Latest news with #MercurySystems
Yahoo
3 days ago
- Business
- Yahoo
Why Is Axon (AXON) Up 14.8% Since Last Earnings Report?
A month has gone by since the last earnings report for Axon Enterprise (AXON). Shares have added about 14.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Axon due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. It turns out, estimates revision have trended downward during the past month. The consensus estimate has shifted 66.67% due to these changes. Currently, Axon has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, Axon has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Axon belongs to the Zacks Aerospace - Defense Equipment industry. Another stock from the same industry, Mercury Systems (MRCY), has gained 13% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025. Mercury Systems reported revenues of $211.36 million in the last reported quarter, representing a year-over-year change of +1.5%. EPS of $0.06 for the same period compares with -$0.26 a year ago. For the current quarter, Mercury Systems is expected to post earnings of $0.22 per share, indicating a change of -4.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +6.1% over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Mercury Systems. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Axon Enterprise, Inc (AXON) : Free Stock Analysis Report Mercury Systems Inc (MRCY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Why Is Mercury Systems (MRCY) Up 7.6% Since Last Earnings Report?
It has been about a month since the last earnings report for Mercury Systems (MRCY). Shares have added about 7.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Mercury Systems due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. It turns out, estimates revision have trended upward during the past month. The consensus estimate has shifted 8.33% due to these changes. Currently, Mercury Systems has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Mercury Systems has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Mercury Systems belongs to the Zacks Aerospace - Defense Equipment industry. Another stock from the same industry, Woodward (WWD), has gained 20.8% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025. Woodward reported revenues of $883.63 million in the last reported quarter, representing a year-over-year change of +5.8%. EPS of $1.69 for the same period compares with $1.62 a year ago. Woodward is expected to post earnings of $1.60 per share for the current quarter, representing a year-over-year change of -1.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Woodward. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mercury Systems Inc (MRCY) : Free Stock Analysis Report Woodward, Inc. (WWD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
20-05-2025
- Business
- Yahoo
MRCY Q1 Earnings Call: Revenue Beat Expectations, Margins and Cash Flow Improve Amid Backlog Transition
Aerospace and defense company Mercury Systems (NASDAQ:MRCY) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 1.5% year on year to $211.4 million. Its non-GAAP profit of $0.06 per share was $0.01 below analysts' consensus estimates. Is now the time to buy MRCY? Find out in our full research report (it's free). Revenue: $211.4 million vs analyst estimates of $202.1 million (1.5% year-on-year growth, 4.6% beat) Adjusted EPS: $0.06 vs analyst estimates of $0.07 ($0.01 miss) Adjusted EBITDA: $24.69 million vs analyst estimates of $23.05 million (11.7% margin, 7.1% beat) Operating Margin: -8.2%, up from -21.9% in the same quarter last year Free Cash Flow was $24.06 million, up from -$25.74 million in the same quarter last year Backlog: $1.34 billion at quarter end Organic Revenue rose 1.5% year on year (-21% in the same quarter last year) Market Capitalization: $2.76 billion Mercury Systems delivered revenue above Wall Street expectations in Q1, driven largely by strong execution on production and development programs. Management pointed to disciplined operational changes and a shift toward higher-margin contract wins as the primary factors behind the quarter's results. CEO Bill Ballhaus highlighted that the company's focus on predictable performance led to improved program management and reduced costs, while CFO Dave Farnsworth emphasized progress in lowering net working capital and accelerating hardware deliveries. Looking ahead, management indicated that the transition to a higher-margin backlog and ongoing operational streamlining would be key drivers for the remainder of the year. Ballhaus stated that the company expects steady improvement in adjusted EBITDA margins, with recent bookings supporting this trajectory. However, he also noted that the pace of margin expansion will depend on the gradual replacement of legacy lower-margin contracts with new business at targeted profitability levels. The company plans to provide more detailed commentary on expectations for next year in its next update. Mercury Systems' Q1 results were influenced by operational improvements, a focus on production contracts, and proactive management of working capital. The company's explanations for the quarterly revenue beat centered on contract execution and backlog quality, with management emphasizing several internal and external factors that shaped