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Recap: Mantech Intl Q4 Earnings

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Benzinga Insights
·1 min read
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Shares of Mantech Intl (NASDAQ:MANT) rose in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 9.88% over the past year to $0.89, which beat the estimate of $0.79.

Revenue of $638,784,000 rose by 5.69% year over year, which beat the estimate of $628,570,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Feb 17, 2021

View more earnings on MANT

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/f2jksaf3

Price Action

52-week high: $101.35

52-week low: $55.25

Price action over last quarter: Up 23.65%

Company Description

Mantech International Corp provides mission-focused technology solutions and services for U.S. defense, the intelligence community, and federal civilian agencies. The company provides full-spectrum cyber, encompassing defense, resilience, offense, analytics, and compliance. It offers professional and technical solutions, and support services; command-and-control infrastructure, intelligence, surveillance and reconnaissance platforms and sensors, and data services; and vulnerability assessment, insider threat protection, exposure analysis, secrecy architecture design, security policy development and implementation, lifecycle acquisition program security, anti-tamper, export compliance support, foreign disclosure, system security engineering, security awareness and training.

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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    GameStop Corp. (NYSE: GME) shares closed at $101.74 Friday after the stock surged from under $45 on Wednesday to as high as $184.68 on Thursday. Some traders may see the extreme volatility in GameStop as chaotic and unbelievable, but former hedge fund manager Whitney Tilson said Friday that GameStop and other meme stocks like AMC Entertainment Holdings Inc (NYSE: AMC) and Koss Corporation (NASDAQ: KOSS) have demonstrated textbook dead cat bounces this week. A dead cat bounce is a large, short-lived recovery in a stock that has experienced an extreme decline. Unfortunately, dead cat bounces tend to be bull traps for traders, tricking some buyers into prematurely believing the bottom is in. Related Link: Kevin O'Leary Of 'Shark Tank,' Benzinga CEO Jason Raznick Talk GameStop, Bitcoin And Economic Recovery Trades “Mark my words: These three stocks will never again reach the highs they hit yesterday and will continue their collapses back to their fair values, which are much lower than today's levels,” Tilson wrote in his daily newsletter on Friday morning. The Law Of Twos And Threes: Tilson said the recent trading action in GameStop, AMC, Koss and other stocks reminds him of a rule of thumb a mentor once called “law of twos and threes. “What this means, he explained, is that every stock, on its way to zero, doubles three times and triples twice!” Tilson said. While he doesn’t believe GameStop, AMC and Koss are worth zero, Tilson said they are only worth a fraction of what they are priced at today. Tilson said the trading action in GameStop and other stocks ultimately results in retail traders losing money and faith in the market, which is bad news for every investor. “What's going on sickens me — it's high time that regulators cracked down on all the things that have turned our markets into casinos,” Tilson wrote. Benzinga’s Take: Love it or hate it, there’s no question the retail short squeeze pump-and-dump strategy has worked like a charm with GameStop. Successfully timing the entry and exit points in highly volatile short squeezes can be extremely difficult, even for professional traders. Latest Ratings for GME DateFirmActionFromTo Jan 2021B of A SecuritiesMaintainsUnderperform Jan 2021Telsey Advisory GroupDowngradesOutperformUnderperform Oct 2020JefferiesDowngradesBuyHold View More Analyst Ratings for GME View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaKevin O'Leary Of 'Shark Tank,' Benzinga CEO Jason Raznick Talk GameStop, Bitcoin And Economic Recovery TradesGameStop Drama Continues: Soaring Stock Halted, Cramer, Citron Weigh In© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 'SPACS Attack' Weekly Recap: Looking Back At 11 Deal Announcements, New SPACs To Watch And Headline News

