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Tag: Kratos stock

  • Kratos (KTOS) Stock Price Has Not Reacted To Insider Sales

    Kratos (KTOS) Stock Price Has Not Reacted To Insider Sales

    On the US chart, Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) concluded Thursday’s trading almost unchanged. Kratos shares ended the session at $20.59, down only 0.10%. Even after insider selling, KTOS shares stabilized.

    Steven S. Fendley, President of Kratos’ US Division, sold 7,000 shares of KTOS, according to information disclosed in an SEC filing released yesterday. With total revenues of $142,798 the executive completed the deal at a price of $20.40 per share.

    Recent developments at KTOS have been keeping the stock price higher despite insider selling. At the inaugural DIFI Plugfest, where satellite solution vendors gathered to test the interoperability of their Digital IF technologies, Kratos (KTOS) recently showed 100% interoperability success.

    The Digital IF Interoperability (DIFI) Consortium is an autonomous worldwide consortium of businesses, associations, and governmental bodies interested in ensuring that satellite ground system equipment is interoperable. It was established under the IEEE’s sponsorship.

    With the help of the Digital IF/RF standard, the industry is expected to transition more quickly from stovepiped, hardware-based systems to fully digital software-defined networks. “Plugfests” are gatherings when suppliers evaluate each other’s software and electrical equipment compatibility according to a technical standard.

    In this first DIFI Plugfest, seven equipment manufacturers took part, with Kratos offering the most devices tested. In order to mainstream satellite networks into the global communications infrastructure, Kratos is spearheading the effort to develop solutions that are standards-based and interoperable.

    The success of Kratos products across the board at DIFI’s Plugfest event was indicative of such leadership. Using its quantum, SpectralNet, and OpenSpace products, Kratos is constructing a digital future that will provide more efficient, adaptable, and reasonably priced satellite services to all corners of the globe.

    The cornerstone of Kratos’ continuous endeavor to facilitate the integrating of satellite services and ensure that satellite ground systems function flawlessly with today’s wireless and terrestrial networks is the adoption of the DIFI standard across a broad range of ground system products.

  • Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    Early Morning Vibes: Don’t Miss On These 4 Growth Stocks

    On February 17, American stock exchanges closed in different directions. The S&P 500 index dropped by a purely symbolic 0.03%, to 3931 points, the NASDAQ lost 0.58%, and the Dow Jones added 0.29%. Retail sales rose sharply in January thanks to direct payments to the public, which supported the bullish sentiment. The market saw a capital flow from growth stocks to value stocks, which made the IT sector an outsider, losing 1.03%. The energy sector remained among the leaders and grew by 1.45% amid rising oil prices.

    Company news

    QuantumScape (QS: + 31.4%) announced a breakthrough in the development of next generation solid state batteries.

    Popular website builder Wix.com’s quarterly results (WIX: + 8.1%) exceeded expectations, as did the company’s forecasts for 2021.

    Shopify’s (SHOP: -3.3%) revenue and operating numbers were above consensus, but the stock is up more than 25% YTD, so investors have taken profits.

    Today, global stock exchanges are showing mostly negative dynamics. The published minutes of the FRS meeting, held on January 26-27, fully coincided with the expectations of investors. The meeting participants did not discuss the reduction of the asset purchase program, since macroeconomic indicators do not allow even considering such a possibility. The factor of ultra-soft monetary policy has been in the field of view of investors for a long time, so the degree of its influence is gradually decreasing.

    Note that positive data on retail sales in January (+ 5.3% mom) confirmed the effectiveness of fiscal stimulation by direct payments to the population. The stimulus package currently under discussion includes direct payments of $ 1,400, more than double the previous subsidy. In this regard, a similar increase in consumer spending can be expected in April and May.

    In the short term, a correction in the S&P 500 index is not ruled out, since a sharp rise in bond yields and the prospects for an early opening of the economy may lead to some capital outflow from the US tech sector. Cyclical sectors can look stronger than the market.

    The data on the issued building permits for January will be published today. A slight decrease is expected compared to the previous month, when the highest level in more than 10 years was recorded (forecast: 1.678 million, previous value: 1.704 million). The real estate market remains in excellent shape, so a slight slowdown in construction growth will only protect it from overheating.

