|Bid||22.45 x 800|
|Ask||22.47 x 900|
|Day's Range||22.36 - 22.90|
|52 Week Range||15.74 - 26.64|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||29.74|
|Forward Dividend & Yield||0.20 (0.95%)|
|1y Target Est||26.00|
CHANTILLY, Va., April 10, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that its innovative applied research arm, Perspecta Labs, has received a $5.7 million contract modification for continued work on the Defense Advanced Research Projects Agency (DARPA) Edge-Directed Cyber Technologies for Reliable Mission Communication (EdgeCT) program. This will provide much-needed visibility into WAN infrastructure problems and the ability to take immediate action and mitigate service outages. "The increasing complexity of WAN infrastructure, along with its susceptibility to cyberattacks, can result in frequent and lengthy interruptions to critical services," said Petros Mouchtaris, Ph.D., president of Perspecta Labs.
CHANTILLY, Va., April 3, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP) announced today that its innovative research arm, Perspecta Labs, has received a $4.8 million contract modification for Phase 2 of the Defense Advanced Research Projects Agency's (DARPA) Secure Handhelds on Assured Resilient networks at the tactical Edge (SHARE) program. Under Phase 2 of the SHARE program, Perspecta Labs will be advancing its VeriNet, Verifiably Secure NDN (Named Data Networking)-based Coalition Networks, technology which enables secure information sharing between the U.S. and its coalition partners.
The largest Insider Buys this week were for Aflac Inc. (AFL), New York Community Bancorp Inc. (NYCB), Perspecta Inc. (PRSP), and Linde PLC (LIN). Director Karole Lloyd bought 2,000 shares of AFL stock on March 22 at the average price of $49.83. Warning! GuruFocus has detected 6 Warning Signs with NLY.
CHANTILLY, Va., March 27, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it was awarded a prime contract from the U.S. Department of Veterans Affairs (VA) to continue providing maintenance and support for the Veterans Health Information Systems and Technology Architecture (VistA), the agency's electronic health records (EHR) system. On the contract, Perspecta will provide a full range of technical, managerial and administrative services to the VA, in support of both the primary VistA and VistA Imaging systems. Services will include engineering support and engineering changes, updates, repairs and other technical services.
CHANTILLY, Va., March 12, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it has been awarded the Enterprise Logging Phase 2 (EL2) contract with the United States Air Force (USAF). The single award contract, awarded under USAF Network-Centric Solutions-2 (NETCENTS-2) NetOps, represents new work for the company and has a one-year base and four, one-year options, with a maximum ceiling value of $71 million. The mission of the EL2 program is to increase the USAF's cyber situational awareness by implementing an enterprise-wide logging architecture.
CHANTILLY, Va., March 7, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it was awarded a contract from the Department of Defense (DoD). "We have been trusted to solve some of the most critical national security and foreign relations challenges for nearly five decades," said Mac Curtis, president and chief executive officer of Perspecta. Using innovation backed by highly-skilled talent, technical expertise, advanced IP and a deep partnership ecosystem, Perspecta brings transformative digital skills and mission-enabled offerings in advanced analytics, cybersecurity, systems engineering and agile software development to its customers.
CHANTILLY, Va., Feb. 20, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it has been awarded the United States Army Cyber Command (ARCYBER) Cyberspace Operations Support task order. ARCYBER is the Army headquarters under United States Cyber Command (USCYBERCOM) and is responsible for the operation and defense of Army networks, and for delivering cyberspace effects against adversaries to defend the nation. Perspecta will provide comprehensive cyberspace operations support to ARCYBER headquarters, Joint Forces Headquarters-Cyber, ARCYBER subordinate components, service components of USCYBERCOM, and other Department of Defense cyber mission partners.
Two legitimate concerns hang over Perspecta, but neither is enough to justify the company's current valuation.
The company is pointing to a contract win with the U.S. Army Cyber Command — potentially worth $900 million — as proof of its value proposition.
- Revenue of $1.08 billion up 49% year-over-year and up slightly year-over-year on a pro forma basis - Net income down 63% year-over-year; adjusted net income up 12% year-over-year on a pro forma basis ...
NEW YORK, NY / ACCESSWIRE / February 13, 2019 / Perspecta, Inc. (NYSE: PRSP ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on February 13, 2019 at 5:00 PM Eastern ...
CHANTILLY, Va., Feb. 12, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it was awarded multiple classified systems engineering and integration programs totaling more than $390 million to support U.S. government customers. "At our core, we are innovative problem solvers," said Mac Curtis, president and chief executive officer of Perspecta. "For more than four decades, we have been partnering with important government customers, innovating highly technical solutions to solve some of the most complex systems engineering and integration problems.
