Why This 1 Computer and Technology Stock Could Be a Great Addition to Your Portfolio
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to CACI International (CACI)
Based in Reston, VA, CACI International delivers IT applications and infrastructure to improve communications and secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. The company’s solutions enrich defense and intelligence capabilities, assure homeland security, improve decision-making, and help customers operate smartly and proficiently.
Since being added to the Zacks Focus List on December 2, 2015 at $103.31 per share, shares of CACI have increased 254.48% to $366.21.
For fiscal 2024, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $20.24. CACI boasts an average earnings surprise of 2.2%.
Moreover, analysts are expecting CACI International's earnings to grow 7.5% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like CACI, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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CACI International, Inc. (CACI) : Free Stock Analysis Report
