What Happened?
Shares of defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) jumped 3.6% in the afternoon session after the company secured a five-year task order valued at up to $145 million to provide engineering support services to the U.S. Navy's Portsmouth Naval Shipyard. The work was intended to help maintain fleet readiness, particularly for undersea platforms requiring rapid deployment. This support covered multiple submarine and submersible engineering areas focused on modernization, maintenance, and repair activities. This news followed another announcement that CACI received a three-year task order worth up to $79 million to support the US Army's efforts in countering electronic warfare threats. Together, the contracts highlighted the company's continued success in securing significant government work.
The shares closed the day at $605.61, up 2.1% from previous close.
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What Is The Market Telling Us
CACI’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 7 months ago when the stock gained 9.8% on the news that the company reported a "beat and raise" first quarter 2025 results which beat analysts' expectations on revenue, backlog, EPS, and EBITDA. Backlog climbed nearly 10% to a record $31.4 billion, and the company reported a healthy 1.2x book-to-bill ratio, reflecting ongoing demand for its secure communications, intelligence, and electronic warfare solutions. It also raised its full-year revenue and EPS guidance. Zooming out, we think this was a good quarter with some key areas of upside.
CACI is up 47.4% since the beginning of the year, and at $605.61 per share, it is trading close to its 52-week high of $617.97 from November 2025. Investors who bought $1,000 worth of CACI’s shares 5 years ago would now be looking at an investment worth $2,453.
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