Kratos Defense & Security Solutions, Inc. operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space, training and cybersecurity/ warfare, satellite communications, C5ISR/ modular systems, turbine technologies, and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. It serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers. Kratos Defense & Security Solutions, Inc. was founded in 1994 and is headquartered in San Diego, California.
IPO Year:
Exchange: NASDAQ
Website: kratosdefense.com
Date | Price Target | Rating | Analyst |
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6/26/2024 | Neutral | BTIG Research | |
5/28/2024 | $27.00 | Mkt Outperform | JMP Securities |
4/26/2024 | $20.00 → $27.00 | Outperform → Strong Buy | Raymond James |
7/20/2023 | $17.00 | Outperform | Raymond James |
2/24/2023 | $11.50 → $14.00 | Hold → Buy | Canaccord Genuity |
11/4/2022 | $11.50 | Buy → Hold | Canaccord Genuity |
5/26/2022 | $20.00 | Hold → Buy | Truist |
5/12/2022 | $20.00 | Neutral → Outperform | Robert W. Baird |
1/21/2022 | $23.00 | Buy | Berenberg |
1/12/2022 | $30.00 → $21.00 | Buy → Neutral | Goldman |
SD - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Filer)
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8-K - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Filer)
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BTIG Research initiated coverage of Kratos Defense and Security with a rating of Neutral
JMP Securities initiated coverage of Kratos Defense and Security with a rating of Mkt Outperform and set a new price target of $27.00
Raymond James upgraded Kratos Defense and Security from Outperform to Strong Buy and set a new price target of $27.00 from $20.00 previously
Raymond James initiated coverage of Kratos Defense and Security with a rating of Outperform and set a new price target of $17.00
Canaccord Genuity upgraded Kratos Defense and Security from Hold to Buy and set a new price target of $14.00 from $11.50 previously
Canaccord Genuity downgraded Kratos Defense and Security from Buy to Hold and set a new price target of $11.50
Truist upgraded Kratos Defense and Security from Hold to Buy and set a new price target of $20.00
Robert W. Baird upgraded Kratos Defense and Security from Neutral to Outperform and set a new price target of $20.00
Berenberg initiated coverage of Kratos Defense and Security with a rating of Buy and set a new price target of $23.00
Goldman downgraded Kratos Defense and Security from Buy to Neutral and set a new price target of $21.00 from $30.00 previously
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
4 - KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (0001069258) (Issuer)
Kratos Defense & Security's (NYSE:KTOS) short percent of float has fallen 10.95% since its last report. The company recently reported that it has 2.74 million shares sold short, which is 1.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.66 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. S
The Nasdaq 100 closed higher by around 175 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Sprouts Farmers Market The Trade: Sprouts Farmers Market, Inc. (NASDAQ:SFM) CEO Jack Sinclair sold a total of 11,428 shar
Benchmark analyst Josh Sullivan reiterates Kratos Defense & Security (NASDAQ:KTOS) with a Buy and maintains $25 price target.
BTIG analyst Andre Madrid initiates coverage on Kratos Defense & Security (NASDAQ:KTOS) with a Neutral rating.
RBC Capital analyst Ken Herbert maintains Kratos Defense & Security (NASDAQ:KTOS) with a Outperform and raises the price target from $23 to $24.
JP Morgan analyst Seth Seifman maintains Kratos Defense & Security (NASDAQ:KTOS) with a Neutral and raises the price target from $20 to $23.
