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Wells Fargo Securities Report Highlights CACI EBITDA Milestone, Capgemini-Altran Deal, Accenture Earnings Guidance

A new Wells Fargo Securities report says CACI International (NYSE: CACI) has reached the milestone of 10 percent earnings before interest, tax, depreciation and amortization margin. WFS Managing Director Ed Caso and Associate Analyst Justin Donati forecast that win rates will drive organic growth at the Arlington, Va.-based government contractor.

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Wells Fargo Report: Investors Seek Additional Financial Data on Gov’t Services Sector

A report by Wells Fargo Securities says that while investors like to see the growth and visibility of the government services industry, they also want more information to help them differentiate private sector players holding large contracts. WFS analysts Ed Caso and Justin Donati noted in the report the nature …

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Wells Fargo Securities: IBM to Release 2018 Q4 Results, Initial 2019 Guidance

A Wells Fargo Securities report says IBM (NYSE: IBM) is scheduled to release on Tuesday its fourth-quarter results for 2018 and initial guidance for 2019. According to the report released Friday, shareholders of Red Hat (NYSE: RHT) approved a deal for IBM to acquire the Raleigh, N.C.-based software company for approximately …

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Harry Martin: Intelligent Decisions Taps Wells Fargo Supply Chain Group in Liquidity, Strategic Initiatives Push

Intelligent Decisions has opened a $75 million credit facility with Wells Fargo Capital Finance to fund the information technology contractor’s purchasing and growth plans, the ABL Advisor reported Nov. 21. “We are pleased to work with Wells Fargo Capital Finance on this credit facility, ” said Harry Martin, president and …

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NetApp CEO Georgens to Speak at Wells Fargo Tech Transformation Summit

NetApp (NASDAQ: NTAP) announced that CEO Tom Georgens will address the Wells Fargo Tech Transformation Summit in San Francisco on Wednesday, April 6, 2011 at 8:00 a.m. According to the firm, “a live audio Webcast of the presentation will be available at investors.netapp.com. The audio Webcast archive of the event …

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SAIC Defense Group Head Deb Alderson, CFO Mark Sopp to Lead Presentation of Wells Fargo Conference

SAIC (NYSE: SAI) will produce a live webcast of its presentation at the Wells Fargo Securities Technology, Media and Telecom Conference. The conference is set for Nov. 9 in New York. The presentation will be led by Deborah Alderson, president of SAIC’s Defense Solutions Group, and CFO Mark Sopp. According …

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Parsons Sets IPO Share Price at $26 to $28

Parsons (NYSE: PSN) is selling 18,518,500 shares of common stock at a target price of $26 to $28 per share through an initial public offering. The company said Monday it expects to grant underwriters a 30-day option to buy up to 2,777,775 additional shares. BofA Merrill Lynch, Morgan Stanley and …

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Parsons Announces Submission of Registration Statement for Proposed IPO

Parsons has submitted to the Securities and Exchange Commission a registration statement for its planned initial public offering. The company said Friday it plans to trade on the New York Stock Exchange using the ticker symbol “PSN” and details about the price range and number of shares to be put …

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Defense Firms Report Impact of Gov’t Shutdown, Expect Military Funding Increase for Fiscal 2020

Major defense primes General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) did not experience “notable” impacts from the 35-day partial government shutdown, Wells Fargo Securities reported Friday. The investment bank added that Booz Allen Hamilton (NYSE: BAH) projected a March quarter impact of nearly $20M in revenue, while …

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