Kratos Defense & Security Solutions Inc (KTOS) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Aug 29, 2016.
On the company’s financial health, Kratos Defense & Security Solutions Inc reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.06. The company had revenue of $168.20 million for the quarter, compared to analysts expectations of $158.93 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Kratos Defense & Security Solutions Inc opened for trading at $7.08 and hit $7.19 on the upside on Tuesday, eventually ending the session at $7.16, with a gain of 0.85% or 0.06 points. The heightened volatility saw the trading volume jump to 8,42,451 shares. Company has a market cap of $433 M.
In a different news, on Aug 15, 2016, William A Hoglund (director) purchased 150,000 shares at $5.89 per share price. According to the SEC, on Aug 10, 2016, Eric M Demarco (CEO) purchased 8,904 shares at $5.56 per share price. On Aug 28, 2015, Scot B Jarvis (director) purchased 20,000 shares at $3.94 per share price, according to the Form-4 filing with the securities and exchange commission.
Kratos Defense & Security Solutions Inc. (Kratos) is a technology focused security business providing mission critical products solutions and services for domestic and international 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).