Zacks Investment Research upgraded shares of KEYW (NASDAQ:KEYW) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The firm currently has $10.00 price target on the software maker’s stock.
According to Zacks, “KEYW Corporation with its subsidiaries is engaged in providing mission-critical cyber security and cyber superiority solutions to defense, intelligence and national security agencies. Its solutions, services and products support the collection, processing, analysis, and use of intelligence data and information in the domain of cyberspace. The Company provides a full range of engineering services as well as fully integrated platforms that support the entire intelligence process. Its platform includes products that it manufactures, as well as hardware and software that the Company integrates using its engineering services. Its current customers include the National Security Agency (NSA), other intelligence agencies, the Department of Defense (including major agencies and branches within the Department of Defense) and other federal defense and law enforcement agencies. KEYW Corporation is headquartered in Hanover, Maryland. “
A number of other equities research analysts also recently issued reports on the stock. Noble Financial set a $11.00 price objective on shares of KEYW and gave the stock a buy rating in a research report on Wednesday, August 1st. BidaskClub raised shares of KEYW from a buy rating to a strong-buy rating in a research report on Thursday, September 6th. William Blair initiated coverage on shares of KEYW in a research report on Monday, October 1st. They issued an outperform rating for the company. Stifel Nicolaus reduced their price objective on shares of KEYW from $9.00 to $8.00 and set a hold rating for the company in a research report on Thursday, August 2nd. Finally, ValuEngine raised shares of KEYW from a sell rating to a hold rating in a research report on Thursday, August 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $9.83.
Shares of KEYW traded down $0.14 on Wednesday, reaching $8.17. The company’s stock had a trading volume of 292,399 shares, compared to its average volume of 506,078. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.35 and a quick ratio of 1.95. KEYW has a twelve month low of $4.94 and a twelve month high of $9.84. The firm has a market capitalization of $431.95 million, a PE ratio of -18.16 and a beta of 0.56.
KEYW (NASDAQ:KEYW) last issued its quarterly earnings data on Wednesday, August 1st. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.01). KEYW had a negative return on equity of 1.47% and a negative net margin of 0.52%. The firm had revenue of $128.14 million during the quarter, compared to the consensus estimate of $124.91 million. During the same period in the previous year, the company posted ($0.37) earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts expect that KEYW will post -0.11 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP grew its position in shares of KEYW by 15.8% during the 2nd quarter. Engineers Gate Manager LP now owns 70,113 shares of the software maker’s stock valued at $613,000 after acquiring an additional 9,588 shares during the period. Aperio Group LLC grew its position in shares of KEYW by 23.1% during the 2nd quarter. Aperio Group LLC now owns 57,993 shares of the software maker’s stock valued at $507,000 after acquiring an additional 10,894 shares during the period. SG Americas Securities LLC bought a new position in shares of KEYW during the 2nd quarter valued at approximately $104,000. Swiss National Bank grew its position in shares of KEYW by 16.1% during the 2nd quarter. Swiss National Bank now owns 87,800 shares of the software maker’s stock valued at $767,000 after acquiring an additional 12,200 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of KEYW during the 2nd quarter valued at approximately $109,000. 98.83% of the stock is owned by hedge funds and other institutional investors.
KEYW Company Profile
The KeyW Holding Corporation, together with its subsidiaries, provides engineering and technology solutions to support the collection, processing, analysis, and dissemination of information across the spectrum of the intelligence, cyber, and counterterrorism communities in the United States. The company's solutions are designed to meet the critical needs of agile intelligence and U.S.
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