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Kratos Defense & Security Solutions, Inc. (KTOS) provides mission critical products, solutions, and services in the United States.
The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security.
The Kratos Government Solutions segment offers microwave electronic products; satellite communications; technical and training solutions; modular systems; and defense and rocket support services.
The Unmanned Systems segment provides unmanned aerial, ground, and seaborne, as well as command, control, and communications systems.
The Public Safety & Security segment designs, engineers, deploys, operates, integrates, maintains, and operates security and surveillance solutions for homeland security, public safety, critical infrastructure, government, and commercial customers.
The company serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers; and critical infrastructure, power generation, power transport, nuclear energy, financial, IT, healthcare, education, transportation, and petro-chemical industries, as well as government and military customers.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. On May 8th, Kratos reported 1st Quarter March 2019 earnings of $0.06 per share on revenue of $160.4 million. The consensus estimate was for breakeven results on revenue of $153.2 million. Revenue grew 12.2% on a year-over-year basis.
The company said it expects second quarter revenue of $175.0 million to $185.0 million and continues to expect 2019 revenue of $720.0 million to $760.0 million. The current consensus estimate is revenue of $175.4 million for the quarter ending June 30, 2019 and revenue of $731.1 million for the year ending December 31, 2019.
52-Weeks Trading Range: $11.26 to $23.46
Entry Point: $22.40
Stop Loss: $21.20
Targt Price: $24.65
KTOS closed at $24.96
