) hit a 52-week high of $72.70 in the second half of the trading
session on Nov 27. However, the stock closed the session at
$71.74, which reflects a solid year-to-date return of 26.2%. The
average trading volume of the stock for the last three months
aggregated 196,985 shares.
Despite its strong price appreciation, this Zacks Rank #3
(Hold) stock still has enough fundamentals that may further drive
the stock upward. Investors remain upbeat as the company remains
focused on its strategy to grow in large markets and leverage
mergers and acquisitions to further increase its market
The strategy to grow into large markets, new business
initiatives and operational excellence are the primary driving
factors for CACI.
The company has a large pipeline of new projects and continues
to win more deals at regular intervals. These back-to-back
contract wins are the key catalysts for the company. Furthermore,
having the government as a big client lends stability to the
business and moderates fluctuations in revenues.
In addition, the company intends to drive operational
excellence by intensively focusing on its organic and inorganic
growth strategy and strengthening its existing customer
relationships while building newer ones.
Over the last 30 days, 4 out of 8 estimates for 2014 have been
revised upward and 1 estimate was revised lower, which led to a
1.4% increase in the Zacks Consensus Estimate to $5.86 per share.
For 2015, 2 out of 7 estimates moved upward and 1 moved downward
and the Zacks Consensus Estimate dropped 0.4% to $5.69 per
Other Stocks to Consider
CACI currently has a Zacks Rank #3 (Hold). Other stocks worth
considering in the industry include
Lionbridge Technologies Inc
), carrying a Zacks Rank #1 (Strong Buy), and
), holding a Zacks Rank #2 (Buy).
CACI INTL A (CACI): Free Stock Analysis
CARBONITE INC (CARB): Free Stock Analysis
LIONBRIDGE TECH (LIOX): Free Stock Analysis
SYNTEL INC (SYNT): Free Stock Analysis Report
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