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CoreCivic Inc's stock has reached a new 52-week low, hitting 16.45 USD. This marks a significant decline for the company, which has seen its stock fall by 24.55% over the past year. Despite this drop, InvestingPro data shows management has been aggressively buying back shares, signaling confidence in the company's future. With a remarkably low PEG ratio of 0.33 and a Piotroski Score of 8, CoreCivic demonstrates strong financial fundamentals.The correction in CoreCivic's stock price reflects ongoing challenges and investor concerns within the private corrections and detention management sector. However, the company appears undervalued according to InvestingPro's Fair Value analysis, with analyst targets ranging from $28 to $32. As the company navigates these hurdles, market participants will be closely monitoring any strategic moves or policy changes that could impact CoreCivic's financial health and stock performance in the coming months. Discover more insights with InvestingPro, which offers a comprehensive Pro Research Report on CoreCivic among 1,400+ US equities.
In other recent news, CoreCivic, Inc. reported strong financial results for the second quarter of 2025, with earnings per share reaching $0.36, significantly exceeding the forecasted $0.21. The company's revenue also surpassed expectations, hitting $538.2 million compared to the projected $499.02 million. Additionally, CoreCivic has secured multiple contracts with U.S. Immigration and Customs Enforcement (ICE). A five-year contract to reactivate the Diamondback Correctional Facility in Oklahoma is expected to generate $100 million annually. Two additional contracts for facilities in California and Kansas will utilize 3,593 beds, bringing in nearly $200 million per year. CoreCivic also announced the reactivation of its West Tennessee Detention Facility under a new ICE contract, running until August 2030. In leadership news, Patrick D. Swindle is set to become the President and CEO on January 1, 2026, succeeding Damon T. Hininger. These developments reflect CoreCivic's ongoing strategic initiatives and operational growth.
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