Mercury Systems, Inc., a technology company, engages in the manufacture and sale of components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. The company's products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers. It offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing modules and boards, switch fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video processing, and Ethernet and input-output boards; and integrated subsystems. The company also designs and develops digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. In addition, it designs, markets, and sells products intended to protect electronic systems that are critical to national security. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.
IPO Year: 1998
Exchange: NASDAQ
Website: mrcy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $30.00 → $42.00 | Underperform → Hold | Jefferies |
| 8/19/2024 | Neutral → Overweight | Alembic Global Advisors | |
| 2/7/2024 | $48.00 → $28.00 | Buy → Hold | Truist |
| 1/10/2024 | $37.00 → $24.00 | Neutral → Sell | Goldman |
| 1/3/2024 | $35.00 → $30.00 | Hold → Underperform | Jefferies |
| 11/29/2023 | $30.00 | Underperform | BofA Securities |
| 6/26/2023 | $56.00 → $37.00 | Overweight → Neutral | JP Morgan |
| 6/22/2023 | $48.00 → $40.00 | Outperform → Neutral | Robert W. Baird |
| 12/16/2022 | $66.00 → $54.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 10/27/2022 | $55.00 | Outperform | Raymond James |
Q1 FY25 Bookings of $247.7 million; book-to-bill ratio of 1.21Q1 FY25 Revenue of $204.4 million; GAAP net loss of $17.5 million; and adjusted EBITDA of $21.5 millionRecord backlog of $1.3 billion; up 16% year-over-year ANDOVER, Mass., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com)), reported operating results for the first quarter of fiscal year 2025, ended September 27, 2024. "Our first quarter 2025 results were generally as expected, and I am optimistic about our strategic positioning and expectations to deliver predictable organic growth with expanding margins and robust free cash flow," said Bill Ballhaus, Mercury's Chairman and CEO. "In the quart
ANDOVER, Mass., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a five-year contract worth as much as $131.3 million from the U.S. Naval Air Systems Command (NAVAIR) to continue providing secure data transfer systems for naval aircraft. Mercury has been delivering Advanced Data Transfer Systems (ADTS) and components to the Navy since 2017 to support numerous rotary-wing and fixed-wing aircraft. These rugged, flexible, and proven systems simplify the secure transfer of data between planners on the ground and aircraft, significantly improvin
ANDOVER, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, will release its first quarter fiscal year 2025 financial results after the market close on Tuesday, November 5, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financial matters affecting the
ANDOVER, Mass., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, announced today that it signed a contract with Boeing to deliver FPGA processor boards that will support an upgraded refueling system on the U.S. Air Force's KC-46A tanker aircraft fleet. Mercury's SCFE3920 boards are an integral part of the next-generation KC-46A Remote Vision System (RVS) 2.0. Designed for high-speed data processing and seamless system integration, Mercury's boards will connect directly to cameras on the plane to process the high-resolution, color video feeds that provide KC-46A op
ANDOVER, Mass., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the expansion of its portfolio of Direct RF digital signal processing products that use Altera™ Agilex FPGAs to detect and process emissions from a wide portion of the electromagnetic spectrum. Direct RF components and modules directly digitize radio frequency signals at the antenna signal frequency, eliminating the analog signal down conversion stages required by legacy hardware. This approach requires extremely fast converters, high-bandwidth digital data links, and powerful real-time dig
Q4 FY24 Bookings of $284.4 million; book-to-bill ratio of 1.14Q4 FY24 Revenue of $248.6 million; GAAP net loss and adjusted EBITDA ($10.8) million and $31.2 million, respectivelyRecord backlog of $1.3 billion; up 16% year-over-year ANDOVER, Mass., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), reported operating results for the fourth quarter and fiscal year 2024, ended June 28, 2024. "In fiscal 2024, we made considerable progress in addressing what we believe to be transient challenges in the business, and we enter fiscal 2025 confident in our strategic positioning as a leader in mission-critical processing at the edge and our ability to deliver p
ANDOVER, Mass., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Brad Whittington as its Senior Vice President of Engineering, effective Aug. 12, 2024. Reporting to Chief Operating Officer Roger Wells, Whittington is responsible for the strategic planning, leadership, and execution of Mercury's recently integrated Engineering organization. Whittington has more than 25 years of experience in technical leadership roles in aerospace and defense. He most recently served as Vice President of Engineering and Chief Engineer for the Defense Sys
