SAIC Expands Client Base With DIR Deal: What Should Investors Do?
SAIC(SAIC) ZACKS·2024-12-20 00:56
Science Applications International Corp. (SAIC) shares have plunged 18% in the past three months, underperforming the Zacks Computers - IT Services industry, Zacks Computer and Technology sector and the S&P index’s growth of 7.4%, 9.8% and 6.6%, respectively.Science Applications’ underperformance can be attributed to the temporary challenges that SAIC is facing due to contract transitions and improved bid selections, creating revenue gaps. SAIC’s dim outlook for fiscal 2025 revenues of $7.425-$7.475 billion ...