CACI International Inc (CACI) is Downgraded by Wells Fargo to Market Perform

CACI International Inc (CACI) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Jun 23, 2016.

Many Wall Street Analysts have commented on CACI International Inc. Shares were Reiterated by Stifel on Jun 23, 2016 to “Buy” and Lowered the Price Target to $ 110 from a previous price target of $120 .

On the company’s financial health, CACI International Inc reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.28. The company had revenue of $977.30 million for the quarter, compared to analysts expectations of $1010.71 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.

CACI International Inc closed down -0.74 points or -0.74% at $99.87 with 1,37,884 shares getting traded on Tuesday. Post opening the session at $101, the shares hit an intraday low of $99.52 and an intraday high of $101.84 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 10, 2016, Gregory W Buckis (SrVP, Corp. Controller) purchased 33 shares at $0.00 per share price. According to the SEC, on Jun 9, 2016, Gregory G Johnson (director) sold 250 shares at $101.55 per share price. On Jun 9, 2016, Warren R Phillips (director) sold 250 shares at $101.44 per share price, according to the Form-4 filing with the securities and exchange commission.

CACI International Inc (CACI) is a simulation technology company. The Company serves clients in the United States federal government and commercial markets throughout North America and internationally on behalf of United States customers as well as in the United Kingdom and the Netherlands. It operates two units: domestic operations and international operations. Its services are primarily targeted to the areas of defense intelligence homeland security and information technology (IT) modernization. It provides professional services and IT solutions to its domestic clients through its various service offerings which include Business Systems Command and Control (C2) Communications Cyber Security Enterprise IT Health Intelligence Services Intelligence Systems and Support Investigation and Litigation Support Logistics and Material Readiness and Surveillance and Reconnaissance. Its international operations provide IT services and data and software products.

CACI International Inc

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