Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares are trading higher Monday after the company announced its OpenEdge 2500 achieved Digital IF Interoperability Consortium (DIFI) compliance.

What Happened: Defense-focused technology company Kratos announced that its OpenEdge 2500 integration-ready digitizer has been designated as DIFI compliant.

The Kratos Defense OpenEdge 2500 system helps satellite antenna makers digitally enable their products by converting radio frequency signals into Internet protocol data streams. The company noted that the signal can be easily incorporated for use in modern communications networks.

“Kratos continues to lead the industry in building interoperable, standards-based products that bring satellite networks into the mainstream of global communications infrastructure,” said Kevin Tobias, director of product management at Kratos.

“Kratos is the first and only company delivering a commercially available, software-defined and orchestrated satellite ground system platform. The OpenEdge 2500 serves as an on-ramp for converting analog satellite data and communications streams for operations and management in digital and cloud environments.”

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Is KTOS A Good Stock To Buy?

Wall Street analysts view Kratos on the whole as an Outperform, given the history of coverage over the past three months. Trevor Walsh from JMP Securities in Kratos Defense & Security is the most optimistic, expecting a 33.33% rise in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past three months, Kratos shares rose 7.17%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 3.4% over the past year.

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KTOS Price Action: Kratos Defense shares were up 9.05% at $29.74 at the time of publication Monday, according to Benzinga Pro.

Photo: courtesy of Kratos Defense.