CACI International Jumps On Solid Outlook (CACI, SONC, DGIT, CJES, TUES)
CACI International Inc (NYSE:CACI) soared 10.76% to $49.81 after the company provided better than estimated full year earnings guidance. The company projects to earn $6.60 to $6.90 per share on revenue of $3.8 billion and $4.0 billion for the fiscal year 2013, ahead of analysts’ estimates of $5.69 per share on revenue of $3.87 billion.
For the FY2012, the company maintained its earnings guidance of $5.80 to $6.01 per share on revenue of $3.73 billion to $3.83 billion, compared to analysts’ estimates of $5.79 per share on revenue of $3.80 billion. Additionally, CACI said that its Board of Directors has authorized the repurchase of 4 million shares of the company’s common stock.
Sonic Corporation (NASDAQ:SONC) rose 6.50% to $8.85 after analyst at Bank of America Merrill Lynch given a Buy rating on the stock following what the firm called “impressive” May sales at the company’s quick-service restaurants. It added the sales performance coincided with the return of Sonic’s “Two Guys” ad campaign. “More effective marketing may be the missing link to leverage previously implemented improvements in product quality, better guest feedback systems, more sophisticated pricing tactics, and more efficient media buying,” the analysts wrote.
Digital Generation Inc (NASDAQ:DGIT) turned lower and was recently down 2.40% to $11.84, off session high of $13.20. The company spurned a takeover offer valuing it at $20 a share, well above its current stock price, according to a report from Reuters that cited a source familiar with the matter. The digital-advertising company reportedly has drawn the interest of several potential suitors, including competing companies and private-equity firms.
C&J Energy Services Inc (NYSE:CJES) added 3.88% to $17.66 as the company agreed to acquire Casedhole Holdings Inc. for approximately $272.5 million in cash, a deal that will add wireline services to the oilfield-services provider’s offerings and also expand its geographic reach.
Tuesday Morning Corporation (NASDAQ:TUES) surged 3.41% after the company said late Wednesday it has ousted Chief Executive Kathleen Mason as the company also lowered its full-year guidance. The moves came after activist investment firm Becker Drapkin Management LP earlier Wednesday reported a 5.02% stake in the company and criticized its performance and leadership.