New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 27, 2014
12:18 EDTKEYW, SAIC, LDOSLeidos 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
Sign up for a free trial to see the rest of the stories you've been missing.
February 23, 2015
07:51 EDTSAICSAIC awarded $62M task order by SPAWAR
Subscribe for More Information
February 19, 2015
17:30 EDTSAICSAIC awarded $247.5M government contract
Science Application International has been awarded a maximum $247.5M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for maintenance, repair and operations for the Tailored Logistics Support Prime Vendor Program for the Southwest Region Zone 2. This contract was a competitive acquisition and eight offers were received. This is a two-year base contract with two 18-month option periods. Location of performance is New Jersey, with a Feb. 18, 2020, performance completion date.
10:01 EDTLDOSLeidos selected as preferred bidder to manage U.K.'s defense logitic commodities
Subscribe for More Information
09:59 EDTKEYWOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:20 EDTKEYWKEYW downgraded at Chardan
Subscribe for More Information
08:15 EDTKEYWKEYW downgraded to Neutral from Buy at Chardan
Subscribe for More Information
07:19 EDTKEYWKEYW price target lowered to $14 from $18 at RBC Capital
Subscribe for More Information
February 18, 2015
18:55 EDTKEYWOn The Fly: After Hours Movers
Subscribe for More Information
17:33 EDTKEYWKEYW sees FY15 government segment revenue up 4%-8%
Sees 12%-15% EBITDA margin in FY15. Sees FY15 Hexis segment revenue $25M-$30M. Guidance provided in Q4 earnings conference call.
16:27 EDTKEYWKEYW reports Q4 EPS (13c), consensus (6c)
Subscribe for More Information
February 15, 2015
16:45 EDTSAICFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use