In a report released today, Trevor J. Walsh from JMP Securities reiterated a Buy rating on Kratos Defense (KTOS – Research Report), with a price target of $30.00. The company’s shares closed last Friday at $25.97.
According to TipRanks, J. Walsh is a 5-star analyst with an average return of 23.9% and a 73.15% success rate. J. Walsh covers the Technology sector, focusing on stocks such as Aviat Networks, CrowdStrike Holdings, and SentinelOne.
In addition to JMP Securities, Kratos Defense also received a Buy from Noble Financial’s Joe Gomes in a report issued on November 8. However, on October 30, B.Riley Financial downgraded Kratos Defense (NASDAQ: KTOS) to a Hold.
Based on Kratos Defense’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $275.9 million and a net profit of $3.2 million. In comparison, last year the company earned a revenue of $256.9 million and had a GAAP net loss of $2.7 million
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KTOS in relation to earlier this year. Most recently, in August 2024, Eric Demarco, the President & CEO of KTOS bought 11,980.00 shares for a total of $250,146.60.
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Kratos Defense (KTOS) Company Description:
Kratos Defense & Security Solutions, Inc. engages in the provision of technology systems to the U.S. Department of Defense. It operates through the following segments: Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment includes microwave electronic products, satellite communications, modular systems, and rocket support operating. The Unmanned Systems segment consists of unmanned aerial system and unmanned ground & seaborne system businesses. The company was founded on December 19, 1994 and is headquartered in San Diego, CA.
