27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Wells Fargo has downgraded CACI International Inc (NYSE: CACI) to Market Perform from Outperform after the company issued lower-than-expected fiscal 2017 outlook.
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CACI, a provider of IT and other services to the U.S. federal government, guided FY17 EPS of $6.02–$6.43 on revenue of $4.050 billion–$4.250 billion. The midpoint of the outlook ($6.22/$4.15 billion) came in below the Street's forecast of $6.50 EPS and $4.40 billion revenue and Wells Fargo's estimate of $6.65/$4.46 billion.
The disappointing guidance implies another year of organic declines and comes on the back of the company's third-quarter earnings miss.
"Initial FY17 guide disappointed as mid-point implies revenue down 5 percent organically versus decline of 1 percent assumed in FY16 guidance," analyst Ed Caso wrote in a note.
"The underperformance is primarily due to: 1) reduced (lower margin) pass-through revenue (indicated as about $100–150 multi-million headwind or 3pts. of growth), and 2) low-end services work up for recomplete that CACI did not aggressively bid and subsequently lost (magnitude not explicitly quantified)," Caso added.
As such, Caso cut the FY17 EPS view to $6.18 and revenue estimate to $4.16 billion. The analyst also slashed the valuation range to $90.00–$92.00 from $108.00–$111.0.
Shares of CACI closed Thursday's trading down 8.47 percent at $90.89.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.