Leidos Holdings Inc. ($LDOS) Stock Forecast: Down 0.7% Today

What is Leidos Holdings Inc.?

Leidos (LDOS) is a company known for its innovative solutions in the technology and defense sectors. Today, the stock experienced a strong bearish movement amidst the overall market decline.

Why is Leidos Holdings Inc. going down?

LDOS stock is down 0.7% on Sep 6, 2024 14:41

• Despite possessing solid growth attributes, Leidos (LDOS) faced a bearish trend today, deviating from its usual outperformance in the market.
• The award of the National Health Safety Network modernization contract by the CDC could have been overshadowed by broader market factors, leading to the stock's decline.
• While Lockheed (LMT) benefits from a steady inflow of orders, Leidos' market movement might have been influenced by factors specific to its industry or company.
• The comparison with Kratos (KTOS) in the aerospace sector this year might have also impacted investor sentiment towards Leidos, contributing to the bearish movement.

LDOS Price Chart

LDOS News

Leidos ( LDOS ) Advances While Market Declines: Some Information for Investors

In the closing of the recent trading day, Leidos (LDOS) stood at $156.09, denoting a +0.19% change from the preceding trading day.

https://www.zacks.com/stock/news/2331739/leidos-ldos-advances-while-market-declines-some-information-for-investors

3 Reasons Growth Investors Will Love Leidos ( LDOS )

Leidos (LDOS) possesses solid growth attributes, which could help it handily outperform the market.

https://www.zacks.com/stock/news/2331660/3-reasons-growth-investors-will-love-leidos-ldos

Lockheed Rides on Solid Order Growth Despite Labor Shortage

LMT is expected to benefit from its steady inflow of orders and strong international demand for its broad range of products amid the shortage of skilled labor.

https://www.zacks.com/stock/news/2331425/lockheed-rides-on-solid-order-growth-despite-labor-shortage

Is Kratos Defense & Security Solutions ( KTOS ) Outperforming Other Aerospace Stocks This Year?

Here is how Kratos (KTOS) and Leidos (LDOS) have performed compared to their sector so far this year.

https://www.zacks.com/stock/news/2331338/is-kratos-defense-security-solutions-ktos-outperforming-other-aerospace-stocks-this-year

Leidos awarded CDC's National Health Safety Network modernization contract - Leidos Holdings ( NYSE:LDOS )

RESTON, Va., Sept. 3, 2024 /PRNewswire/ -- Leidos LDOS, a Fortune® 500 innovation company, was recently awarded the National Healthcare Safety Network ( NHSN ) Development, Maintenance, Support, and Modernization contract by the Centers for Disease Control and Prevention ( CDC ) , National ...

https://www.benzinga.com/pressreleases/24/09/n40684649/leidos-awarded-cdcs-national-health-safety-network-modernization-contract

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Leidos Holdings Inc. Price History

03.08.2024 - LDOS Stock was down 1.6%

• The decline in LDOS stock could be linked to profit-taking by investors following a series of positive developments and contract wins, resulting in a temporary drop in the stock price.
• Despite securing multiple contracts and receiving positive feedback from Wall Street analysts, LDOS may have been excessively purchased, leading to a price adjustment.
• Comparisons between LDOS and other value stocks, such as LMT, might have influenced investor perspectives, prompting some to switch their investments to potentially more profitable alternatives.
• Market conditions and sector shifts may have contributed to LDOS' bearish movement, as investors review their portfolios and redistribute funds based on evolving trends and economic conditions.

06.08.2024 - LDOS Stock was down 0.7%

• Despite possessing solid growth attributes, Leidos (LDOS) faced a bearish trend today, deviating from its usual outperformance in the market.
• The award of the National Health Safety Network modernization contract by the CDC could have been overshadowed by broader market factors, leading to the stock's decline.
• While Lockheed (LMT) benefits from a steady inflow of orders, Leidos' market movement might have been influenced by factors specific to its industry or company.
• The comparison with Kratos (KTOS) in the aerospace sector this year might have also impacted investor sentiment towards Leidos, contributing to the bearish movement.

