RESTON, Va. - CACI International Inc (NYSE: CACI) has been awarded a five-year task order to provide intelligence support to the United States Central Command (USCENTCOM), the company announced today. Valued at up to $273 million, the task order was granted through the U.S. Army Intelligence and Security Command (INSCOM).
Under the terms of the Combined CENTCOM Competitive Task Order (C3TO), CACI will offer a range of intelligence and security operations services. These include all-source and identity intelligence, biometric-related analysis, and production support tasks. The company's work aims to ensure that decision-makers at USCENTCOM have access to essential intelligence, surveillance, and reconnaissance (ISR) resources and actionable analysis to inform their decisions.
John Mengucci, President and Chief Executive Officer of CACI, emphasized the company's longstanding relationship with INSCOM and USCENTCOM, citing over two decades of intelligence support experience. Mengucci stated that CACI's solutions are designed to help thwart complex global threats and provide an information advantage to advance mission success.
The award reaffirms CACI's position as a significant provider of national security solutions. The company, known for its distinctive expertise and differentiated technology, employs approximately 24,000 individuals and is recognized as a Fortune World's Most Admired Company. CACI is also listed in the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index.
The press release also contains forward-looking statements that are subject to factors that could cause actual results to differ materially from anticipated results. These factors include the risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other filings with the Securities and Exchange Commission.
This news is based on a press release statement from CACI International Inc.
In other recent news, CACI International has announced plans to acquire Azure Summit Technology in a $1.275 billion all-cash transaction, expected to enhance its software capabilities in the defense technology sector. This acquisition is part of CACI International's strategic moves, which also include the planned acquisition of another undisclosed company. In terms of financial performance, CACI has reported a 20% increase in Q4 revenue and a 14% rise for the full fiscal year, surpassing its own guidance. The company also secured a record $14 billion in contract awards, and its backlog rose to $32 billion, marking a 22% year-on-year increase.
Analysts from BofA Securities, TD Cowen, and Baird have expressed confidence in CACI's strategic decisions and financial stability. BofA Securities has raised its price target for CACI to $555 from the previous $535, while TD Cowen has reiterated a Buy rating with a price target of $480. Baird also maintains a Buy rating with a price target of $544.
For fiscal year 2025, CACI projects a revenue growth of 6% to 8.5%, with an expected 11% increase in free cash flow per share. The company's revenue is estimated to be between $7.9 billion and $8.1 billion, with adjusted net income projected between $505 million and $525 million. These recent developments provide a snapshot of CACI's current activities and future prospects.
InvestingPro Insights
CACI International Inc's recent task order win reinforces its role as an indispensable player in the intelligence and security sector, a status that's reflected in the company's financial and market metrics. With a robust market capitalization of $10.78 billion, CACI showcases its significant presence in the industry. The company's commitment to delivering high-quality services is also evident in its revenue growth, which stands at a substantial 14.28% for the last twelve months as of Q4 2024.
Investors keeping a close eye on CACI's stock performance will notice that it trades at a high P/E ratio of 25.81, indicating a premium market valuation relative to near-term earnings growth. This is further substantiated by the company's PEG Ratio of 1.95, which suggests that investors are expecting higher future earnings growth. Moreover, CACI's stock has experienced a large price uptick over the last six months, with a remarkable 30.53% total return, reflecting strong investor confidence and market performance.
For those seeking additional insights into CACI's future, the InvestingPro Tips highlight that the stock generally trades with low price volatility and that analysts predict the company will be profitable this year, having been profitable over the last twelve months. With six analysts having revised their earnings downwards for the upcoming period, it's crucial for investors to consider how these revisions might impact future performance. For an in-depth analysis, readers can explore more InvestingPro Tips available at InvestingPro, which lists a total of 11 tips to help make informed investment decisions.
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