We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SAIC Secures Space & Intelligence Contracts Worth $410M in Q4
Read MoreHide Full Article
Science Applications International Corporation (SAIC - Free Report) recently announced that it secured $410 million worth of contracts from the space and intelligence communities in the fourth quarter of fiscal 2022. This brings the full fiscal 2022 contracts award to $2 billion.
The company disclosed that most of the contracts involve highly specialized services in digital and systems engineering as well as data analytics areas. Clients requiring these services belong to the classified space and intelligence communities.
Contracts Keep Flowing for SAIC
Science Applications is benefiting from the continued flow of high-value contracts. The record level of awards reflects its disciplined business-development actions, consistent operational excellence and high customer satisfaction. As of Oct 29, 2021, the company’s total contract backlog was $24 billion.
Moreover, the government as a big client lends stability to the business and moderates fluctuation in revenues.
Science Applications International Corporation Price and Consensus
In December 2021, SAIC secured a five-year, $99 million, single-award, indefinite-delivery/indefinite-quantity contract from the U.S. Air Force. Per the deal, the company will help the Air Force Research Laboratory in developing multi-spectral and multi-modal phenomenology modeling capabilities for the Air Force weapon systems.
In the same month, the company secured a $1.1-billion contract from the U.S. Navy. Per the deal, it will produce, assemble, test and deliver MK 48 MOD 7 Torpedo Afterbody Tialcones (AB/TC) and MK29 MOD 0 Warshot Fuel Tanks to the U.S. Navy.
In November 2021, Science Applications announced that it secured $348 million worth of contracts from the space and intelligence communities in the third quarter of fiscal 2022. In the same month, the company revealed receiving a U.S. Navy contract worth $556 million to modernize its human resources service to the sailors, their families and future recruits.
In the same month, Science Applications announced that it was awarded a defense contract worth $93 million to provide R&D, engineering, testing, integration, cybersecurity, upgrades and sustainment for the numerous tactical threat systems to the U.S. Navy.
Zacks Rank & Stocks to Consider
Science Applications currently carries a Zacks Rank #3 (Hold).
The Zacks Consensus Estimate for Analog Devices’ first-quarter fiscal 2022 earnings has been revised upward by a penny to $1.79 per share over the past 30 days. For fiscal 2022, earnings estimates have moved upward by 1% to $7.53 per share over the past 30 days.
Analog Devices’ earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 6.1%. Shares of ADI have gained 5.9% in the trailing 12 months.
The Zacks Consensus Estimate for HP’s first-quarter fiscal 2022 earnings has been revised upward by seven cents to $1.03 per share over the past 90 days. For fiscal 2022, earnings estimates have moved upward 13 cents to $4.16 per share in the past 90 days.
HP’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 18%. HPQ stock has rallied 40.2% over the past year.
The Zacks Consensus Estimate for NVIDIA’s fourth-quarter fiscal 2022 earnings has been revised upward to $1.22 per share from $1.09 90 days ago. For fiscal 2022, earnings estimates have been revised upward by a penny to $4.35 per share in the past 30 days.
NVIDIA’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 7.7%. Shares of NVDA have increased 75.1% over the past year.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Shutterstock
SAIC Secures Space & Intelligence Contracts Worth $410M in Q4
Science Applications International Corporation (SAIC - Free Report) recently announced that it secured $410 million worth of contracts from the space and intelligence communities in the fourth quarter of fiscal 2022. This brings the full fiscal 2022 contracts award to $2 billion.
The company disclosed that most of the contracts involve highly specialized services in digital and systems engineering as well as data analytics areas. Clients requiring these services belong to the classified space and intelligence communities.
Contracts Keep Flowing for SAIC
Science Applications is benefiting from the continued flow of high-value contracts. The record level of awards reflects its disciplined business-development actions, consistent operational excellence and high customer satisfaction. As of Oct 29, 2021, the company’s total contract backlog was $24 billion.
Moreover, the government as a big client lends stability to the business and moderates fluctuation in revenues.
Science Applications International Corporation Price and Consensus
Science Applications International Corporation price-consensus-chart | Science Applications International Corporation Quote
In December 2021, SAIC secured a five-year, $99 million, single-award, indefinite-delivery/indefinite-quantity contract from the U.S. Air Force. Per the deal, the company will help the Air Force Research Laboratory in developing multi-spectral and multi-modal phenomenology modeling capabilities for the Air Force weapon systems.
In the same month, the company secured a $1.1-billion contract from the U.S. Navy. Per the deal, it will produce, assemble, test and deliver MK 48 MOD 7 Torpedo Afterbody Tialcones (AB/TC) and MK29 MOD 0 Warshot Fuel Tanks to the U.S. Navy.
In November 2021, Science Applications announced that it secured $348 million worth of contracts from the space and intelligence communities in the third quarter of fiscal 2022. In the same month, the company revealed receiving a U.S. Navy contract worth $556 million to modernize its human resources service to the sailors, their families and future recruits.
In the same month, Science Applications announced that it was awarded a defense contract worth $93 million to provide R&D, engineering, testing, integration, cybersecurity, upgrades and sustainment for the numerous tactical threat systems to the U.S. Navy.
Zacks Rank & Stocks to Consider
Science Applications currently carries a Zacks Rank #3 (Hold).
Some top-ranked stocks from the broader technology sector include Analog Devices (ADI - Free Report) , HP Inc. (HPQ - Free Report) and NVIDIA Corporation (NVDA - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Analog Devices’ first-quarter fiscal 2022 earnings has been revised upward by a penny to $1.79 per share over the past 30 days. For fiscal 2022, earnings estimates have moved upward by 1% to $7.53 per share over the past 30 days.
Analog Devices’ earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 6.1%. Shares of ADI have gained 5.9% in the trailing 12 months.
The Zacks Consensus Estimate for HP’s first-quarter fiscal 2022 earnings has been revised upward by seven cents to $1.03 per share over the past 90 days. For fiscal 2022, earnings estimates have moved upward 13 cents to $4.16 per share in the past 90 days.
HP’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 18%. HPQ stock has rallied 40.2% over the past year.
The Zacks Consensus Estimate for NVIDIA’s fourth-quarter fiscal 2022 earnings has been revised upward to $1.22 per share from $1.09 90 days ago. For fiscal 2022, earnings estimates have been revised upward by a penny to $4.35 per share in the past 30 days.
NVIDIA’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 7.7%. Shares of NVDA have increased 75.1% over the past year.