Citigroup Initiates Coverage on Mercury Systems Inc(NASDAQ:MRCY). The shares have been rated Buy. The rating by Citigroup was issued on Jun 10, 2016.
In a different note, Sidoti & Co. said it Initiates Coverage on Mercury Systems Inc, according to a research note issued on Mar 17, 2016. The shares have been rated ‘Neutral’ by the firm.
Mercury Systems Inc (MRCY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.21% or 0.05 points. Due to strong positive momentum, the stock ended at $23.46, which is also near the day’s high of $23.58. The stock began the session at $23.4 and the volume stood at 2,10,188 shares. The 52-week high of the shares is $23.58 and the 52 week low is $13.56. The company has a current market capitalization of $939 M and it has 4,00,28,735 shares in outstanding.
Mercury Systems Inc(MRCY) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $65.90M. Analysts had an estimated revenue of $65.50M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.14.
Several Insider Transactions has been reported to the SEC. On May 6, 2016, Didier M C Thibaud (EVP, COO) sold 77,000 shares at $20.52 per share price.Also, On Nov 9, 2015, Mark Aslett (President and CEO) sold 15,000 shares at $18.09 per share price.On Nov 4, 2015, Vincent Vitto (director) sold 16,000 shares at $16.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Mercury Systems Inc. is a commercial provider of secure and sensor processing subsystems. The Company has two segments: Mercury Commercial Electronics (MCE) and Mercury Defense Systems (MDS). The Company’s MCE segment offers technologies which include embedded processing modules and subsystems radio frequency (RF) and microwave multi-function assemblies as well as subsystems and RF and microwave components. MDS provides capabilities relating to pre-integrated electronic attack (EA) and electronic counter measure subsystems signals intelligence and electro-optical/infrared processing technologies and radar environment test and simulation systems. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. Its programs include Aegis Patriot Surface Electronic Warfare Improvement Program (SEWIP) Gorgon Stare Predator F-35 and Reaper.