    The stock market brought several SPAC merger announcements, rumors and headlines throughout the trading week, as we covered on Benzinga’s "SPACs Attack" show. Here is a look back at the deals announced, some new SPACs to watch and top headlines. SPAC Deals Additive manufacturing leader Markforged announced a SPAC deal with One (NYSE: AONE). The company counts Microsoft Corporation (NASDAQ: MSFT) and Porsche as investors and has a list of blue chip customers. Markforged had revenue of $70 million in fiscal 2020 and sees revenue growing at a compounded annual growth rate of 68% from fiscal 2021 to fiscal 2025. Reinvent Technology Partners (NYSE: RTP) announced a merger with urban air mobility company Joby Aviation. The company’s eVTOL aircraft is planning to launch passenger service in 2024, targeting high urban traffic areas. Joby Aviation acquired a portion of Uber Technologies’ (NYSE: UBER) business and will partner with them on passenger service. Robotics and automation solutions company Berkshire Grey announced a merger with Revolution Acceleration Acquisition Corp (NASDAQ: RAAC). The company has a pipeline of $1.7 billion in deals, including several blue chip customers. The company’s backlog represents 85% of fiscal 2021 guidance of $59 million and 40% of fiscal 2022 guidance of $119 million. India’s largest renewable energy company ReNew Power is going public in an $8 billion deal with RMG Acquisition Corp II (NASDAQ: RMGB). The company has over 100 operational utilities in wind and solar energy. ReNew Power is the 12th largest global clean energy utility by capacity in the world. The company is projecting revenue of $699 million in fiscal 2021 and $952 million in fiscal 2022. Battery company Enovix announced a $1.1 billion SPAC deal with Rodgers Silicon Valley Acquisition Corp (NASDAQ: RSVA). The company is targeting markets like laptops, land mobile radio, smartwatches, augmented reality and virtual reality with its batteries. Enovix is projecting revenue of $176 million in fiscal 2023, the first year of its factory production ramp-up. The highly anticipated merger announcement came this week from Lucid Motors and Churchill Capital Corp IV (NYSE: CCIV). The deal valued Lucid Motors at $11.75 billion based on the $10 offering price. A $2.5 billion PIPE (Private Investment in Public Equity — a way to attract investment from accredited investors) saw investors value the company at $24 billion with shares priced at $15. The electric vehicle company is planning to bring the Lucid Air luxury car to market later in 2021. Trident Acquisitions Corp (NASDAQ: TDAC) announced a definitive agreement to take Lottery.com public via SPAC. Lottery.com is projecting revenue of $71 million in fiscal 2021 and $280 million in fiscal 2022. Apex Clearing is merging with Northern Star Investment Corp II (NYSE: NSTB). The merger values Apex Clearing at over $4.6 billion. The company is estimating revenue of $290 million for fiscal 2021. Xos Trucks, a commercial electric vehicle company, announced a $1.5 billion SPAC deal with NextGen Acquisition Corp (NASDAQ: NGAC). The company has minimal revenue projected until fiscal 2022 when it expects to see revenue of $271 million. Outpatient physical therapy company ATI Physical Therapy announced a SPAC deal with Fortress Value Acquisition Corp II (NYSE: FAII). The company saw revenue decline 25% year-over-year to $591 million in fiscal 2020 due to the COVID-19 pandemic. Data center company Cyxtera announced a SPAC merger agreement with Starboard Value Acquisition Corp (NASDAQ: SVAC). The company has 61 data centers in 29 markets around the world. Cyxtera had revenue of $690 million in fiscal 2020. Related Link: 9 Key Takeaways From The Lucid Motors SPAC Merger SPAC Rumors Bloomberg reports Vision+, the Netflix Inc (NASDAQ: NFLX) of Indonesia, is in talks to merge with Malacca Straits Acquisition (NASDAQ: MLAC). IndiaTimes reports online grocery store Grofers in in talks with several SPACs including CF Acquisition Corp IV (NASDAQ: CFIV) for a possible deal to go public. Metal mining company DeepGreen Metals is in talks to merge with Sustainable Opportunities Acquisition Corp (NYSE: SOAC). DMY Technology Group Inc III (NYSE: DMYI) is in talks with quantum computing company IonQ on a possible SPAC merger. New SPACs: Kensington Capital Acquisition Corp II (NASDAQ: KCACU) units began trading on Friday. The SPAC is from the same team that took QuantumScape Corp (NYSE: QS) public. Fusion Acquisition Corp II (NASDAQ:FSNBU) units began trading on Friday. The team also has a pending merger with MoneyLion through its previous SPAC Fusion Acquisition (NYSE: FUSE). Soaring Eagle Acquisition Corp (NASDAQ: SRNGU) raised over $1.5 billion in an offering last week. The SPAC comes from Harry Sloan and Jeff Sagansky, the same team that took DraftKings Inc and Skillz Inc (NYSE: SKLZ) public. Headlines Lion Electric and Proterra both signed electric bus deals during the week, which helped shares of their respective SPACs. Lion Electric, going public with Northern Genesis Acquisition Corp (NYSE: NGA), signed a deal with the Los Angeles School District. Proterra, going public with ArcLight Clean Transition Corp (NASDAQ: ACTC), signed a deal for 1,200 electric school buses over 10 years for a school district in Maryland. Fisker (NYSE: FSR) made headlines several times during the week. The electric vehicle company announced a new partnership with Foxconn. Fisker also reported fourth quarter earnings where it highlighted 12,467 reservations for the Fisker Ocean electric SUV. On Friday, former SPAC DraftKings Inc (NASDAQ: DKNG) reported fourth quarter revenue of $322 million. The figure was up 146% year-over-year and came in ahead of the Street consensus estimate of $233 million. DraftKings raised its full fiscal 2021 revenue guidance to a range of $900 million to $1 billion. Be sure to tune into SPACs Attack, Monday through Friday, 11 a.m. EST. Below are links to the past week’s shows: Monday: Best SPAC Stocks Trending Tuesday: Faraday Future CEO Interview Wednesday: Ree Automotive CEO Interview Thursday: Top SPACs For 2021 Update Friday: Buy the Dip? Disclosure: Author is long shares FSR, FSNBU, RTP, RMGB, CCIV, RAAC, SRNGU, SOAC and NGA. Photo courtesy of Joby Aviation. See more from BenzingaClick here for options trades from BenzingaJim Cramer Shares 10 SPACs 'To Die For'5 Things You Might Not Know About Churchill Capital's Michael Klein© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Cathie Wood’s Main ETF Rebounds After $4.9 Billion Asset Plunge

