Bull of the Day: CACI International (CACI)

CACI International (CACI) provides critical IT infrastructure for the Department of Defense and the Department of Homeland Security. Earnings estimates for fiscal 2011 have surged by $0.22 in the last sixty days as the company reported strong results for the fiscal first quarter and upgraded its guidance for fiscal 2011.

First quarter earnings easily beat the Zacks Consensus Estimate by $0.04. The company now expects revenues around $3,450-$3,600 million, up from the previous range of $3,250-$3,400 million. EPS is forecasted between $3.90 and $4.10, compared to the earlier forecast of $3.70 to $3.90.

Although margins remain a bit of a concern, we are positive about the company’s contract wins and recent acquisitions. Therefore, we have upgraded our recommendation to Outperform from Neutral.

CACI INTL A (CACI): Free Stock Analysis Report

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