ANDOVER, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, will release its fourth quarter and full fiscal year 2024 financial results after the market close on Tuesday, August 13, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financial matters affec
ANDOVER, Mass., July 10, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced an agreement with the U.S. Navy to advance sensor processing technologies that will allow radar and electronic warfare (EW) capabilities to be designed on much shorter timelines. For decades, increasing system and software complexity has extended the timelines for developing and fielding military platforms. The Office of Naval Research's Open Rapid Chipletized Approach (ORCA) program aims to reduce the time needed to design edge processing solutions by increasing the modularity of components
ANDOVER, Mass., June 18, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Tod Brindlinger as Senior Vice President of Operations, effective June 10, 2024. The company also announced the completion of the second phase of an organizational restructuring that began in January to improve performance and accelerate growth by consolidating and simplifying its operations. Reporting to Chief Operating Officer Roger Wells, Brindlinger is responsible for the company's global manufacturing, facilities, and supply chain. He has more than 30 years of leaders
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JP Morgan analyst Seth Seifman maintains Mercury Sys (NASDAQ:MRCY) with a Neutral and raises the price target from $24 to $26.
Truist Securities analyst Michael Ciarmoli maintains Mercury Sys (NASDAQ:MRCY) with a Hold and lowers the price target from $28 to $26.
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Mercury Sys (NASDAQ:MRCY) reported quarterly losses of $(0.26) per share which missed the analyst consensus estimate of $(0.02) by 1200 percent. This is a 165 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $208.258 million which missed the analyst consensus estimate of $214.317 million by 2.83 percent. This is a 20.96 percent decrease over sales of $263.479 million the same period last year.
Mercury Systems, Inc. (NASDAQ:MRCY, , www.mrcy.com))))), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $31 million contract from L3Harris Technologies (NYSE:LHX) to provide solid-state data recorders for the U.S. Space Development Agency (SDA)'s Tranche 2 Tracking Layer satellite constellation.
Mercury Mission Systems International SA (www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced that it will advance the manufacturing of defense technologies in Switzerland in collaboration with Lockheed Martin. This project is a direct result of the offset program between Lockheed Martin and the Swiss government as part of Switzerland's purchase of the F-35 Lightning II. Under two initial engineering development agreements, Mercury will begin manufacturing several embedded computing technologies at its production facility in Geneva. These projects will be enabled by the transfer of two of armasuisses's key security-relevant tech
Q1 FY25 Bookings of $247.7 million; book-to-bill ratio of 1.21Q1 FY25 Revenue of $204.4 million; GAAP net loss of $17.5 million; and adjusted EBITDA of $21.5 millionRecord backlog of $1.3 billion; up 16% year-over-year ANDOVER, Mass., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com)), reported operating results for the first quarter of fiscal year 2025, ended September 27, 2024. "Our first quarter 2025 results were generally as expected, and I am optimistic about our strategic positioning and expectations to deliver predictable organic growth with expanding margins and robust free cash flow," said Bill Ballhaus, Mercury's Chairman and CEO. "In the quart
ANDOVER, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, will release its first quarter fiscal year 2025 financial results after the market close on Tuesday, November 5, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financial matters affecting the
Q4 FY24 Bookings of $284.4 million; book-to-bill ratio of 1.14Q4 FY24 Revenue of $248.6 million; GAAP net loss and adjusted EBITDA ($10.8) million and $31.2 million, respectivelyRecord backlog of $1.3 billion; up 16% year-over-year ANDOVER, Mass., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), reported operating results for the fourth quarter and fiscal year 2024, ended June 28, 2024. "In fiscal 2024, we made considerable progress in addressing what we believe to be transient challenges in the business, and we enter fiscal 2025 confident in our strategic positioning as a leader in mission-critical processing at the edge and our ability to deliver p