JMP Securities analyst Trevor Walsh initiates coverage on Kratos Defense & Security (NASDAQ:KTOS) with a Market Outperform rating and announces Price Target of $27.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) is a “terrific spec” and he recommended buying the same. On May 9, Recursion Pharmaceuticals reported better-than-expected first-quarter financial results. Corning Incorporated (NYSE:GLW) has “not been able to generate the kind of return that I've wanted,” Cramer said. “I would not be a buyer all the way up here.” See Also: Jim Cramer Says This Industrial Stock Is Doing ‘Very Well’; Here’s His Take On Palantir On May 7, Mizuho analyst John Roberts initiated coverage on Corning with a Neutral rating and announced a price target of $36. When asked about Intuitive Machines, Inc. (
Financial GuidanceWe are providing our initial 2024 second quarter financial guidance and affirming our full year 2024 guidance today, which includes our current forecasted business mix assumptions, including as related to: employee sourcing, hiring, retention and cost; manufacturing, production and supply chain disruptions; parts shortages and related continued potential significant cost and price increases, including for personnel, materials and components that are adversely impacting the industry and Kratos. The range of our expected second quarter and full year 2024 Revenues and Adjusted EBITDA, includes our current assumptions for forecasted execution, including the number and estimated
Kratos Defense & Security (NASDAQ:KTOS) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.05 by 120 percent. This is a 83.33 percent increase over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $277.200 million which beat the analyst consensus estimate of $250.472 million by 10.67 percent. This is a 19.59 percent increase over sales of $231.800 million the same period last year.
SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in Defense, National Security and Global Markets, today announced the addition of Claire Burghoff to its corporate team as the Vice President of Government Affairs & Corporate Communications. In this role, Claire will lead corporate communications for Kratos and will support the company's strategic initiatives in government affairs, leveraging her extensive experience and ability to marry public relations strategies with government affairs initiatives to communicate the value of Kratos' low-cost, high-performance technology, solutions, and breakthroughs to national def
Believes Shareholders Have Lost Confidence in Company's Leadership – As Evidenced by Double-Digit Decline in Share Price after Announcement of Planned Appointment of Michael Porcelain as CEO and Disappointing FY21 Results Highlights Company's Long-Term Underperformance, Strategic Inattention, and History of Failed M&A Strategy Remains Open to Constructive Resolution, Despite Comtech's Unfortunate Misrepresentation of Engagement with Outerbridge to Date Outerbridge Nominees Would Bring Essential Experience and Expertise to Comtech Board and Help Unlock the Company's Substantial Intrinsic Value Outerbridge Capital Management, LLC ("Outerbridge"), a beneficial owner of approximately 4.95%
SAN DIEGO, June 03, 2021 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, is pleased to announce the appointment of Deanna Hom Lund to the Company's Board of Directors. Ms. Lund has served as Kratos' Executive Vice President and Chief Financial Officer since April 2009. Ms. Lund was Kratos' Senior Vice President and Chief Financial Officer from April 2004 to March 2009. Prior to joining Kratos, Ms. Lund was the Vice President and Corporate Controller of Titan Corporation from July 1998 to 2004. Ms. Lund was also Titan's Corporate Controller from December 1996 to July 1998, and its Corporate Manager of Operations A
First Quarter 2024 Revenues of $277.2 Million Increased 19.6 Percent over First Quarter 2023 Revenues of $231.8 Million, including 19.5 Percent Organic Growth First Quarter 2024 Unmanned Systems Revenues of $59.4 Million Increased 23.8 Percent over First Quarter 2023 Revenues of $48.0 Million, including 21.8 Percent Organic Growth First Quarter 2024 KGS Revenues of $217.8 Million Reflect 18.5 Percent Organic Growth over First Quarter 2023 Revenues of $183.8 Million First Quarter 2024 and Last Twelve Months Ended March 31, 2024 Consolidated Book to Bill Ratio of 1.1 to 1First Quarter 2024 Bookings of $317.8 Million Affirms Full Year 2024 Financial Forecast SAN DIEGO, May 07, 2024 (GLOB
