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CACI International Inc (NYSE:CACI)’s shares have experienced a notable downturn, touching a 52-week low of $332.22. The $7.51 billion market cap defense contractor currently trades at a P/E ratio of 16.11x, with InvestingPro analysis suggesting the stock is undervalued at current levels. This recent price level reflects a challenging period for the company, which has seen its stock price decrease by 7.14% over the past year. Despite the market pressure, CACI has maintained strong fundamentals with 14% revenue growth in the last twelve months. The descent to this year’s low point underscores the broader market dynamics that have affected the defense and information technology services sector, where CACI operates. Investors are closely monitoring the company’s performance and strategic initiatives as it navigates through the current economic landscape. InvestingPro subscribers can access 10+ additional investment tips and a comprehensive Pro Research Report for deeper insights into CACI’s valuation and prospects.
In other recent news, CACI International reported strong financial results for the first quarter of fiscal year 2025, with earnings per share of $5.95, surpassing the forecast of $5.20. The company’s revenue reached $2.1 billion, exceeding expectations of $2.02 billion, marking an 11.2% year-over-year growth. Following these results, Truist Securities maintained a Buy rating on CACI, with a price target of $550, highlighting the company’s ability to surpass expectations. The firm noted CACI’s limited exposure to Federal Civilian spending as a positive factor amidst Department of Defense spending uncertainties.
Additionally, CACI raised its revenue guidance for fiscal year 2025 to between $8.1 billion and $8.3 billion, reflecting confidence in its growth trajectory. The company also reported significant contract wins, including agreements with the U.S. Navy, which bolstered investor confidence. Jefferies analyst Sheila Kahyaoglu noted that while there are concerns about government spending cuts, CACI remains well-aligned with modernization initiatives within the Federal government.
Despite a reported 45% decrease in contract awards for the second quarter, analysts like Tobey Sommer from Truist remain optimistic about CACI’s capabilities and customer mix. Sommer’s analysis led to an upward revision of CACI’s FY25 revenue and adjusted EPS estimates. The company continues to focus on strategic acquisitions, such as Azure Summit Technology and Applied Insight, to strengthen its market position.
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