|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||50.42 - 52.62|
|52 Week Range||44.04 - 72.28|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||258.00|
|Earnings Date||Oct 31, 2022 - Nov 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||59.22|
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Defense electronics specialist Mercury Systems (NASDAQ: MRCY) ran into supply chain and cost pressures in its most recent quarter, and investors are selling the stock as a result. Shares of Mercury opened down as much as 20% on Wednesday, creating a potential buying opportunity for long-term-focused investors. Mercury manufactures a range of sophisticated electronics systems and applications for the aerospace and defense sector.
Mercury Systems' (MRCY) fourth-quarter top line is hurt by contracting delays and supply-chain constraints, while increased component costs weigh on the bottom line.
Mercury Systems (MRCY) delivered earnings and revenue surprises of -19.80% and 5.86%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?