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Mon, May 23, 4:29 PM
- Phil Calamia is stepping down as KEYW Holding's CFO to "pursue other opportunities." Mike Alber, formerly the CFO of defense IT contractor Engility, will be the company's new CFO, effective June 13.
- CEO Bill Weber: "With KEYW’s transition to a pure-play intelligence solutions-focused company nearing completion, I am pleased that Mike Alber chose to join KEYW as our CFO. Mike’s significant experience in the government solutions industry and large public companies will serve the company well."
- Shares rose 5.9% in regular trading ahead of the announcement, which comes two weeks after KEYW jumped in response to a Q1 beat.
Tue, May 10, 4:18 PM
Mon, May 9, 5:35 PM
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Mon, Feb. 29, 10:36 AM
- Considering KEYW Holding's (KEYW -4.2%) plans to divest its Hexis Cyber Solutions unit a mixed blessing, RBC's Robert Stallard has downgraded shares to Sector Perform, and cut his target by $4 to $7.
- Stallard admits Hexis (unlike KEYW's profitable Government Solutions unit) has been a cash drain, as KEYW invested heavily to grow the business in the face of tough competition. But he also thinks unloading Hexis will prevent KEYW from receiving the kind of valuation premiums given to growth-stage tech companies.
- KEYW is still up 34% since posting a Q4 beat and announcing it's "exploring strategic alternatives" for Hexis last Wednesday.
Thu, Feb. 25, 12:48 PM
Thu, Feb. 25, 9:56 AM
- KEYW Holding (KEYW +21.3%) used its Q4 report to state it's "exploring strategic alternatives" for its Hexis Cyber Solutions unit, which is responsible for the company's HawkEye G threat-detection and malware-removal solution.
- KEYW adds it's "in the advanced stages" of the review process, and expects to make an announcement in the coming weeks. The news comes shortly after KEYW announced it's selling its systems engineering and technical assistance (SETA) business for $12M in cash. Commercial Cyber Solutions revenue totaled $5.6M in Q4 (+54% Y/Y).
- The company's core Government Solutions unit saw revenue rise 7.4% Y/Y to $75.1M, with adjusted EBITDA margin dropping 30 bps to to 12.1%. On its earnings call (transcript), KEYW guided for 2016 Government Solutions revenue of $280M-$305M - that compares with 2015 revenue of $286M after excluding SETA and the commercial ops. Adjusted EBITDA margin is expected to be in a 10%-13% range.
- CEO William Weber: "Within two to three years, our goal is to be solidly entrenched in six or seven of the intelligence community agencies with a foothold in an additional three or four more. We believe this expanded presence will add significant organic growth in new revenue, generate sustainable EBITDA margins in the low to mid-teens ... We believe our KeyRadar software defined radar, Typhoon, our cyber operations platform and our Mosaic open-source content curation product to name then just a few will be gateways to services contracts with key Intel community customers."
- KEYW's Q4 results, earnings release
Thu, Feb. 25, 9:12 AM| Thu, Feb. 25, 9:12 AM | 9 Comments
Wed, Feb. 24, 4:20 PM
- KEYW Holding (NASDAQ:KEYW): Q4 EPS of -$0.12 beats by $0.02.
- Revenue of $80.7M (+9.8% Y/Y) beats by $4.73M.
Tue, Feb. 23, 5:35 PM
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Nov. 9, 2015, 6:56 PM
- KEYW Holding now expects 4%-6% 2015 revenue growth for its core Government Solutions segment; prior guidance was for 4%-8% growth. Revenue guidance for the Commercial segment (Hexis/HawkEye G) is now at $13M-$15M vs. a prior $15M; it was at $25M prior to the Q2 report.
- Government Solutions is still expected to see a 12%-14% adjusted EBITDA margin. The adjusted EBITDA loss forecast for Commercial has been lowered to $30M-$32M from $30M-$34M.
- Government Solutions revenue rose 2.9% Y/Y to $78.1M; Commercial revenue was roughly flat at $3M. GAAP operating expenses rose by $3.1M Y/Y to $28.3M. HawkEye G installations have risen to 36 from 30 from the time of the Q2 report, with revenue-generating customers rising to 18 from 16.
- Shares have plunged to $6.24 after hours. The 52-week low is $5.60.
- Q3 results, PR
Nov. 9, 2015, 4:32 PM
- KEYW Holding (NASDAQ:KEYW): Q3 EPS of -$0.20 misses by $0.09.
- Revenue of $81.09M (+2.7% Y/Y) misses by $1.82M.
Nov. 8, 2015, 5:35 PM
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Nov. 5, 2015, 12:47 PM
- Fortinet (FTNT -4.2%), Barracuda (CUDA -3.9%), Vasco (VDSI -1.9%), Proofpoint (PFPT -4.6%), and KEYW (KEYW -6.3%) have joined the ranks of enterprise security tech firms selling off in the wake of FireEye's Q3 revenue/billings miss, soft Q4 sales guidance, and full-year billings guidance cut.
- Other decliners include Palo Alto Networks, CyberArk, and Rapid7. FireEye itself is down 23%.
- Also: PC/mobile security software firm AVG is down 17.7% after missing Q3 estimates and providing light Q4 guidance. Symantec is up slightly following an FQ2 EPS beat.
- The PureFunds ISE Cyber Security ETF (HACK -3.1%) has fallen below $27. CyberArk reports after the bell.
- Update: FBR's Daniel Ives is defending the group. "Importantly, we note that nearly every major cybersecurity player (Check Point, Imperva, Proofpoint, Palo Alto, Fortinet) recently has delivered strong results across the board with a healthy outlook ... We continue to strongly believe that FireEye's issues are much more company-specific as DeWalt & Co. are dealing with a plethora of execution/product headaches in the field, which are major overhangs on the FireEye story heading into 2016. We continue to see white-hot cybersecurity spending, which we view as a 30%+ growth area in a 2%–3% overall IT landscape as the threat landscape escalates. We would be strong buyers of the cybersecurity basket, with PANW, PFPT, and CHKP front and center."
Oct. 28, 2015, 2:24 AM
- Following years of intense debate, the Senate has passed a controversial bill that will see the Department of Homeland Security become a hub for sharing information about cyber attacks within the government and the private sector.
- The bill, which has faced privacy concerns from high-tech firms and advocacy groups, must now be reconciled with a separate piece of legislation that was passed by the House of Representatives earlier this year.
- Related tickers: KEYW, CUDA, PFPT, FEYE, PANW, QLYS, CYBR, HACK
The KEYW Holding Corp. operates as a holding company, which through its subsidiaries, engages in providing cyber security, cyber superiority and geospatial intelligence solutions. The company offers its solutions to the defense, intelligence, national security agencies and commercial... More
Industry: Security Software & Services
Country: United States