ANDOVER, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, will release its fourth quarter and full fiscal year 2024 financial results after the market close on Tuesday, August 13, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financial matters affec
Q3 FY24 Bookings of $219.9 million; book-to-bill ratio of 1.06Q3 FY24 Revenue of $208.3 million; GAAP net loss and adjusted EBITDA ($44.6) million and ($2.4) million, respectivelyRecord backlog of $1.3 billion; up 17% year-over-year ANDOVER, Mass., May 07, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), reported operating results for the third quarter of fiscal year 2024, ended March 29, 2024. "In the third quarter of fiscal year 2024, we made solid progress in each of our four priority focus areas which included continuing the shift of development to production programs delivering mission-critical processing to the edge; expanding our record backlog to
ANDOVER, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, will release its third quarter fiscal year 2024 financial results after the market close on Tuesday, May 7, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financial matters affecting the Comp
Q2 FY24 Bookings of $325.4 million; book-to-bill ratio of 1.65Q2 FY24 Revenue of $197.5 million; GAAP net loss and adjusted EBITDA ($45.6) million and ($21.3) million, respectivelyQ2 FY24 Cash flow from operations of $45.5 million, free cash flow $37.5 million ANDOVER, Mass., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), reported operating results for the second quarter of fiscal year 2024, ended December 29, 2023. "In the second quarter of this transitional year, we focused on the two dynamics in our business that we believe are transitory—shifting our high mix of development programs to production and converting our high level of working capital
ANDOVER, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, will release its second quarter fiscal year 2024 financial results after the market close on Tuesday, February 6, 2024. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financial matters affecting the
ANDOVER, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), reported operating results for the first quarter of fiscal year 2024, ended September 29, 2023. "In the first quarter, we made progress against our enhanced execution plan to deliver predictable results, build a thriving growth engine, expand margins, and drive improved free cash flow," said Bill Ballhaus, Mercury's President and CEO. "We are reiterating our full-year guidance based on our current view of bookings, timing of product delivery, and allocation of factory capacity." "During the quarter we completed two of our 20 challenged programs, remaining on track to complete a total of
ANDOVER, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers processing power for the most demanding aerospace and defense missions, will release its first quarter fiscal year 2024 financial results after the market close on Tuesday, November 7, 2023. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury's quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company's view on earnings forecasts, and other business and financi
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Jefferies upgraded Mercury from Underperform to Hold and set a new price target of $42.00 from $30.00 previously
Alembic Global Advisors upgraded Mercury from Neutral to Overweight
Truist downgraded Mercury from Buy to Hold and set a new price target of $28.00 from $48.00 previously
Goldman downgraded Mercury from Neutral to Sell and set a new price target of $24.00 from $37.00 previously
Jefferies downgraded Mercury from Hold to Underperform and set a new price target of $30.00 from $35.00 previously
BofA Securities resumed coverage of Mercury with a rating of Underperform and set a new price target of $30.00
JP Morgan downgraded Mercury from Overweight to Neutral and set a new price target of $37.00 from $56.00 previously
Robert W. Baird downgraded Mercury from Outperform to Neutral and set a new price target of $40.00 from $48.00 previously
RBC Capital Mkts downgraded Mercury from Outperform to Sector Perform and set a new price target of $54.00 from $66.00 previously
Raymond James initiated coverage of Mercury with a rating of Outperform and set a new price target of $55.00
ANDOVER, Mass., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Brad Whittington as its Senior Vice President of Engineering, effective Aug. 12, 2024. Reporting to Chief Operating Officer Roger Wells, Whittington is responsible for the strategic planning, leadership, and execution of Mercury's recently integrated Engineering organization. Whittington has more than 25 years of experience in technical leadership roles in aerospace and defense. He most recently served as Vice President of Engineering and Chief Engineer for the Defense Sys
