Science Applications International Optimistic About Hitting Annual Outlook Despite Q1 Revenue Dip, Shares Slide
Portfolio Pulse from Anusuya Lahiri
Science Applications International Corp (SAIC) reported a 9% revenue decline in Q1 FY25 but marginally beat analyst estimates. Despite the dip, SAIC remains optimistic about its annual outlook. The stock is down 3.45% premarket. Investors can gain exposure via IHAK and CIBR ETFs.
June 03, 2024 | 1:15 pm
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NEGATIVE IMPACT
SAIC reported a 9% revenue decline in Q1 FY25 but marginally beat analyst estimates. Despite the dip, the company remains optimistic about its annual outlook. The stock is down 3.45% premarket.
The revenue decline and lower free cash flow are negative indicators, leading to a premarket drop of 3.45%. However, the company’s optimistic outlook and alignment with analyst estimates provide some support.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to SAIC via the First Trust NASDAQ Cybersecurity ETF (CIBR). The ETF may see minor fluctuations due to SAIC's performance.
CIBR holds SAIC among other cybersecurity stocks. SAIC's performance may cause minor fluctuations in the ETF, but the overall impact is limited due to diversification.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors can gain exposure to SAIC via the iShares Cybersecurity And Tech ETF (IHAK). The ETF may see minor fluctuations due to SAIC's performance.
IHAK holds SAIC among other tech stocks. SAIC's performance may cause minor fluctuations in the ETF, but the overall impact is limited due to diversification.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50