SAN DIEGO, April 29, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the first quarter 2024 after the close of market on Tuesday, May 7th. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access
Full Year 2023 Revenues of $1.037 Billion Reflect 15.5 Percent Growth and 12.6 Percent Organic Growth, Respectively, Over Full Year 2022 Revenues of $898.3 Million Fourth Quarter Revenues of $273.8 Million Reflect 9.8 Percent Growth and 7.3 Percent Organic Growth, Respectively, Over Fourth Quarter 2022 Revenues of $249.3 Million Fourth Quarter 2023 Cash Flow Generated from Operations of $67.4 MillionFull Year 2023 Cash Flow Generated from Operations of $65.2 Million Fourth Quarter 2023 Consolidated Book to Bill Ratio of 1.2 to 1 and Bookings of $330 Million Last Twelve Months Ended December 31, 2023 Consolidated Book to Bill Ratio of 1.1 to 1 and Bookings of $1.15 Billion 2024 Financial
SAN DIEGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the fourth quarter and fiscal year 2023 after the close of market on Tuesday, February 13th. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that c
Third Quarter 2023 Revenues of $274.6 Million Reflect 20.1 Percent Organic Growth Over Third Quarter 2022 Revenues of $228.6 Million Third Quarter 2023 Revenues Reflect 22.0 Percent Organic Revenue Growth in Kratos Government Solutions Segment and 13.4 Percent Organic Revenue Growth in Kratos Unmanned Systems Segment Third Quarter 2023 Consolidated Book to Bill Ratio of 1.0 to 1 and Last Twelve Months Ended October 1, 2023 Consolidated Book to Bill Ratio of 1.1 to 1 SAN DIEGO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, today reported its third qu
SAN DIEGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the third quarter 2023 after the close of market on Thursday, November 2nd. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to a
Second Quarter 2023 Revenues of $256.9 Million Increased 14.6 Percent Over Second Quarter 2022 Revenues of $224.2 Million, Including 17.1 Percent Organic Growth in Kratos Government Solutions Segment Second Quarter 2023 and Last Twelve Months Ended June 25, 2023 Consolidated Book to Bill Ratio of 1.1 to 1 Affirms Full Year 2023 Financial Forecast SAN DIEGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, today reported its second quarter 2023 financial results. For the second quarter of 2023, Kratos reported Revenues of $256.9 million, Operating Income of $6.7 million, N
SAN DIEGO, July 25, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the second quarter 2023 after the close of market on Thursday, August 3rd. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to acce
First Quarter 2023 Revenues of $231.8 Million Increased 18.1 Percent over First Quarter 2022 Revenues of $196.2 Million, including 12.0 Percent Organic Growth First Quarter 2023 and Last Twelve Months Ended March 26, 2023 Consolidated Book to Bill Ratio of 1.1 to 1 First Quarter 2023 Unmanned Systems Book to Bill Ratio of 1.9 to 1 Affirms Full Year 2023 Financial Forecast SAN DIEGO, May 03, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, today reported its first quarter 2023 financial results. For the first quarter of 2023, Kratos reported Revenues of $23
SAN DIEGO, April 24, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the first quarter 2023 after the close of market on Wednesday, May 3rd. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access
SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in Defense, National Security and Global Markets, today announced the successful demonstration of the second of three Valkyrie launch methods: the Kratos Trolley Launch System (KTLS). The KTLS enables the Valkyrie to take off from traditional runways or straight roads, without requiring Rocket Assist Take Off (RATO) or other acceleration producing devices. The KTLS is unpowered with take-off thrust provided solely by the aircraft jet engine. For KTLS take off, which is fully autonomous, the aircraft engine throttles up just like a conventional jet take off, and the
SAN DIEGO, June 27, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, announced today that its Space & Missile Defense Systems Business Unit, a part of Kratos' Defense & Rocket Support Systems (DRSS) Division, supported the Missile Defense Agency (MDA) and the Naval Surface Warfare Center (NSWC), in the successful launch and flight of the Kratos Erinyes™ Hypersonic Test Bed, on June 12, 2024, from the NASA Wallops Flight Facility (WFF) in Virginia. This successful first flight of the Erinyes vehicle demonstrates a new and novel platform capability for rapid hypersonic experimentation
SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in Defense, National Security and Global Markets, today announced the addition of Claire Burghoff to its corporate team as the Vice President of Government Affairs & Corporate Communications. In this role, Claire will lead corporate communications for Kratos and will support the company's strategic initiatives in government affairs, leveraging her extensive experience and ability to marry public relations strategies with government affairs initiatives to communicate the value of Kratos' low-cost, high-performance technology, solutions, and breakthroughs to national def
SAN DIEGO, June 11, 2024 (GLOBE NEWSWIRE) -- In today's hyper-connected world, businesses must comply with strict cybersecurity measures to operate and compete, especially for winning government contracts and in regulated industries. Misunderstanding the requirements or making mistakes during the certification process can result in fines, revenue loss, and even ineligibility to compete. To guide businesses to the right answers, Kratos Defense & Security Solutions (NASDAQ:KTOS) has launched a cybersecurity compliance podcast to help businesses set and achieve their compliance goals. For more than a decade Kratos has been a trusted cybersecurity compliance advisor and assessor supporting
SAN DIEGO, May 28, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems, today announced that on Tuesday, April 2, 2024, the Kratos BQM-177A flew in support of the U.S. Navy's AIM-9X mission at Naval Air Weapons Station China Lake, in California. This event marked the 200th launch of the BQM-177A by Pacific Target and Marine Operations (PTMO) and resulted in the successful completion of the exercise. The BQM-177A is the U.S. Navy's next-generation Sub-Sonic Aerial Target (SSAT). While it provides fo
SAN DIEGO, May 22, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, announced today that its fully virtualized satellite communications (SATCOM) ground system, OpenSpace®, was employed as part of BlueHalo's milestone demonstration for the U.S. Space Force (USSF) Space Rapid Capabilities Office (RCO) Satellite Communication Augmentation Resource (SCAR) program. BlueHalo, the prime contractor for the SCAR program, successfully demonstrated the integrated backend mission services to USSF Guardian operators at the 2024 Space Symposium in Colorado Springs, CO. During the demonstration,
First Quarter 2024 Revenues of $277.2 Million Increased 19.6 Percent over First Quarter 2023 Revenues of $231.8 Million, including 19.5 Percent Organic Growth First Quarter 2024 Unmanned Systems Revenues of $59.4 Million Increased 23.8 Percent over First Quarter 2023 Revenues of $48.0 Million, including 21.8 Percent Organic Growth First Quarter 2024 KGS Revenues of $217.8 Million Reflect 18.5 Percent Organic Growth over First Quarter 2023 Revenues of $183.8 Million First Quarter 2024 and Last Twelve Months Ended March 31, 2024 Consolidated Book to Bill Ratio of 1.1 to 1First Quarter 2024 Bookings of $317.8 Million Affirms Full Year 2024 Financial Forecast SAN DIEGO, May 07, 2024 (GLOB
SAN DIEGO, April 29, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the first quarter 2024 after the close of market on Tuesday, May 7th. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Participants may register for the call using this Online Form. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access
SAN DIEGO and LUXEMBOURG, April 17, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, and SES, a leader in global content connectivity solutions, successfully executed a fully virtualized satellite communications (SATCOM) ground system demonstration for the U.S. Army's Combat Capabilities Development Command, both announced today. Kratos and SES successfully showed a flexible network architecture facilitating simultaneous communication pathways for resilient SATCOM. This virtualized and containerized architecture enables soldiers to position their radio frequency (RF) hardware and so
SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, announced today that its Space & Missile Defense Systems (SMDS) Business Unit, a part of Kratos' Defense & Rocket Support Services (DRSS) Division, successfully completed the static test firing of the Zeus 2 solid rocket motor (SRM) with Aerojet Rocketdyne, an L3Harris Technologies (NYSE:LHX) company, at their Camden, Arkansas facility. This Zeus 2 milestone combined with the successful Zeus 1 static test firing last year, completes the development phase of Kratos' new affordable commercial SRM family. Zeus 2 So