CHANTILLY, Va., Feb. 6, 2019 /PRNewswire/ -- Perspecta Inc. announced today that its innovative research arm, Perspecta Labs, will continue its work researching and developing cyber defenses against distributed denial of service (DDoS) attacks for the Defense Advanced Research Projects Agency (DARPA) under a new contract modification worth up to $2.7 million, dependent on successful completion of milestones. The modification represents on-contract growth as part of DARPA's Extreme DDoS Defense (XD3) program. On the base program, Perspecta Labs researched and developed innovative techniques aimed at dynamically obscuring high-value cyber assets, detecting stealthy, low-volume intrusions, performing defensive maneuvers to mislead and confuse adversaries, and launching mitigation steps to repel both widespread and targeted attacks.
CHANTILLY, Va., Feb. 5, 2019 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), a leading U.S. government services provider, announced today that it will participate in the Cowen 40th Annual Aerospace/Defense & Industrials Conference in New York, NY. The Cowen Aerospace/Defense & Industrials Conference will bring top investors and leading companies together to collaborate and discuss industry trends and ideas. Mac Curtis, president and chief executive officer of Perspecta, will provide an introduction to the company, followed by a joint question and answer fireside chat with John Kavanaugh, chief financial officer of Perspecta on Thursday, Feb. 7, 2019 at 10:45 a.m. Eastern time.
The Defense Enterprise Office Solution (DEOS) procurement is one of the more closely watched and lucrative commercial cloud programs not named JEDI.
CHANTILLY, Va., Jan. 31, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it raised more than $310,000 for the American Heart Association's (AHA) 2018 Greater Washington Heart Walk. This fundraising achievement makes Perspecta the largest, single-year fundraising company in history for the Greater Washington Heart Walk. Employee populations across the country participated in local heart walks, Perspecta offices held fundraising events and the company held the first annual Perspecta Has Heart Charity Golf Tournament, which raised an impressive $239,000 for the cause.
CHANTILLY, Va., Jan. 30, 2019 /PRNewswire/ -- Perspecta Inc. (NYSE: PRSP), announced today that its innovative research arm, Perspecta Labs, played an integral role in the Defense Advanced Research Projects Agency's (DARPA) Liberty Eclipse Phase II exercise in collaboration with the Department of Energy and the Department of Homeland Security to test grid recovery tools during a staged, multi-faceted cyberattack on a U.S. power grid. The realistic exercise actually replicated a cyberattack and monitors its recovery in real-time. Liberty Eclipse Phase II is the fourth and largest thus far in a series of exercises under DARPA's Rapid Attack Detection Isolation and Characterization Systems (RADICS) research program.
CHANTILLY, Va., Jan. 22, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it has been awarded a prime contract under the United States Army's Information Technology Enterprise Solutions 3 Services (ITES-3S) program. The purpose of the ITES-3S contract vehicle is to provide the U.S. Army with a full range of enterprise-level IT services and solutions to satisfy and support its Enterprise Network Vision worldwide. This vision includes transforming the Army network by retaining the best of its current capabilities and developing improved interoperable functionality through new technology solutions and services.
CHANTILLY, Va., Jan. 16, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it has been awarded the CAL-ACCESS Replacement System contract from the California Secretary of State. The California Automated Lobby and Campaign Contribution and Expenditure Search System (CAL-ACCESS) provides public access to financial information supplied by state candidates, donors, lobbyists and others. Under the contract, Perspecta will partner with PCC Technology Inc. (PCC) to design, develop and implement a modern system to replace the existing CAL-ACCESS system.
CHANTILLY, Va., Jan. 14, 2019 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today it will issue its third quarter fiscal year 2019 earnings press release after close of market on Wednesday, February 13, 2019. Members of Perspecta's executive team will discuss the results in a conference call beginning at 5:00 p.m. Eastern Standard Time. A replay of the conference call will be available on the company website approximately two hours after the conclusion of the call.