    The Freedom Finance Sentiment Index remains at 78 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about the negative impact of the coronavirus pandemic are gradually diminishing thanks to the prospects for mass vaccinations.

    Technically, the S&P 500 is still in an uptrend. The upper limit of this trend still limits the growth potential of the broad market index. On the eve of the “bulls” showed weakness, which, however, turned out to be short-lived. In the short term, a correction or consolidation is likely, as the RSI indicator is forming a bearish divergence near the overbought zone.

    Today Top Movers

    Tilray Inc (TLRY) stock ascended 8.19% at $34.09 in the pre-market trading today after the company declared financial results for the full fiscal year and fourth quarter ended December 31, 2020.

    Avinger Inc (AVGR) gained over 58.58% at $2.68 in pre-market ‎trading on Thursday.‎‎ Avinger, Inc. to be issued US Patent No. 10,932,670 by the US Patent and Trademark Office on 3/2, titled: OPTICAL PRESSURE SENSOR ASSEMBLY.

    Onconova Therapeutics Inc (ONTX) grew over 15.23% at $1.74 in pre-market trading ‎today following the closing of a $28.75 million public offering of common stock.

    Luokung Technology Corp (LKCO) stock moved up 14.02 percent to $2.52 in the pre-market ‎trading. The firm recently declared a $100 million registered direct offering priced at the market under Nasdaq Rules.‎

    Top Upgrades & Downgrades

    Berenberg turned bullish on STMicroelectronics N.V. (STM), upgrading the stock to “Hold”. 

    Mohawk Industries Inc. (MHK) has won the favor of Credit Suisse’s equity research team. The firm upgraded the shares from Underperform to Neutral and moved their price target to $180. 

    Wells Fargo & Company (WFC) received an upgrade from analysts at JPMorgan, who also set their one-year price target on the stock to $37. They changed their rating on WFC to Neutral from Underweight in a recently issued research note. 

    Earlier Thursday Kepler Cheuvreux reduced its rating on TechnipFMC plc (FTI) stock to Hold from Buy and assigned the price target to 8.21. 

    Credit Suisse analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Noble Midstream Partners LP (NBLX) has been changed to Neutral from Outperform and the new price target is set at $13.5. 

    Analysts at Baird downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Neutral from Outperform Thursday.

    Latest Insider Activity

    Freeport-McMoRan Inc. (FCX) VP Controller & Financial Rptg WHITMIRE C DONALD JR announced the sale of shares taking place on Feb 12 at $30.84 for some 48,240 shares. The total came to more than $1.49 million. 

    Marvell Technology Group Ltd. (MRVL) CEO and President MURPHY MATTHEW J sold on Feb 16 a total of 282,328 shares at $53.20 on average. The insider’s sale generated proceeds of almost $0.4 million. 

    New York Community Bancorp, Inc. (NYCB) Director Rosenfeld Ronald A. declared the purchase of shares taking place on Feb 09 at $10.63 for some 5,000 shares. The transaction amount was around $53,169. 

    CVS Health Corporation (CVS) Director LUDWIG EDWARD J bought on Feb 17 a total 14,334 shares at $72.00 on average. The purchase cost the insider an estimated $216,000.

    Important Earnings

    Top US earnings releases scheduled for today include Barrick Gold Corporation (NYSE: GOLD). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.31 per share from revenues of $3.27B in the three-month period. 

    Analysts expect Walmart Inc. (NYSE: WMT) to report a net income (adjusted) of $1.51 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $148.47B. 

    Host Hotels & Resorts Inc. (HST), due to announce earnings after the market closes today, is expected to report earnings of -$0.42 per share from revenues of $243.28M recently concluded three-month period.

  • Early Morning Vibes: 4 Stocks We Like for Thursday

    Early Morning Vibes: 4 Stocks We Like for Thursday

    These are turbulent times in America. Trump supporters swept into the Capitol, the seat of Washington’s representatives. Things got so bad in the capital of the United States that Donald Trump’s social media accounts were suspended by Twitter and Facebook. In an initial reaction, the American indices fell. But these seem to have recovered significantly this morning. The reason for the event is a possible blue wave as the Democrats seem to be bringing in the Senate. In this way Biden will be able to fulfill much more of his political agenda. Deutsche Bank has already announced that they expect additional stimulus from this victory. The German bank expects that the additional support package for the coming year could be between $ 750 billion and $ 1 trillion. Good for US equities, bad for the value of the US dollar.