performance: Production Contract Momentum: The company received significant production contract awards, including $40 million for its common processing architecture and a $20 million follow-on order for the F-35 program, reflecting customer trust in Mercury's technology. Shift to Higher-Margin Backlog: Management stressed that the backlog composition is improving as lower-margin development programs are completed and replaced by new bookings at targeted margins, supporting longer-term profitability goals. Operational Efficiency Gains: Reduced operating expenses resulted from consolidating and streamlining operations, including actions such as the planned divestiture and outsourcing of the Switzerland manufacturing operation. Improved Cash Flow and Working Capital: Free cash flow improvement was attributed to better program execution, hardware delivery, and just-in-time material procurement, with net working capital at its lowest level in several years. Strategic M&A and Competitive Positioning: The acquisition of Star Lab, a cybersecurity software provider, is expected to enhance product differentiation, while management also highlighted strong recent wins against competitors and favorable market trends in defense technology procurement. Management's outlook for the remainder of the year is anchored by the ongoing transition to a production-heavy, higher-margin backlog and continued operational discipline. The broader theme is that margin expansion and free cash flow improvement will depend on both the pace of legacy backlog replacement and the company's ability to sustain efficiency gains. Backlog Margin Progression: The shift toward new bookings at targeted margins is expected to gradually raise overall profitability as legacy contracts are completed. Operational Streamlining: Ongoing efforts to simplify operations and reduce costs are anticipated to support positive operating leverage and sustained cash flow conversion. Industry Demand and Defense Budgets: Management noted constructive trends in defense spending and technology acquisition, but acknowledged that any delays or changes in government priorities could affect future growth trajectories. Peter Arment (Baird): Asked about the LTAMDS program's impact as it moves into production. Management confirmed it remains a key growth driver and expressed optimism about scaling with the customer's schedule. Michael Ciarmoli (Truist Securities): Inquired about optimal net working capital levels and future free cash flow conversion. CFO Dave Farnsworth reaffirmed the goal of 50% free cash flow conversion from EBITDA and a working capital target of 35-40% of revenue. Rockwell Collins (for Seth Seifman, JPMorgan): Questioned the sequential revenue change and impact of accelerated deliveries. Management explained that early hardware deliveries in the previous quarter shifted timing but did not change full-year expectations. Ken Herbert (RBC Capital Markets): Sought details on common processing architecture contract trends and competitive positioning. Management noted significant wins and increased differentiation from the Star Lab acquisition. Noah Poponak (Goldman Sachs): Probed the timeframe for eliminating low-margin backlog and achieving targeted margins. Management clarified that margin improvements will occur gradually over several quarters as higher-margin bookings replace older contracts. In the upcoming quarters, the StockStory team will closely monitor (1) the pace at which Mercury Systems transitions its backlog to higher-margin, production-oriented contracts; (2) progress in reducing net working capital and achieving the company's free cash flow conversion targets; and (3) the integration and impact of the Star Lab acquisition on product differentiation and market share. Developments in defense spending and program awards will also be critical indicators for sustained growth. Mercury Systems currently trades at a forward P/E ratio of 65.8×. Should you load up, cash out, or stay put? See for yourself in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Mercury Introduces First Safety-Certifiable, SOSA-aligned Mission Computer for Aviation Platforms
Company demonstrating multiple mission computing technologies at the Army Aviation Mission Solutions Summit 2025, May 14-16 in Nashville, Tenn. Mercury's ROCK3, a safety-certifiable, SOSA-aligned aviation mission computer. ANDOVER, Mass., May 14, 2025 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, a technology company that delivers mission-critical processing power to the edge, today introduced the first safety-certifiable, SOSA-aligned aviation mission computer, which will allow government and commercial organizations to field and modernize aircraft that support next-generation applications such as those enabled by 5G communications and artificial intelligence. Mercury's new ROCK3 is a DAL-certifiable, 3U OpenVPX mission computer that features Intel Core i7 safety-certifiable processors and delivers up to 20 times the performance of PowerPC-based aircraft computers. ROCK3 is purpose-built to support advanced, safety-critical applications for military and urban mobility aircraft including mission management, sensor fusion and processing, and surveillance. ROCK3's open architecture allows customers to break vendor lock and eliminate stovepiped systems to enable greater application interoperability and deploy new capabilities faster and more cost-effectively. ROCK3 leverages lessons learned from Mercury's participation in the U.S. Army's Aviation Mission Common Server (AMCS) program, which was intended to develop a single mission computing architecture for the Army's rotorcraft fleet that would allow them to store, process, and transport data and serve as application network nodes across the battlespace. 