[Editor's note: This story was originally published in November 2018. It has since been updated and republished. The writer's opinions may have shifted since its initial publication.] All good things must come to an end, as market participants are finding out. Over the past few months, the Dow Jones has gyrated wildly from hitting all-time highs to suffering gut-checking lows. While virtually all sectors have fallen on hard times, tech stocks have bore the brunt of the damage. Since the beginning of October, the benchmark exchange-traded fund Technology Select Sector SPDR Fund (NYSEARCA:XLK) has dipped into double-digit losses. That compares unfavorably to the broader SPDR S&P 500 ETF (NYSEARCA:SPY), which absorbed a 7% loss over the same timeframe. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Similar to other sectors, the main culprit responsible for the decline in tech stocks is China. The specter of a full-blown trade war haunts the markets, and for understandable reasons. Because it's the world's second-biggest economy, a deteriorating relationship with China hurts both sides. At the same time, President Donald Trump is in no mood to show weakness after a disappointing midterm election for Republicans. He'll continue appealing to his voter base, which means acting tough on China and keeping the government closed until he gets what he wants to build his wall. Nevertheless, we're witnessing encouraging results from Wall Street. But because so many names in the tech sphere have incurred severe volatility, they essentially represent potentially lucrative stocks to buy. A notable figure buying into this storyline is none other than the Oracle of Omaha, Warren Buffett. * 10 Blue-Chip Stocks That Will Lose You Money Of course, this is still a risky sector and it involves some knife-catching. Still, if you've got the contrarian urges, here are seven tech stocks to buy: Source: Shutterstock ### Nvidia (NVDA) Earlier this summer, Cowen analyst Matthew Ramsay boldly declared that Nvidia (NASDAQ:NVDA) has protection against China's retaliatory tariffs. The reasoning made sense at the time. The Chinese semiconductor industry couldn't hold a candle to its American counterparts. Therefore, they would hurt themselves with a retaliatory strike. Unfortunately, NVDA stock didn't receive the memo. In the second half of 2018, Nvidia shares plummeted, with NVDA ending the year down 31%. I understand the volatility. Having a trade war with China does very few industries any good, especially tech stocks. As cyclical investments, several shareholders panicked out of NVDA stock. An earnings disappointment resulted in yet another big selloff overnight and into this morning. But the hard numbers suggest the selloff has gone a bit too far. Few companies are as financially solid as Nvidia, which features a strong balance sheet as well as good profitability and growth metrics. This has led to the markets placing a significant premium on NVDA stock. Near the start of this year, it traded at 51 times trailing earnings. Now, NVDA stock trades at close to 18 times earnings. Better yet, it's still the same Nvidia … only at a steep discount. Source: Shutterstock ### Intel (INTC) In the ongoing market debate between Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD), AMD wins this year hands down. Despite going on a wickedly-turbulent ride, AMD shares have gained a whopping 99%. On the other hand, INTC stock has earned a comparatively-pedestrian 5%. As I noted recently, AMD makes a strong contrarian case. Its market value has taken a beating, but it has proven support where it recently landed. The risk factor is that AMD is notoriously volatile. It could shoot to the moon, or it could crater. If you're angling for a more reliable contrarian asset, I'd look at INTC stock. Intel doesn't have AMD's present sex appeal. However, resounding fundamental strengths back INTC stock, which many tech stocks can't say. Primarily, Intel has the financial resources to weather difficult times. Once the weather clears, management can use these resources to invest aggressively into the industries of tomorrow. * The 7 Best Stocks in the Entrepreneur Index Finally, INTC stock pays a dividend. It's not much, but at a time when major indices have struggled for traction, Intel stands out from the crowd. Source: Shutterstock ### Amazon (AMZN) I've always admired Amazon (NASDAQ:AMZN) as a sheer dominating force. AMZN stock is like LeBron James dunking on some fool that dares challenge him. You know what's going to happen, but you watch for the guttural joy of it all. That said, it's AMZN stock that is now getting "posterized," as they say in the NBA. After getting off to a brilliant start and maintaining that momentum throughout most of the year, Amazon received a gut-check in September. The following month, the markets mercilessly laid into the e-commerce giant, dropping its shares 21%. But is this the time to go contrarian on AMZN stock? My InvestorPlace colleague Tyler Craig doesn't think so. He views Amazon as a dead-cat bounce. Considering that the company has had difficulty breaking past its 200-day moving average, I see his point. On the flipside, though, AMZN stock has countered prior negative technical posturing with significant vigor. Recall that in early spring of this year, Amazon suffered a brief 14% decline before rebounding sharply. History isn't guaranteed to repeat. One thing I do know is that you're probably better served betting on AMZN stock than betting against it. Source: Shutterstock ### Oracle (ORCL) When considering the best tech stocks to buy, Oracle (NYSE:ORCL) isn't the first name that springs to mind. I'm not even sure it makes the top 20. While I believe the company has several positives to