Perspecta Chairman and CEO Mac Curtis will retire once that company's transaction with Peraton is completed in the coming months, according to a letter he sent to employees. Peraton, backed by Veritas Capital, completed the first step in its transformation this week when it closed the acquisition of Northrop Grumman's IT business.
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing.
The market expects Perspecta (PRSP) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2020. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
Veritas Capital Fund Management LLC may have just created the largest U.S. federal information technology contractor. In just two months, Veritas bought Northrop Grumman Corp.'s IT services business for $3.4 billion and Perspecta Inc. for $7.1 billion, and now plans to merge them under Peraton Inc.
Number one in a pair of transactions that will create a new privately-held government technology company of at least $7 billion in annual revenue has completed. Private equity firm Veritas Capital said Monday it has closed its $3.4 billion cash acquisition of the Northrop Grumman IT and mission support services business, which is being folded into Veritas portfolio company Peraton.
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Investors in Perspecta Inc (Symbol: PRSP) saw new options become available this week, for the September 17th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 228 days until expiration the newly available c
Before 10 a.m. ET on Monday, 79 stocks hit new 52-week highs. HDFC Bank (NYSE:HDB) was the largest company by market cap to set a new 52-week high. Moleculin Biotech (NASDAQ:MBRX) was the smallest firm based on market cap to set a new 52-week high.
Amgen announced on Jan. 29 that its experimental lung cancer drug, sotorasib, has been granted Breakthrough Therapy Designation (BTD) by the Center for Drug Evaluation in China. The BTD designation was granted for patients with metastatic non-small cell lung cancer (NSLC) and who have received at least one systemic therapy before.
Number one in a pair of transactions that will create a new privately-held government technology company of at least $7 billion in annual revenue has completed. Private equity firm Veritas Capital said Monday it has closed its $3.4 billion cash acquisition of the Northrop Grumman IT and mission support services business, which is being folded into Veritas portfolio company Peraton.
TYSONS CORNER, VA, February 1, 2021 - The Intelligence and National Security Alliance added industry veterans Damian DiPippa, Adam Rudo and Vicki Schmanske to its board of directors for 2021, GovCon Wire reported Jan. 25. DiPippa, Rudo and Schmanske lead the intelligence businesses at Perspecta (NYSE: PRSP), ManTech International (Nasdaq: MANT) and Leidos (NYSE: LDOS), respectively.
NEW YORK, Jan. 30, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
Wells Fargo's CEO, Charles Scharf, saw a decline in his annual pay in 2020. According to a company filing dated Jan. 26, the Board of Directors approved an annual salary of $20.3 million for 2020, compared to a salary of $23 million in 2019. This reflects a decline of around 12% year-on-year.
Biogen shares were up by 5.5% on Jan. 29 after the pharma company announced that the U.S. Food and Drug Administration (FDA) had extended the review period by three months for its drug candidate for Alzheimer's disease - aducanumab.Biogen (BIIB) had submitted additional clinical data and analyses in response to an information request from the FDA as part of the ongoing review of the drug.
According to a Reuters report published on Jan. 31, last week, Facebook CEO Mark Zuckerberg reached out to lawmakers in Australia to discuss a planned law that would result in internet giants like Facebook (FB) and Google (GOOGL) paying media outlets for content used on their sites.
NEW YORK, Jan. 29, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Perspecta, Inc.
Larkspur, CA, based Investment company Hoertkorn Richard Charles ( Current Portfolio) buys General Electric Co, Ford Motor Co, Devon Energy Corp, Wells Fargo, Apache Corp, sells HP Inc, Hewlett Packard Enterprise Co, DXC Technology Co, Perspecta Inc during the 3-months ended 2020Q4, according to the most recent filings of the investment company, Hoertkorn Richard Charles.
News of Peraton Inc.'s massive $7.1 billion purchase of Perspecta Inc. (NYSE: PRSP) Wednesday shook up the federal information technology markets and signaled that contractors aren't done betting on the modernization market.