'With ROCK3, current and next-generation aircraft can increase safety and survivability by leveraging advanced sensors and data fusion applications to give pilots more accurate and timely information to make decisions, identify targets, and avoid hazards,' said Roya Montakhab, Mercury's SVP of Integrated Processing Solutions. 'ROCK3 represents a new path for aviation organizations to field more affordable, scalable, interoperable, and sustainable avionics solutions using open architectures.' Mercury's ROCK3 features: 11th Gen Intel® Core i7™ quad core processors with integrated GPU DO-254 and DO-178C artifacts, certifiable up to DAL-A Rugged, SWaP optimized Discrete, MIL-STD-1553, ARINC-429, RS-485, CAN avionics interfaces Certifiable RTOS, CAST-32A compliant 32GB DDR4 with ECC 64 MB FLASH 80GB M.2 SSD storage Mercury will be demonstrating a number of next-generation mission computing applications alongside industry partners at the Army Aviation Mission Solutions Summit 2025, May 14-16 in Nashville, Tenn. Demonstrations will be shown at Mercury (booth 779), Parry Labs (booth 2322), Elbit Systems (booth 978), Green Hills Software (booth 2621), and GTRI (booth 2911). Mercury Systems – Innovation that matters® Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today's most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury's products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has more than 20 locations worldwide. To learn more, visit (Nasdaq: MRCY) Forward-Looking Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company's focus on enhanced execution of the Company's strategic plan. You can identify these statements by the words 'may,' 'will,' 'could,' 'should,' 'would,' 'plans,' 'expects,' 'anticipates,' 'continue,' 'estimate,' 'project,' 'intend,' 'likely,' 'forecast,' 'probable,' 'potential,' and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government's interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company's products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, such as the deductibility of internal research and development, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 28, 2024 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. INVESTOR CONTACTTyler HojoVice President, Investor MEDIA CONTACTTurner BrintonSenior Director, Corporate Communications A photo accompanying this announcement is available at in to access your portfolio
Associated Press
06-05-2025
- Business
- Associated Press
Attention Long-Term Shareholders of Integra LifeSciences Holdings Corporation (NASDAQ
PHILADELPHIA, May 06, 2025 (GLOBE NEWSWIRE) -- Integra LifeSciences Holdings Corp. (NASDAQ: IART): Current Integra LifeSciences Holdings Corp. (NASDAQ: IART) shareholders who have held the stock since on or before March 11, 2019, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them. Learn more or join at: . Contact Joshua H. Grabar at [email protected] , or call 267-507-6085. WHY: An underlying securities fraud class action complaint alleges that Integra, via certain of his officers and directors, repeatedly touted that it was on track to grow SurgiMend's market by obtaining FDA approval for use in post-mastectomy reconstruction, yet on May 23, 2023, the Company was forced to announce a 'recall' of all products manufactured at its Boston Facility between March 1, 2018 and May 22, 2023. Integra LifeSciences explained that it had determined that the Boston Facility deviated from good manufacturing practices in testing for bacterial endotoxin and allowed the release of products with unsafe levels of endotoxins. As a result of the recall and manufacturing shutdown, the Company revised its guidance for the second quarter of 2023, lowering its revenue expectations by and disclosed that it expected to take a $22 million impairment due to the inventory write-off. WHAT TO DO NOW: Current Integra LifeSciences shareholders who have held Integra LifeSciences shares since on or before March 11, 2019, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever. If you would like to learn more about this matter, you are encouraged to visit , contact Joshua H. Grabar at [email protected] , or call us at 267-507-6085. $IART #IntegraLifeSciences Mercury Systems, Inc. (NASDAQ: MRCY) Class Action Survives Motion to Dismiss: Grabar Law Office is investigating claims on behalf of Mercury Systems, Inc. (NASDAQ: MRCY) shareholders as securities fraud class action complaint partially survives motion to dismiss. . Current Mercury Systems shareholders who have held shares since prior to February 3, 2021, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever. To learn more or join click here: , contact Joshua H. Grabar at [email protected] , or call us at 267-507-6085. WHY: A recently filed securities fraud class action complaint has now partially