offer, ORCL stock just doesn't generate broader appeal. But after watching so many top-ranked organizations stumble in the markets recently, we should all give Oracle another look. Year-to-date, ORCL stock has gained slightly above 8%. While that's not a compelling figure, ORCL is one of the few tech stocks that have held through the storm. Plus, shares are up over 3% in November, going completely against the grain. That said, the biggest reason I included ORCL stock in this list of tech stocks to buy is Warren Buffett. The Oracle recently bought shares in the enterprise software and cloud-computing company. Interestingly, Buffett loves the titans of industry, particularly those who lever a moat in their core business. * 7 Best Stocks to Buy Until the Next Seismic Shift And what's Oracle's moat? That they enjoy brand advantage with big businesses. The company has established a powerful reputation with Global 500 firms, which makes it harder for smaller entities to compete. ### Perspecta (PRSP) Among contrarian tech stocks to buy, Perspecta (NYSE:PRSP) is a fresh face. Launching its initial public offering in May of this year, the IT and business-solutions company hasn't had time to feel out the markets. Unfortunately, that hasn't exempted PRSP stock from severe punishment. During the October rout, Perspecta shares dropped 5.5%. In the current month, PRSP stock has hemorrhaged nearly 11%. But even though we don't have much technical price history to work with, some analysts are stating it's oversold. I agree. With PRSP stock, you must focus on the fundamentals. The underlying company's biggest clients are government agencies. From my experience, the government is only good at two things: collecting money, and spending it. While that irks us all during tax season, having such clientele boost Perspecta's longer-term potential. ### Teradyne (TER) Teradyne (NYSE:TER) has easily suffered one of the worst performances among tech stocks. Since the January opener, TER stock has shed 14%. This is not one of those stories in which an organization did well in the first half, and petered out in the second. No, Teradyne simply disappointed throughout much of 2018. However, recent signals indicate that you should place TER in your list of stocks to buy. On Thursday's session, Teradyne shares closed up 4.6%, helping to boost the overall technology sector. Not only that, I think a bottom may have formed already. Last month, the bears had an opportunity to sink TER stock below its $32 long-term support line, but failed. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns If you're a contrarian investor, you should seriously consider taking a gamble. TER stock boasts impressive fundamentals, featuring a strong balance sheet, as well as lofty profitability and growth metrics. Plus, due to the broader volatility among tech stocks, Teradyne's valuation has come significantly down from its highs. Source: Shutterstock ### CACI International (CACI) Part tech firm and part defense contractor, CACI International (NYSE:CACI) is in a unique position to rise above the muck. CACI specializes in information solutions and services but with a focus on missions critical to national security. Hence, CACI stock is one of the few tech stocks that could benefit from a contentious relationship with China. The robustness and resilience of the company's business model are reflected in the technical charts. Generally speaking, CACI stock has avoided the volatility that has impacted "regular" tech firms. For instance, CACA shares dropped 3.5% during the October selloff. Yes, the company incurred a loss … but it was a minor one compared to most other names. Moving forward, I expect CACI stock to keep chipping away. Just like the situation with Perspecta, the underlying firm has a clientele with virtually-limitless pockets. Moreover, CACI is a necessity: if it fails, we as a country risk vulnerability to our way of life. Do it for patriotic reasons or for its upside potential; either way, CACI stock can help lead its sector to a resurgence. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 7 Tech Stocks That Can Lead a Sector Turnaround appeared first on InvestorPlace.
CHANTILLY, Va., Dec. 18, 2018 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, today announced that on Dec. 12, 2018, that it successfully closed the first amendment to its credit agreement dated as of May 31, 2018. The amendment includes a 25 basis point reduction in the interest rate applicable to the company's drawn $2.530 billion Pro Rata Facilities ($600 million Revolving Facility and $1.930 billion Term Loan A Facilities), and a 5 basis point reduction in the interest rate applicable to the company's unused commitment fee with respect to the Revolving Credit Facility, with no increase in any borrowing. The interest rate applicable for the company's Term Loan B Facility remains unchanged.
Cost-cutting efforts inside the Department of Defense could create opportunities and risks for a number of top contractors.
CHANTILLY, Va., Dec. 11, 2018 /PRNewswire/ -- Perspecta Inc. (PRSP), a leading U.S. government services provider, announced today that it was awarded a prime contract on the Centers for Disease Control and Prevention's (CDC) Geospatial Research, Analysis, and Services Program (GRASP). To date, Perspecta has been awarded 11 task orders on the contract totaling approximately $14.2 million. On the GRASP contract, Perspecta will support the Agency for Toxic Substances and Disease Registry (ATSDR), the Centers for Disease Control and Prevention (CDC), and CDC/ATSDR public health partners to respond to public health threats using spatial data analysis and communication capabilities to effectively analyze location and health information.