Zacks lowered shares of Kratos Defense & Security Solutions(NASDAQ:KTOS) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,MarketBeat reports.
According to Zacks, “Kratos Defense & Security Solutions, Inc. is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. “
In other Kratos Defense & Security Solutions news, Director Bandel L. Carano acquired 150,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, June 5th. The stock was acquired at an average cost of $6.03 per share, for a total transaction of $904,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Separately, B. Riley reissued a buy rating and issued a $9.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, August 11th.
Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down 0.23% during midday trading on Wednesday, reaching $4.30. The company’s stock had a trading volume of 683,048 shares. The firm’s market cap is $253.72 million. The company has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.74. Kratos Defense & Security Solutions has a 1-year low of $4.08 and a 1-year high of $7.92.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. During the same period in the previous year, the firm posted $0.02 earnings per share. The business had revenue of $160.50 million for the quarter, compared to analysts’ expectations of $185.40 million. The firm’s revenue was down 21.4% compared to the same quarter last year. On average, equities research analysts expect that Kratos Defense & Security Solutions will post $0.03 EPS for the current year.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is a technology focused security business providing mission critical products, solutions and services for domestic andinternational customers. The Company operates in three segments: Kratos Government Solutions (KGS), Unmanned Systems Segment (US) and Public Safety & Security (PSS). The US segment provides unmanned aerial, ground, seaborne and command, control and communications system business. The KGS and US segments provide products, solutions and services primarily for mission critical national security priorities. The PSS segment provides independent integrated solutions for advanced homeland security, public safety, critical infrastructure, and security and surveillance systems for Government and commercial applications. The Company’s principal products and solutions are related to Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR).
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