SAIC - Things Are Looking Up For Science Applications International Even As Shares Plunge

2024-03-18 16:55:14 ET

Summary

• Science Applications International Corporation is a major player in the defense and technology industry, serving government agencies like the Department of Defense.
• Science Applications International's financial performance has been mixed, with fluctuating revenue but rising profits. Other profitability metrics show weakness.
• Despite recent share price decline, now may be a good time for investors to consider buying into Science Applications International due to its potential for improvement and relatively cheap valuation.

Most companies generate the vast majority of their revenue from providing goods and services to either other businesses or consumers. There are plenty of companies that do some of both. But those aren't the only two customer groups out there. One major customer would be government agencies. And there are plenty of businesses, most of which are involved in defense, research, or other types of technology, that cater to these types of customers. Few of the players in this market are as large or as well-known as Science Applications International Corporation ( SAIC )....

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