QUOTE AND NEWS
SeekingAlpha  Mar 27  Comment 
ByDerek Chipman: Last June, I published an article providing coverage on Keyw Holdings Corporation (KEYW). The combination of strong fundamentals and attractive valuation at the time easily justified a strong buy recommendation. Since the previous...
StreetInsider.com  Mar 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/KEYW+Holding+%28KEYW%29+Appoints+New+CFO/9317269.html for the full story.
Benzinga  Mar 24  Comment 
Dataram (NASDAQ: DRAM) shares dropped 14.14% to $3.34 after the company reported FQ3 results. Dataram posted a quarterly net loss of $847,000. Magnegas (NASDAQ: MNGA) tumbled 13.75% to $2.07 after the company unveiled its mobile liquid biomass...
SeekingAlpha  Mar 24  Comment 
By Contrarian PM: As a follow-up to my previous article on KEYW Holding (KEYW), I want to highlight a few recent pieces of troubling information I don't expect you to find in the always-positive sell-side analyst notes. First, from the recently...
SeekingAlpha  Mar 7  Comment 
By Contrarian PM: The Most Expensive "Undiscovered" Cyber Security Company in the Market In our experience exuberance and enthusiasm for the market tend to peak not when the market leaders are afforded lofty valuations, but when, in desperate...
SeekingAlpha  Feb 6  Comment 
KEYW Holding Corporation (KEYW) Q4 2013 Earnings Conference Call February 4, 2014 5:00 p.m. ET Executives Leonard E. Moodispaw – Chairman & Chief Executive Officer, John E. Krobath – Chief Financial Officer & Executive Vice...
TheStreet.com  Feb 5  Comment 
NEW YORK (TheStreet) -- KEYW Holding gained 4.7% to $16.59 Wednesday following an earnings report that beat analysts' earnings estimate. For the fourth quarter the computer hardware and software company posted earnings of 12 cents a share....
StreetInsider.com  Feb 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/The+KEYW+Holding+Corporation+%28KEYW%29+Tops+Q4+EPS+by+3c/9124583.html for the full story.
Benzinga  Jan 6  Comment 
Below are the small-cap security software & services stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at ManTech International (NASDAQ: MANT) is $2.44 billion. ManTech's ROE for the same period is...




 
TOP CONTRIBUTORS

KEYW Holding (NASDAQ:KEYW) provides cybersecurity to U.S. government agencies, primarily in the defense and intelligence departments. [1] KEYW recently went public, posting its IPO in September of 2010 - since then, KEYW relies primarily on two segments: services and products.[2] Like other companies that compete for government contracts in the fields of national security, KEYW operates in a business environment defined by two opposing trends and forces. First, defense and intelligence contracting is always in high demand - the U.S. government spends nearly a trillion dollars a year on defense spending. Conversely, government expenditures may decrease in the face of continuing economic concerns and cutting bloated defense contracts may be appealing to lawmakers.

Business Growth

The company's initial public offering of stock on the NASDAQ and occurred on September 30, 2010. Its initial price range was $10-$12, and the stock priced at the bottom at $10. The company sold 9.1M shares and raised $91M. The lead underwriter was Suntrust Robinson Humphrey.[3]

The company has strategically acquired certain companies in an attempt to build a single unified platform. In particular, it acquired TAG and IIT in February and March respectively.[4] These acquisitions augmented KEYW's traditional flows of revenue: services and products.[2]

Trends and Forces

Defense and Intelligence Contracting Enjoys Historically High Demand

In the aftermath of the September 11, 2001 terrorist attacks, the U.S. defense and intelligence services grew dramatically. As of 2010, the U.S. defense budget nears one trillion dollars, nearly doubling its decade-ago figures. As such, KEYW enjoys the reliability of government spending on defense issues and counterterrorism efforts.[5]

Revenue Contingent on Continued U.S. Government Spending

Almost all of KEYW's revenue come from contracts with the U.S. government, especially in defense and intelligence. As U.S. economic concerns continue, lawmakers may be inclined to cut into the near trillion dollar U.S. defense budget. Such cuts would have second and third order effects in the private consulting industry, especially on companies such as KEYW that are reliant upon contracts for their revenues.

Competition

KEYW competes in a largely saturated, private industry that provides consultation services for the U.S. government. KEYW's main competitors include Booz Allen Hamilton (BAH), SAIC (SAI), Lockheed Martin (LMT), and Raytheon Company (RTN).

References

  1. KEYW S-1/A 2010 "Prospectus Summary" pg. 1
  2. 2.0 2.1 KEYW Announces First Quarter Earnings
  3. Renaissance Capital - IPO "KEYW Holding prices IPO at $10.00, low end of the range" 1 Oct 2010
  4. KEYW S-1/A 2010 "SUMMARY CONSOLIDATED FINANCIAL DATA" pg. 8
  5. 3 Stocks to Beat a Recession
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