Yahoo Finance Why CACI International (CACI) is a Top Stock for the Long-Term
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
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.
CACI was added to the Zacks Focus List on December 2, 2015 at $103.31 per share. Since then, shares have increased 252.4% to $364.06.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.03 to $20.27. CACI also boasts an average earnings surprise of 2.2%.
Moreover, analysts are expecting CACI International's earnings to grow 7.7% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like CACI, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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CACI International, Inc. (CACI) : Free Stock Analysis Report