    (Bloomberg) -- Ark Investment Management’s miserable week showed signs of easing on Friday, with its flagship exchange-traded fund halting a four-day slide.The ARK Innovation ETF (ticker ARKK) closed higher, after swinging between gains and losses throughout the session. It still dropped 15% this week amid a technology selloff that was triggered by rising Treasury yields, putting pressure on high-flying stocks. One of those shares is electric-car maker Tesla Inc., which remains as the ETF’s biggest holding and has faced intense volatility.The last time Ark founder Cathie Wood suffered a weekly run this bad was almost a year ago, during the worst of the Covid-fueled mayhem. Her main fund is now 11 times larger than it was then. It got close to erasing its gains for 2021 this week after soaring as much as 26% since the end of December.Assets in the ETF have slumped by $4.9 billion this week to $23.3 billion, according to data compiled by Bloomberg. The figure doesn’t include flows from Thursday, when ARKK dropped 6.4% for its worst day in almost six months. Investors pulled about $200 million from the fund in Wednesday trading. That brings total weekly outflows to $638 million, on pace to be the worst on record.“Money that is ‘easy come’ tends to be money that is ‘easy go’,” said Ben Johnson, Morningstar’s global director of ETF research. “You’re going to see similar, if not potentially greater, market impact on the way down, especially given that this is an actively managed ETF and a fully transparent one. The market is hanging on their every move, they’re watching their every move.”Bearish bets against the ETF continue to grow, with short interest now accounting for more than 4% of available shares, according to data from IHS Markit Ltd.Michael Purves, chief executive officer at Tallbacken Capital Advisors, said in a note Thursday that his firm is taking profits on ARKK puts, but “will look to re-enter a second bearish trade on a bounce.”Ark Investment slipped to the eighth place among the largest exchange-traded fund issuers in the $5.9 trillion industry, after becoming the seventh biggest earlier this month. Total ETF assets for the company are now just shy of $53 billion, down from more than $60 billion at the prior peak.Wood’s $10.6 billion ARK Genomic Revolution ETF (ARKG) lost $154 million on Wednesday, for its third straight day of outflows. At the same time, traders pulled another $48 million from ARK Next Generation Internet ETF (ARKW).“If one were still in agreement with Ark on their long-term investment thesis, a meaningful market correction might provide an opportunity to participate more,” Linda Zhang, founder of Purview Investments.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.