RESTON, Va. - CACI International Inc (NYSE: CACI) has been awarded a task order by the U.S. Army to provide intelligence analysis and operations support to U.S. forces in Europe and Africa. The contract, which spans six years, could be worth up to $239 million.
The company will deliver intelligence expertise across the U.S. European Command (EUCOM) and U.S. Africa Command (AFRICOM) areas of responsibility. This support will be crucial during peacetime, crisis, and contingency operations. CACI's responsibilities include all-source and single-discipline intelligence, cross-functional analysis, multi-domain operations and planning, security support, as well as information system operations, maintenance, and sustainment.
In addition, CACI will employ its DarkBlue Intelligence Suite, a platform designed for dark web reconnaissance, exploitation, and analysis. This technology aims to enhance situational awareness and improve readiness by augmenting open-source intelligence data exploration and collection capabilities.
John Mengucci, CACI President and CEO, emphasized the company's extensive global presence and expertise in these regions as key factors in their preparedness to counter evolving threats and support U.S. interests.
CACI International Inc, known for its 24,000 employees and culture of innovation, has a track record of providing national security solutions. The company is recognized on the Fortune World's Most Admired Company list and is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index.
The press release also notes that some statements made therein are forward-looking and subject to factors that could cause actual results to differ from anticipated results. These factors are detailed in CACI's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2024. This article is based on a press release statement from CACI International Inc.
In other recent news, CACI International witnessed significant financial growth in the fourth quarter and fiscal year 2024. The company's revenue surged by 20% in Q4 and 14% for the full fiscal year, exceeding its own guidance, while securing a record $14 billion in contract awards. CACI's EBITDA reached nearly $800 million, and its free cash flow surpassed $380 million. The company's backlog rose to a robust $32 billion, marking a 22% year-over-year increase.
Baird has raised its stock price target for CACI International to $544, maintaining an Outperform rating. This optimism comes from CACI's multi-year backlog, hinting at a strong long-term organic growth potential. Baird also noted CACI's best-in-class execution and pioneering position in various technologies as key factors for anticipated organic growth and margin expansion.
Looking ahead, CACI projects a revenue growth of 6% to 8.5% for fiscal year 2025, with an expected 11% increase in free cash flow per share. The company's revenue is estimated to be between $7.9 billion and $8.1 billion, with adjusted net income ranging between $505 million and $525 million. These recent developments underline CACI's growth trajectory and financial health.
InvestingPro Insights
As CACI International Inc (NYSE: CACI) secures a significant task order to support U.S. forces, the company's financial health and stock performance remain of keen interest to investors. With a robust market capitalization of $10.33 billion and a P/E ratio of 24.76, CACI demonstrates a strong presence in the market. The company's revenue growth is also notable, with a substantial increase of 14.28% over the last twelve months as of Q4 2024, underpinning its capacity for sustained operations and potential for future contracts like the one recently awarded.
InvestingPro Tips highlight that CACI is trading at a high P/E ratio relative to its near-term earnings growth, which investors may want to consider when evaluating the stock's current valuation. Additionally, the stock has been characterized by low price volatility, which could appeal to investors looking for stability in their portfolio. For those interested in a deeper analysis, InvestingPro offers a total of 11 tips on CACI, providing a comprehensive outlook on the company's financial and market position.
Furthermore, the company's performance over the last six months has seen a significant price uptick of 27.39%, and it has been trading near its 52-week high, with the price at 98.95% of this peak. This momentum is a testament to the confidence investors have in CACI's operations and market strategy. For detailed insights and additional metrics, the InvestingPro platform offers a full suite of tools and data, including the InvestingPro Fair Value estimate of $449.77 for CACI, which is based on advanced valuation models.
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