ANDOVER, Mass., June 18, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Tod Brindlinger as Senior Vice President of Operations, effective June 10, 2024. The company also announced the completion of the second phase of an organizational restructuring that began in January to improve performance and accelerate growth by consolidating and simplifying its operations. Reporting to Chief Operating Officer Roger Wells, Brindlinger is responsible for the company's global manufacturing, facilities, and supply chain. He has more than 30 years of leaders
ANDOVER, Mass., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Douglas Munro as Vice President and Chief Accounting Officer, effective February 12, 2024. Reporting to Chief Financial Officer Dave Farnsworth, Mr. Munro will be responsible for the Company's accounting operations and financial reporting. Mr. Munro joined Mercury in 2012 and has held several accounting leadership roles, most recently serving as the Company's Corporate Controller. Previously, Mr. Munro held various positions in public accounting at regional accounting firm
ANDOVER, Mass., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the appointment of Stuart Kupinsky as Executive Vice President and Chief Legal Officer, effective Jan. 29, 2024. Reporting to Mercury Chairman and CEO Bill Ballhaus, Kupinsky will be responsible for the company's legal strategy, including M&A, intellectual property, and enterprise contracts. Previously, Kupinsky served as Chief Legal Officer and General Counsel for five public and private technology companies, including Blackboard Inc. through its sale to Anthology Inc., now one of the large
ANDOVER, Mass., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced a simplified organizational structure aligned with its strategy to drive growth and value for all stakeholders. Mercury will go from having two divisions to one unified structure that incorporates multiple business units and supporting functions. With this change, the company named Roger Wells Chief Operating Officer, effective January 22, reporting to Mercury Chairman and CEO Bill Ballhaus. "Consolidating into a single, simplified organization is an important step toward converting our str
ANDOVER, Mass., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced the departure of Dr. Mitch Stevison, Executive Vice President and President of Mercury's Mission Systems division, effective December 1, 2023. Dr. Stevison will pursue a new opportunity outside of the company. Mercury Chairman and CEO Bill Ballhaus will lead the Mission Systems team until a permanent leader is identified. "Mitch made a significant impact during his tenure at Mercury," said Bill Ballhaus. "His passion for the mission and commitment to our purpose helped us to solidify our gr
ANDOVER, Mass., July 06, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))) ("Mercury" or the "Company"), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced a continuation of recent actions by the Board of Directors of Mercury (the "Board") to enhance the execution of the Company's strategic plan to drive value creation for all stakeholders through Board leadership changes and the appointment of an additional independent director with a shareholder perspective and proven investment track record. Bill Ballhaus, Mercury's Interim President and Chief Executive Officer, will assume the role of Ch
Board Concludes Thorough Review of Strategic Alternatives; Remains Open to All Pathways to Maximize Shareholder Value Board Appoints Bill Ballhaus Interim President and CEO Following Resignation of Mark Aslett; Initiates Search for Permanent Successor Defense Technology Leader Joins Board as Independent Director; Second Highly Qualified Candidate to Join Board as Independent Director New Permanent CFO Identified ANDOVER, Mass., June 23, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (the "Company" or "Mercury") (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced that following a comp
ANDOVER, Mass., March 02, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc., (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced the appointment of Christine Fox Harbison as Executive Vice President and Chief Growth Officer, effective March 6, 2023. Reporting to Mercury CEO Mark Aslett, Harbison will be responsible for executing the company's growth strategy, driving enterprise-level capture and proposal efforts, leading strategic account management, and developing global technology partnerships and initiatives. Harbison joins the company from Northrop Grumman's Defense Systems sector, wher
ANDOVER, Mass., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced that Vivek Upadhyaya has joined the Company as Vice President of Finance to lead the corporate finance team and be responsible for forecasting and analysis as well as internal management reporting. Upadhyaya was most recently Chief Financial Officer, Treasurer, and Chief Information Officer of Leonardo Electronics U.S., Inc., a subsidiary of Leonardo and supplier of laser and electronic solutions to the defense, security, and medical industries. Prior to that, he was