Zacks Investment Research Downgrades KEYW (KEYW) to Hold

KEYW (NASDAQ:KEYW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “KEYW Corporation with its subsidiaries is engaged in providing mission-critical cyber security and cyber superiority solutions to defense, intelligence and national security agencies. Its solutions, services and products support the collection, processing, analysis, and use of intelligence data and information in the domain of cyberspace. The Company provides a full range of engineering services as well as fully integrated platforms that support the entire intelligence process. Its platform includes products that it manufactures, as well as hardware and software that the Company integrates using its engineering services. Its current customers include the National Security Agency (NSA), other intelligence agencies, the Department of Defense (including major agencies and branches within the Department of Defense) and other federal defense and law enforcement agencies. KEYW Corporation is headquartered in Hanover, Maryland. “

A number of other equities analysts have also weighed in on KEYW. BidaskClub lowered shares of KEYW from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. William Blair initiated coverage on shares of KEYW in a research report on Monday, October 1st. They issued an “outperform” rating for the company. ValuEngine raised shares of KEYW from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Drexel Hamilton lowered shares of KEYW from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Noble Financial set a $11.00 price objective on shares of KEYW and gave the company a “buy” rating in a research report on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $9.20.

Shares of NASDAQ KEYW traded up $0.36 on Tuesday, hitting $9.30. The company’s stock had a trading volume of 20,242 shares, compared to its average volume of 253,814. KEYW has a 12-month low of $4.96 and a 12-month high of $9.84. The company has a market capitalization of $424.97 million, a PE ratio of -20.47 and a beta of 0.77. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.35 and a quick ratio of 1.95.

KEYW (NASDAQ:KEYW) last announced its quarterly earnings results on Tuesday, November 6th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). KEYW had a negative net margin of 0.09% and a negative return on equity of 2.55%. The business had revenue of $126.70 million during the quarter, compared to analysts’ expectations of $125.51 million. During the same period last year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts forecast that KEYW will post -0.11 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in KEYW by 2.8% during the second quarter. BlackRock Inc. now owns 3,194,452 shares of the software maker’s stock worth $27,917,000 after purchasing an additional 88,345 shares during the last quarter. Legal & General Group Plc increased its position in KEYW by 16.1% during the second quarter. Legal & General Group Plc now owns 2,795,534 shares of the software maker’s stock worth $24,433,000 after purchasing an additional 388,458 shares during the last quarter. Dimensional Fund Advisors LP increased its position in KEYW by 46.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,943,155 shares of the software maker’s stock worth $16,983,000 after purchasing an additional 614,071 shares during the last quarter. Royce & Associates LP increased its position in KEYW by 1.7% during the second quarter. Royce & Associates LP now owns 1,701,493 shares of the software maker’s stock worth $14,871,000 after purchasing an additional 28,000 shares during the last quarter. Finally, SG Capital Management LLC increased its position in KEYW by 38.2% during the third quarter. SG Capital Management LLC now owns 1,050,166 shares of the software maker’s stock worth $9,094,000 after purchasing an additional 290,546 shares during the last quarter.

KEYW Company Profile

The KeyW Holding Corporation, together with its subsidiaries, provides engineering and technology solutions to support the collection, processing, analysis, and dissemination of information across the spectrum of the intelligence, cyber, and counterterrorism communities in the United States. The company's solutions are designed to meet the critical needs of agile intelligence and U.S.

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