    Market Update

    Yesterday the S&P 500 rose 0.57% to close at 3,748 points. The Nasdaq 100 fell 1.40% to close at 12,623 points. Not a very good day for technology stocks. America’s oldest index, the Dow Jones, closed 1.44% in green at 30,829 points.

    Corporate News

    NVIDIA all set for takeover

    NVIDIA, the manufacturer of computer components, has made an offer of $ 40 billion for the technology company Arm. The latter is the UK’s most valuable technology company. NVIDIA has announced that they would like to keep the headquarters in the United Kingdom and fully focus on AI (artificial intelligence) via Arm. The British government has already announced that they want guarantees about permanent employment. Furthermore, the CMA (Competition and Markets Authority) also has a leading role to play after Brexit. Previously, the wings of this UK institution had been cut short by European regulators. The CMA will consider whether this acquisition would create unfair competition and will reach a decision within 18 months at the earliest. The NVIDIA stock is listed on Nasdaq, falling 5.90% yesterday during regular trading time.

    Today Top Movers

    Plug Power Inc (PLUG) climbed about 19.91% ‎at $42.00 in pre-market trading Thursday after declaring partnership with SK Group to receive $1.5 billion investment. ‎

    Sos Ltd (SOS), a Medical Care Facilities company, share price soared 97.09% to $3.39 during early morning ‎trading session on Thursday following an announcement from the company that SOS has entered into employment agreement with Dr. Eric H. Yan, an expert in cryptocurrency mining, security and insurance technologies. ‎

    Guardion Health Sciences Inc (GHSI) stock ascended 17.94% at $0.77 in the pre-‎market trading today. ‎

    Future Fintech Group Inc (FTFT) gained over 55.95% at $.62 in pre-market ‎trading on Thursday.‎ The firm recently revealed that it has signed a term sheet with Blocknance Financial International SRL.

    Top Upgrades & Downgrades

    RBC Capital turned bullish on Tesla Inc. (TSLA), upgrading the stock to “Sector Perform” and assigning a $700.0 price target. 

    Wells Fargo & Company (WFC) has won the favor of Jefferies’s equity research team. The firm upgraded the shares from Hold to Buy and moved its price target to $38.0. 

    JPMorgan Chase & Co. (JPM) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $152.0. They changed their rating on JPM to Buy from Hold in a recently issued research note. 

    Earlier Thursday Jefferies reduced its rating on Air Products and Chemicals Inc. (APD) stock to Hold from Buy and assigned the price target to $324. 

    Jefferies analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Aerojet Rocketdyne Holdings Inc. (AJRD) has been changed to Hold from Buy and the new price target is set at $56.0. 

    Analysts at Jefferies downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Hold from Buy Thursday.

    Latest Insider Activity

    Yelp Inc. (YELP) Chief Executive Officer Stoppelman Jeremy announced the sale of shares taking place on Jan 04 at $29.98 for some 346,830 shares. The total came to more than $10.4 million. 

    The Charles Schwab Corporation (SCHW) Senior EVP Craig Jonathan M. sold on Jan 06 a total of 7,316 shares at $55.94 on average. The insider’s sale generated proceeds of almost $0.41 million. 

    Ring Energy Inc. (REI) 10% Owner Kruse William R declared the purchase of shares taking place on Dec 31 at $0.67 for some 619,898 shares. The transaction amount was around $0.41 million. 

    First Financial Bancorp. (FFBC) Director Rahe Maribeth S bought on Dec 31 a total 41,769 shares at $17.53 on average. The purchase cost the insider an estimated $12,499.

    Important Earnings

    Top US earnings releases scheduled for Monday include SYNNEX Corporation (NYSE: SNX). It will announce its Nov 2020 financial results. The company is expected to report earnings of $3.83 per share from revenues of $6.6B in the three-month period. 

    Analysts expect Limoneira Company (NASDAQ: LMNR) to report a net income (adjusted) of -$0.21 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Oct 2020 is predicted to come in at $29.19M. 