survived defendants' attempts to dismiss that complaint. The underlying complaint alleges that Mercury Systems, through certain of its officers and directors, used acquisitions and improper revenue recognition practices to mask its inability to grow organically. The complaint further alleges that Defendants repeatedly misled investors to believe that their growth was organic by misrepresenting several elements of Mercury's business, including by hiding that Mercury had switched from 'point-in-time' to 'long-term contracts' in order to improperly boost reported revenues and that several of Mercury's projects were in significant distress, including projects related to Mercury's acquisition of Physical Optics Corporation. Finally, the Complaint alleges Mercury also lied to investors about its strategic growth initiative, 1MPACT, which was designed to improve profit margins but unbeknownst to investors was used to disguise regular expenses as restructuring costs, enabling Mercury to claim that recurring expenses were one-time costs. On February 20, 2025, a Federal Court determined that certain key allegations in the plaintiff's underlying securities fraud class action complaint were adequately pleaded to survive defendants attempts to dismiss the complaint. WHAT YOU CAN DO NOW: If you have held Mercury Systems shares since prior to February 3, 2021, and would like to learn more about this matter, you are encouraged to visit , contact Joshua H. Grabar at [email protected] , or call us at 267-507-6085. $MRCY #MercurySystems Monolithic Power Systems, Inc. (NASDAQ: MPWR): Current Monolithic Power Systems, Inc. (NASDAQ: MPWR) shareholders who have held shares of the Company's stock since prior to February 8, 2024, can seek corporate reforms, the return of funds back to the company, and potentially a court approved incentive award if appropriate, at no cost to them whatsoever. Click here to learn more or join: , contact Joshua Grabar at [email protected] , or call us at 267-507-6085. WHY: A recently filed securities fraud class action Complaint alleges that, Monolithic Power Systems, Inc. (NASDAQ: MPWR), via certain of its officers, made false and/or misleading statements and/or failed to disclose that: (i) Monolithic's voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (ii) these defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (iii) Monolithic had failed to adequately address and resolve known issues affecting the performance of the power management solutions Monolithic supplied to Nvidia; (iv) Monolithic's relationship with Nvidia - the Company's most important customer - had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and Monolithic's failure to adequately address such issues; and (v) as a result of the above, Monolithic was acutely exposed to material undisclosed risks of significant business, financial, and reputational harm. WHAT YOU CAN DO NOW: If you have held Monolithic (NASDAQ: MPWR) shares since prior to February 8, 2024, you can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to you whatsoever. Please visit , contact Joshua Grabar at [email protected] , or call us at 267-507-6085. #MonolithicPower #MPWR $MPWR Virtu Financial Inc. (NASDAQ: VIRT) Class Action Survives Motion to Dismiss: A federal securities fraud class action complaint alleging that Virtu Financial Inc. (NASDAQ: VIRT), and certain of its officers failed to disclose to investors that it had improper safeguards in place for sensitive trader information, has survived a motion to dismiss. Virtu shareholders who have continuously held Virtu shares since prior to November 7, 2018, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. Learn more or join by clicking , contact Joshua H. Grabar at [email protected] , or call 267-507-6085. WHY: A securities fraud class action complaint alleges that Virtu Financial (NASDAQ: VIRT), via certain of its officers, made false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, Virtu had overstated the Company's operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (iii) the foregoing deficiencies increased the likelihood that the Company would be subject to enhanced regulatory scrutiny; and (iv) as a result, Defendants' public statements were materially false and/or misleading at all relevant times. On March 17, 2025, a federal Court determined that key allegations were sufficiently pled to survive defendants' motion to dismiss. According to the Court's Order, 'essentially anyone at Virtu, including its proprietary traders' could directly access this material non-public information from at least January 2018 through April 2019, and to do so, Virtu traders only needed to use a 'widely known and frequently shared username and password.' WHAT YOU SHOULD DO NOW: If you are a current Virtu shareholder who has held Virtu stock since on or before November 7, 2018, you can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to you whatsoever. If you would like to learn more about this matter, you are encouraged visit , contact Joshua H. Grabar at [email protected] or call 267-507-6085. $VIRT #VirtuFinancial Attorney Advertising Disclaimer Contact: Joshua H. Grabar, Esq. Grabar Law Office One Liberty Place 1650 Market Street, Suite 3600 Philadelphia, PA 19103 Tel: 267-507-6085 Email: [email protected]
