CACI CACI International Inc

Recently announced, CACI International Inc. (CACI) received a $476 million five-year (one base and four option years) contract to provide IT and telecommunications solutions as per the U.S. Government Omnibus Network Enterprise (USG ONE) deal to federal agencies including the Department of Defense (DOD).

As per this contract, the company will cater to alleviating the costs incurred at U.S. federal agencies along with ameliorating and technologically advancing their communication capabilities. 

CACI International’s approbatory goodwill and expertise in offering high-quality IT and telecommunications services have paved the way for an interminable saga of profitable contract awards for the company. Not long ago, CACI International earned a $189 million contract from the Intelligence Community (IC) of the U.S. federal agencies to cater to their IT needs.

The company recently announced the financial results for its second quarter of fiscal 2012, whereby the Department of Defense (DOD) accounted for about 79% and Federal Civilian Agencies accounted for around 16.3% of total revenue during the quarter. It is evident that CACI International shall continue to fuel its revenues progressively from the U.S. defense sectors in a similar fashion in its coming quarters.

We currently project CACI International to deliver earnings of $1.42 per share in its third quarter of fiscal 2012 and $5.89 per share for the full year.

Established in 1962 and headquartered in Arlington, Virginia, CACI International Inc. offers professional and IT services for defense, intelligence, homeland security, and IT modernization and government transformation.

At present we have a Neutral recommendation on CACI International Inc. The stock currently carries a Zacks #2 Rank, which translates into a short-term rating of Buy.

 
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