KeyBanc Downgrades Kratos Defense & Security Solutions Inc to Sector Weight

Brokerage firm KeyBanc Downgrades its rating on Kratos Defense & Security Solutions Inc(NASDAQ:KTOS). The shares have been rated Sector Weight. Previously, the analysts had a Overweight rating on the shares. The rating by KeyBanc was issued on Aug 29, 2016.

Kratos Defense & Security Solutions Inc (KTOS) shares turned negative on Thursdays trading session with the shares closing down -0.01 points or -0.14% at a volume of 5,29,338. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.06. The peak price level was also seen at $7.06 while the days lowest was $6.835. Finally the shares closed at $6.97. The 52-week high of the shares is $7.58 while the 52-week low is $2.8001. According to the latest information available, the market cap of the company is $421 M.

Kratos Defense & Security Solutions Inc(KTOS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $168.20M. Analysts had an estimated revenue of $158.93M. Earnings per share were $0.01. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On Aug 15, 2016, William A Hoglund (director) purchased 150,000 shares at $5.89 per share price.Also, On Aug 10, 2016, Eric M Demarco (CEO) purchased 8,904 shares at $5.56 per share price.On Dec 14, 2015, Bandel L Carano (director 10% owner) purchased 100,000 shares at $3.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Kratos Defense & Security Solutions Inc. (Kratos) is a technology focused security business providing mission critical products solutions and services for domestic and international customers. The Company operates in three segments: Kratos Government Solutions (KGS) Unmanned Systems Segment (US) and Public Safety & Security (PSS). The US segment provides unmanned aerial ground seaborne and command control and communications system business. The KGS and US segments provide products solutions and services primarily for mission critical national security priorities. The PSS segment provides independent integrated solutions for advanced homeland security public safety critical infrastructure and security and surveillance systems for Government and commercial applications. The Company’s principal products and solutions are related to Command Control Communications Computing Combat Systems Intelligence Surveillance and Reconnaissance (C5ISR).

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