Yahoo Finance Why This 1 Computer and Technology Stock Could Be a Great Addition to Your Portfolio
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to CACI International (CACI)
Based in Reston, VA, CACI International delivers IT applications and infrastructure to improve communications and secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. The company’s solutions enrich defense and intelligence capabilities, assure homeland security, improve decision-making, and help customers operate smartly and proficiently.
On December 2, 2015, CACI was added to the Zacks Focus List at $103.31 per share. Shares have increased 323.12% to $437.13 since then.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.06 to $20.35. CACI also boasts an average earnings surprise of 1.7%.
Moreover, analysts are expecting CACI International's earnings to grow 8.1% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like CACI, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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CACI International, Inc. (CACI) : Free Stock Analysis Report
