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CHANTILLY, Va. - The New Jersey Department of Transportation (NJDOT) has successfully implemented a new Statewide Advanced Traffic Management System (ATMS) powered by Parsons Corporation’s (NYSE:PSN) Intelligent NETworks (iNET) solution, according to a press release issued Thursday. The $8.35 billion market cap company, which maintains a healthy financial position with a current ratio of 1.61, has seen its revenue grow by 9.22% over the last twelve months.
The system, developed in collaboration with HNTB Corporation, represents the first integrated statewide ATMS for NJDOT, which previously relied on various legacy and vendor-based software packages.
The new platform provides a unified system for transportation network management and operator communication. Key features include ITS device control, automated incident detection and management, and integrated response plans.
"We are thrilled to partner with NJDOT in delivering a state-of-the-art traffic management system that will significantly enhance transportation operations across New Jersey," said Mark Fialkowski, president of Infrastructure North America at Parsons. The company’s stock has demonstrated strong momentum, posting a 31% return over the past six months, according to InvestingPro data.
The ATMS project received recognition earlier this year, winning the 2025 Excellence in Engineering Award at the New Jersey Alliance for Action’s 12th Annual Distinguished Engineering Awards.
Parsons Corporation describes the system as a "robust and scalable solution" designed to address modern traffic management needs and improve safety and efficiency for road users throughout New Jersey.
The company stated that the implementation marks a significant advancement in traffic management and operations across the state’s transportation network. InvestingPro analysis shows Parsons maintains a "GOOD" overall financial health score, with 10+ additional ProTips and comprehensive research reports available to subscribers, offering deeper insights into the company’s operational and financial performance.
In other recent news, Parsons Corporation reported its second-quarter earnings for 2025, revealing mixed results. The company exceeded earnings per share (EPS) expectations with a reported EPS of $0.78, surpassing the forecast of $0.749. However, Parsons fell short on revenue, posting $1.58 billion against a projected $1.61 billion, marking a 5% decrease from the previous year. In addition to earnings, Parsons secured a $30 million contract from the U.S. Army for radar development engineering services, which includes a 12-month base period and four 12-month option periods.
On the analyst front, Goldman Sachs downgraded Parsons’ stock from Buy to Neutral, citing concerns about the company’s ability to meet its fiscal year 2025 guidance and potential growth challenges into 2026. In contrast, Baird upgraded Parsons to Outperform, noting a strong growth outlook with potential catalysts from FAA and Golden Dome projects. Baird also raised its price target for Parsons to $92.00 from $78.00. These developments highlight differing analyst perspectives on the company’s future prospects.
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