Science Applications International Corp (SAIC) is Downgraded by Citigroup to Neutral

Science Applications International Corp (SAIC) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on Science Applications International Corp. Science Applications International Corp was Upgraded by Drexel Hamilton to ” Buy” on Nov 11, 2016. Science Applications International Corp was Downgraded by Drexel Hamilton to ” Hold” on Sep 9, 2016.

On the company’s financial health, Science Applications International Corp reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Sep 8, 2016. Analyst had a consensus of $0.78. The company had revenue of $1095.00 million for the quarter, compared to analysts expectations of $1105.04 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Science Applications International Corp opened for trading at $83.2 and hit $83.96 on the upside on Friday, eventually ending the session at $83.95, with a gain of 1.17% or 0.97 points. The heightened volatility saw the trading volume jump to 96,636 shares. Company has a market cap of $3,713 M.

In a different news, on Sep 27, 2016, Maria M. Bishop (Interim CFO) sold 2,160 shares at $69.65 per share price. According to the SEC, on Sep 26, 2016, Douglas Martin Wagoner (Sector President) sold 2,300 shares at $69.68 per share price. On Sep 15, 2016, Anthony J Moraco (Chief Executive Officer) sold 38,821 shares at $66.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Science Applications International Corporation (SAIC) is a technology integrator. The Company provides life cycle services and solutions in the technical engineering intelligence and enterprise information technology (IT) markets. It provides services to the United States Government including the Department of Defense (DoD) and federal civilian agencies. It provides systems engineering and integration services for projects and offers services with an emphasis on differentiated technology services. SAIC offers products to four branches of the United States military; United States Defense Logistics Agency; National Aeronautics and Space Administration; United States Department of State and United States Department of Homeland Security. SAIC’s offerings include engineering and maintenance of ground and maritime systems logistics training and simulation and services spanning the design development integration deployment management and operations sustainment and security.

Science Applications International Corp

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