This agreement enables Accuvant the ability to sell Hexis' full line of enterprise class solutions including HawkEye G and HawkEye AP.
07:53 EDTSAICSAIC awarded OASIS contract by GSA
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August 13, 2014
16:13 EDTLDOSLeidos awarded contracy by General Services Administration
Leidos was awarded the One Acquisition Solution for Integrated Services prime contract by the General Services Administration to provide a full range of professional services. The multiple award, indefinite-delivery/indefinite-quantity contract has a five-year base period of performance, and one five-year option. There is no dollar ceiling limit on this flexible contract vehicle. Leidos is one of 74 awardees eligible to compete for task orders under the contract. The core disciplines of the contract services include program management, management consulting, logistics, engineering, scientific, and financial. Leidos received awards in all six contract pools.
10:01 EDTKEYWOn The Fly: Analyst Initiation Summary
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08:02 EDTKEYWKEYW initiated with a Buy at Maxim
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August 11, 2014
06:50 EDTLDOSJason Communications to sponsor a symposium
17th Annual Space and Missile Defense Symposium to be held in Huntsville, Alabama on August 11-14.
August 8, 2014
15:38 EDTKEYWKEYW management to meet with SunTrust
Meeting to be held in New York on August 13 hosted by SunTrust,

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