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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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October 1, 2014
07:51 EDTLDOSLeidos awarded $14M contract by DARPA
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September 30, 2014
07:53 EDTLDOSLeidos awarded $25M task order by Department of Veterans Affairs
Leidos was awarded a task order by the Department of Veterans Affairs, or VA, to provide technical and programmatic support to assist the VA in executing the OneVA Enterprise Architecture program. The single-award firm fixed-price task order has a one-year base period of performance, two one-year options and a total contract value of approximately $25M if all options are exercised. Work will be performed in Washington, D.C.
September 22, 2014
16:08 EDTLDOSLeidos awarded $14M contract by Naval Medical Logistics Command
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September 18, 2014
13:48 EDTKEYWKEYW unit forms distributor agreement with D&H Distributing
Hexis Cyber Solutions, a wholly-owned subsidiary of The KEYW Holding Corporation, announced the signing of a distributor agreement with D&H Distributing, a leading North American computer products distributor. The agreement will allow D&H to sell Hexis' new NetBeat product line to organizations in need of continuous network health and monitoring, analysis and network access control capabilities for their networks.

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