CACI International: An Impressive Defense Technology Play

Sep. 18, 2024 12:11 PM ETCACI International Inc (CACI) Stock
(9min)

Summary

  • CACI International Inc has surged 50% this year, driven by strong performance as a defense/technology supplier, but now commands a premium valuation.
  • The company boasts a solid track record, with revenues growing from $2 billion to $8 billion over two decades, aided by disciplined M&A.
  • Recent fiscal results show impressive growth, with a 14% revenue increase and a 22% rise in backlog, indicating strong future performance.
  • Despite a compelling acquisition of Azure Summit Technology, I recommend waiting for a pullback before investing, given the current stretched valuation multiples.

Military Surveillance Officer Working on a City Tracking Operation in a Central Office Hub for Cyber Control and Monitoring for Managing National Security, Technology and Army Communications.

gorodenkoff

Shares of CACI International Inc (NYSE:CACI) have been on fire this year, having risen some 50%, adding to a great long-term track record of the business. Somewhat a smaller and under-the-radar business, the company has definitely made its breakthrough as

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