Science Applications International Corporation SAIC will release its fourth-quarter financial results, before the opening bell, on Monday, March 17.
Science Applications International Corporation SAIC will release its fourth-quarter financial results, before the opening bell, on Monday, March 17.
Last week's news that Europe intends to boost defense spending is translating into gains for U.S. defense stocks Lockheed Martin (LMT 2.70%) and Science Applications International (SAIC 1.66%) this morning. As of 10:10 a.m.
The U.S. Department of Defense has launched a massive review of consulting services contracts, with an eye toward making cuts.
Chinese automaker SAIC Motor has announced a partnership with tech giant Huawei to develop advanced smart electric vehicles. The collaboration will focus on manufacturing, supply chain management, and sales, though specific models have not been disclosed.
Time To Look At Science Applications International In A Positive Light Again
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Science Applications secures a deal worth $170.9 million from the Texas Department of Information Resources.
Science Applications secures prime position on the $1.8 billion Personnel and Readiness Infrastructure Support Management contract.
SAIC (SAIC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
SAIC (SAIC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Benefits from existing businesses and new contract wins aid Science Applications' Q3 revenues, while lower SG&A expenses drive earnings.