Alexyz3dKratos Defense & Security Solutions (NASDAQ:KTOS) reported first quarter earnings on May 7, beating analyst estimates on top and bottom line. In response to the earnings, the stock is now trading 4.9% higher. In September 2023, I upgraded Kratos stock from hold to buy and that call has worked out rather well with a 30.6% return for Kratos vs. a 16.5 jump of the S&P 500. In this report, I will be analyzing the results, discuss the Q2 2024 outlook and update my price target and rating for KTOS sto ...