    Concentrix Corporation (CNXC), due to announce earnings after the market closes Monday, is expected to report earnings of $1.98 per share from revenues of $1.24B recently concluded three-month period.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    Key US stock index futures are mostly lower on Wednesday, while traders await the results of the US Senate elections and the announcement of the official results of the presidential elections in the country, trading data showed.

    Future for the Dow Jones Industrial Average (DJIA) grew by 0.13% – to 30325 points, on the NASDAQ high-tech index – decreased by 2.19%, to 12,513.88 points, on the broad market S&P 500 index – by 0.51%, to 3699.38 points.

    Investors are closely following the US Senate elections. According to NBC News, Democrat Rafael Warnock wins the second round of Senate elections in the US state of Georgia. Democrats need to win both Senate seats from Georgia in order to gain control of the US Senate after the House of Representatives and strengthen the capacity of the future Joe Biden administration to conduct domestic politics.

    At the same time, analysts believe that the victory of the Democrats in the Senate elections could have a positive effect on the market. The “Blue Wave” (Senate Democratic advantage – ed.) Could be a good outcome for the markets as strong stimulus measures will help accelerate the economic recovery, “said Vasu Menon, senior investment strategist at OCBC Bank Wealth Management, whose opinion also leads the agency.

    Today Top Movers

    Aurora Cannabis Inc (ACB), a Drug Manufacturer company, soared about 17.94% ‎at $11.44 in pre-market trading Wednesday.‎

    Sundial Growers Inc (SNDL) share price jumped 23.56% to $0.67 during early morning ‎trading session on Wednesday.‎

    9 Meters Biopharma Inc (NMTR) stock increased 25.23% at $1.34 in the pre-‎market trading today.

    IsoRay Inc (ISR) gained over ‎254.38‎% at $1.88 in pre-market ‎trading on Wednesday after receiving clearance from U.S. Food and Drug Administration (FDA) ‎for the use of C4 Imaging’s Sirius positive-signal MRI (Magnetic Resonance Imaging) Markers with Isoray’s Cesium-131, brachytherapy seeds.

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Cirrus Logic Inc. (CRUS), upgrading the stock to “Overweight” and assigning a $100.0 price target, representing potential upside of 15.79% from Tuesday’s close.

    MetLife Inc. (MET) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $52.0, suggesting 11.47% additional upside for the stock.

    J.B. Hunt Transport Services Inc. (JBHT) received an upgrade from analysts at Citigroup. They changed their rating on JBHT to Buy from Neutral in a recently issued research note.

    Earlier Wednesday RBC Capital reduced its rating on Perrigo Company plc (PRGO) stock to Sector Perform from Outperform and assigned the price target to $49.

    Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for American Electric Power Company, Inc. (AEP) has been changed to Equal-Weight from Overweight and the new price target is set at $88.

    Analysts at B. Riley Securities downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Neutral from Buy Wednesday.

    Latest Insider Activity

    fuboTV Inc. (FUBO) 10% Owner COMCAST CORP announced the sale of shares taking place on Dec 31 at $30.06 for some 500,000 shares. The total came to more than $15.03 million.

    Intercept Pharmaceuticals Inc. (ICPT) CFO and Treasurer Kapadia Sandip sold on Jan 05 a total 23,764 shares at $24.47 on average. The insider’s sale generated proceeds of almost $53663.

    Gritstone Oncology Inc. (GRTS) Director Woiwode Thomas declared the purchase of shares taking place on Dec 30 at $3.71 for some 1,347,709 shares. The transaction amount was around $5.0 million.

    Tonix Pharmaceuticals Holding Corp. (TNXP) Chief Executive Officer LEDERMAN SETH bought on Dec 30 a total 118,267 shares at $0.68 on average. The purchase cost the insider an estimated $23,800.

    Important Earnings

    Top US earnings releases scheduled for today include The Simply Good Foods Company (NASDAQ:SMPL). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.21 per share from revenues of $209.72M in the three-month period.

    Analysts expect The Greenbrier Companies Inc. (NYSE:GBX) to report a net income (adjusted) of -$0.07 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Nov 2020 is predicted to come in at $481.03M.

    Resources Connection Inc. (RGP), due to announce earnings after the market closes today, is expected to report earnings of $0.19 per share from revenues of $153.32M recently concluded three-month period.