Fly News Breaks for December 23, 2019
Dec 23, 2019 | 09:08 EDT
Morgan Stanley analyst Matthew Sharpe noted that over the last week President Trump signed the FY20 Defense Authorization and Appropriation bill into law, the GAO sided with SAIC (SAIC) and denied the Cloud One protest made by Leidos (LDOS) and the latter company also extended its capabilities with its deal to buy Dynetics. Given the deal, Sharpe raised his price target on Leidos shares to $98 from $90 and he sees mid-single digit range accretion potential come 2021. He maintains a Equal Weight rating on Leidos shares.
News For LDOS;SAIC From the Last 2 Days
Aug 3, 2021 | 06:12 EDT
Reports Q2 revenue $3.45B, consensus $3.38B. Reports Q2 net bookings of $3.8B with a book-to-bill ratio of 1.1. Reports backlog growth to $33.5B. Roger Krone, Leidos chairman and CEO, commented, "Our results in the second quarter reflect our leadership position in the government technology market. I am tremendously proud of the way Leidos has responded throughout the pandemic, as our employees and business partners continually delivered for our customers and shareholders. While we remain vigilant with the recent uptick in COVID-19 cases, Leidos is stronger than ever, with new quarterly record levels of revenue and backlog consistent with our industry-leading organic growth."