06.01.2024 - LDOS Stock was up 2.4%

• LDOS benefited from the positive outlook for the defense sector, with expectations of improved earnings and sales in the fourth quarter.
• The increase in stake by Mitsubishi UFJ Kokusai Asset Management Co. Ltd. indicates confidence in LDOS's performance.
• The positive earnings and revenue surprises from Huntington Ingalls, another company in the defense industry, may have contributed to the bullish movement of LDOS.

13.01.2024 - LDOS Stock was up 5.7%

• Leidos Holdings achieved impressive Q4 revenue growth, surpassing expectations.
• The company's adjusted EPS exhibited a substantial increase.
• LDOS surpassed expectations in both earnings and revenue for the quarter, signifying potential future growth.
• Despite encountering earnings challenges, Leidos Holdings experienced robust revenue growth.

14.01.2024 - LDOS Stock was up 5.7%

• LDOS reported a 8% year-over-year revenue growth in the fourth quarter of FY23, surpassing expectations.
• The company's adjusted EPS of $1.99 for the same period also surpassed expectations, showing a 9% year-over-year increase.
• LDOS delivered positive surprises in earnings and revenue for the quarter that ended in December 2023.
• The positive financial results and exceeding of expectations likely contributed to the bullish movement in LDOS today.

16.09.2023 - LDOS Stock was up 3.2%

• The bullish movement of LDOS today could be attributed to the following factors:
• 1. Positive rating upgrades: The article mentions that Leidos Holdings has flashed improved technical strength, indicating positive momentum in the stock. This could have attracted investors and contributed to the bullish movement.
• 2. Resilience of the technology industry: Despite macroeconomic challenges, the technology industry has shown resilience and adaptation. LDOS being a tech stock could have benefited from this trend, leading to increased investor interest.
• 3. Contract wins: The article mentions that Lockheed, a competitor in the defense industry, has won a deal to support an unmanned undersea vehicle. This news could have indirectly impacted LDOS positively, as it operates in a similar market.
• Overall, the positive rating upgrades, the resilience of the technology industry, and the contract wins in the defense sector could have contributed to the bullish movement of LDOS today.

13.01.2024 - LDOS Stock was up 6.9%

• LDOS reported a notable 8% year-over-year increase in fourth-quarter FY23 revenue, surpassing expectations. This strong financial performance likely played a role in the market's bullish movement.
• The company also exceeded earnings per share (EPS) estimates, achieving an adjusted EPS of $1.99, a 9% increase compared to the previous year. This positive surprise may have further bolstered investor confidence.
• Additionally, LDOS introduced a new financial structure based on segments, suggesting strategic changes within the company. This restructuring may have instilled optimism among investors regarding LDOS's future growth prospects.
• In conclusion, LDOS's impressive financial results and strategic initiatives likely fueled the bullish market movement observed today.

31.09.2023 - LDOS Stock was up 9.8%

• The bullish movement in LDOS stock today can be attributed to the following factors:
• 1. Robust demand in digital modernization: The company's strong revenue growth reflects increased demand for digital modernization solutions. This indicates that Leidos Holdings is successfully capitalizing on the growing need for advanced technology in various industries.
• 2. Positive earnings surprises: Leidos Holdings surpassed earnings and revenue estimates for the quarter, indicating strong financial performance. This likely boosted investor confidence and contributed to the bullish movement in the stock.
• 3. Raised annual outlook: The company raised its annual outlook, suggesting optimism about future growth prospects. This positive outlook could have attracted investors and contributed to the bullish market movement.
• Overall, the combination of strong demand for digital modernization, positive earnings surprises, and an improved outlook likely drove the bullish movement in LDOS stock today.

14.01.2024 - LDOS Stock was up 5.7%

• Several factors may have influenced the bullish movement in LDOS today:
• 1. Strong Q4 2023 Earnings: The company reported impressive fourth-quarter revenue growth and exceeded expectations in adjusted EPS.
• 2. Surpassing Expectations: LDOS delivered earnings and revenue surprises for the quarter, surpassing consensus estimates.
• 3. Positive Growth Outlook: The company expressed optimism about solid growth in 2024, with expectations of a surge in revenue and EPS.
• 4. Limited Negative News: The absence of significant negative factors or risks mentioned suggests that the positive financial results and growth outlook played a role in driving the bullish movement.