Security software & services provider ManTech International CorporationMANT was recently awarded a contract worth $20 million by the Department of Veterans Affairs Office of Information & Technology, Enterprise Program Management Office. Per the contract, ManTech will offer troubleshooting, systems engineering, software development and operational support services to the telemedicine and VistA Imaging systems division.
Enjoying Cabinet-level status, the Department of Veterans Affairs is a government-run military veteran benefit system. The primary responsibility of the department is to support veterans post the service tenure by providing benefits and support services, such as disability compensation, pension, education, home loans, life insurance, vocational, rehabilitation, survivors' benefits, health care, and burial benefits.
Such contracts are likely to boost revenues and augment the leading position of ManTech in the market. The company continues to work closely with the U.S. defense agencies, providing expert security and support services. However, ManTech has underperformed the Zacks categorized Computer-Services industry in the last three months with an average decline of 8.2% compared with 2.8% for the latter.
Based in Fairfax, VA, ManTech provides technical support to critical national security programs to approximately 50 federal agencies, through approximately 900 contracts. ManTech delivers a broad array of information technology and technical services solutions to the U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. The company designs, develops, procures, implements, operates, tests and maintains mission-critical, enterprise information technology and communication systems and infrastructure for federal government customers in the U.S. and worldwide.
Currently, ManTech carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry include CACI International Inc CACI , CGI Group Inc. GIB and WNS (Holdings) Ltd. WNS , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy)stocks here .
CACI International has a long-term earnings growth expectation of 10% and has beaten estimates in all the trailing four quarters for an average positive earnings surprise of 31.9%.
CGI Group has a long-term earnings growth expectation of 8%.
WNS has a long-term earnings growth expectation of 14.5% and has beaten estimates twice in the trailing four quarters for an average positive earnings surprise of 3.5%.
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