NCI Inc. (NASDAQ:NCIT) stock is up 60% in the last month but still down 60% over the last five years. NCI has suffered, along with the rest of the defense IT services sector, consistent revenue declines over the last few years on account of budget cuts, the government shutdown and project delays.
The outlook is far from rosy, but some early positive signs are very much visible and long-term investors should take a look, especially since much of the bad news is baked into the expectations and the stock is reflecting the same. Overall, anticipating a forward-looking street, the stock may improve before the net bookings and revenue may follow soon after.
The macro environment has improved after...
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