CACI International's TSA Win - Analyst Blog
February 28 2012 - 6:15AM
Zacks
Earning new contracts continues its interminable saga for
CACI International Inc.
(CACI)
as it announced the receipt of a $20 million five-year contract
from the Transportation Security Administration (TSA). The contract
is to provide Occupational Safety and Health (OSH) Support Services
to the TSA centres.
According to the
contract, CACI International would implement and maintain a
comprehensive OSH program at the TSA’s headquarters, five regional
offices, 450 airports and other field operation centres.
The company has had an
ongoing relationship with the TSA in providing its OSH services for
over five years now. It is hence, easy to aver that CACI
International’s continuing support has proved largely effective to
the TSA as it has bolstered safety improvement considerably for the
latter.
Very recently, CACI
International was awarded a contract worth $41 million from the
Department of Defense (DoD) to continue its grand work as lead
developer at the Defense Agencies Initiative (DAI). This would
directly cater to ameliorating the financial management program of
the DoD.
Needless to say,
management is highly ebullient about its spate of successes which
seem to have transformed into an endless phenomenon of contract
awards. However, the company needs to be wary of its formidable
competitors who include big names such as Lionbridge
Technologies Inc. (LIOX), WidePoint Corporation
(WYY) and
Synnex Corporation (SNX).
Our current Zacks
Consensus Estimate projects an EPS of $1.42 per share and $5.89 per
share in the third fiscal quarter and full fiscal year 2012,
respectively.
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.
CACI INTL A (CACI): Free Stock Analysis Report
LIONBRIDGE TECH (LIOX): Free Stock Analysis Report
SYNNEX CORP (SNX): Free Stock Analysis Report
WIDEPOINT CORP (WYY): Free Stock Analysis Report
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