Science Applications Intl Stock (NASDAQ: SAIC)

Dernières nouvelles pour Science Applications Intl (NASDAQ:SAIC) Stock

Science Applications Intl

Science Applications International Corp provides technical, engineering, and enterprise IT services mainly to the U.S. government. Specifically, the company offers engineering, systems integration, and information technology for large government projects and a broad range of services with an emphasis on higher-end technology services. The company's end-to-end enterprise IT offerings span the entire spectrum of customers' IT infrastructure.

Science Applications International Corporation - Common Stock

Science Applications International Corp

In this project, SAI aims to significantly reduce CO2 emissions by recycling the wasted computing heat. Based on historical data indicating a monthly usage of 8,000 Thermal units, the project is estimated to reduce emissions by approximately 96,000 pounds per month. Additionally, the new system is expected to lower the aquatic center's heating expenses by more than 40% upon its completion.

News

Contracts

SAI.TECH Signs MOU With Idaho Central Aquatic Center Project For SAI US Idaho Node Project

General

SAI.TECH Global shares are trading higher after the company's Board authorized a buyback of up to $1 million and up to 1 million shares.

Shares of Chuy&#8217;s Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) rose sharply in today's pre-market trading after the company and Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) jointly announced that Darden will <a href="https://www.benzinga.com/m-a/24/07/39827558/chuys-holdings-stock-soars-on-darden-takeover-deal-what-you-need-to-know">acquire Chuy's Holdings</a>.
Chuy's Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy's outstanding stock for $37.50 per share in cash. The all-cash transaction has an enterprise value of approximately $605 million.
Chuy&#8217;s Holdings shares jumped 47.4% to $37.27 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) gained 65% to $0.2458 in pre-market trading. On July 15, Onconetix announced closing of warrant exercise for $1.11 million gross proceeds.</li>
<li>Apollomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLM#NASDAQ">APLM</a>) shares rose 30.4% to $0.2971 in pre-market trading after gaining around 13% on Wednesday. Apollomics late Tuesday announced it had received approval from Nasdaq for a 180-day extension to address non-compliance with its listing requirements due to its share price falling below $1.00 for an extended period.</li>
<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) rose 19.6% to $0.3480 in pre-market trading after jumping more than 18% on Wednesday.</li>
<li>Big Tree Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSY#NASDAQ">DSY</a>) gained 16.3% to $1.64 in pre-market trading.</li>
<li>SAI.TECH Global Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares gained 15.5% to $1.14 in pre-market trading after the company&#8217;s Board authorized a buyback of up to $1 million and up to 1 million shares.</li>
<li>Ostin Technology Group Co Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares climbed 11.8% to $0.37 in pre-market trading.</li>
<li>MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares surged 11.2% to $0.7229 in pre-market trading after jumping 16% on Wednesday. MultiMetaVerse recently entered into an agreement with Zhenghe Holding Co. to establish a joint venture to invest in and trade alternative assets with the assistance of quantitative algorithms.</li>
<li>QT Imaging Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTI#NASDAQ">QTI</a>) shares gained 10.7% to $0.7546 in pre-market trading.</li>
<li>Lilium N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILM#NASDAQ">LILM</a>) gained 9.2% to $1.06 in pre-market trading. Saudia Group and Lilium N signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Leslie&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) shares fell 22.6% to $3.16 in pre-market trading after the company issued preliminary third-quarter financial results below estimates and cut its FY24 guidance.</li>
<li>Aptevo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APVO#NASDAQ">APVO</a>) shares fell 15% to $0.4940 in pre-market trading after jumping 76% on Wednesday. On July 1, Aptevo Therapeutics announced the closing of $2.75 million offering.</li>
<li>Cetus Capital Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETU#NASDAQ">CETU</a>) shares declined 14.2% to $8.50 in pre-market trading after surging 80% on Wednesday.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares fell 12.5% to $0.7945 in pre-market trading after jumping around 32% on Wednesday.</li>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares dipped 11.7% to $6.33 in pre-market trading following a report suggesting the company&#8217;s liquidity has weakened and it is engaging bondholders for debt discussions.</li>
<li>Aditxt, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTX#NASDAQ">ADTX</a>) shares fell 11.5% to $2.05 in pre-market trading. Aditxt shares climbed around 46% on Wednesday after the company and Evofem amended and restated their merger agreement.</li>
<li>CBL International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANL#NASDAQ">BANL</a>) shares fell 10.2% to $0.80 in pre-market trading after gaining around 35% on Wednesday.</li>
<li>Lottery.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) fell 8.3% to $1.31 in pre-market trading after gaining over 12% on Wednesday.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) fell 7.8% to $1.18 in pre-market trading after jumping more than 40% on Wednesday.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) shares declined 8.1% to $22.50 in pre-market trading after jumping around 145% on Wednesday.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39814553/jim-cramer-says-dont-sell-match-group-youve-just-got-a-very-very-smart-investor-in-there">Jim Cramer Says Don&#8217;t Sell Match Group: &#8216;You&#8217;ve Just Got A Very, Very Smart Investor In There</a>&#8216;</li>
</ul>

Pre-Market Outlook

Markets

Movers

Trading Ideas

ADTX

APLM

APVO

AREB

BANL

BYND

CETU

CHUY

LESL

LILM

LTRY

Eaton Vance Massachusetts Municipal Income Trust

ONCO

SDST

VIRI

Why Chuy's Holdings Shares Are Trading Higher By 47%; Here Are 20 Stocks Moving Premarket

Buybacks

Reported Earlier, SAI.TECH To Repurchase Up To 1M Shares Under New Program By January 2025

WIIM

SAI.TECH Global Board Authorizes Buyback Of Up To $1M And Up To 1M Shares

Shares of WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its <a href="https://www.benzinga.com/news/earnings/24/07/39718439/wd-40-stock-climbs-on-better-than-expected-q3-results-the-details">third quarter on Wednesday</a>.
Quarterly sales came in at $155 million which beat the analyst consensus estimate of $145.8 million. WD-40 reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.27 per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
WD-40 shares jumped 12.5% to $247.20 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) rose 65.8% to $6.05 in pre-market trading after declining over 6% on Wednesday.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares rose 47.7% to $2.32 in pre-market trading after the company announced it received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States.</li>
<li>MingZhu Logistics Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) gained 45.1% to $2.38 in pre-market trading after surging over 12% on Wednesday.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) shares rose 28% to $2.15 in pre-market trading after declining around 5% on Wednesday.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) shares climbed 26.8% to $0.8478 in pre-market trading. Kazia Therapeutics shares jumped 248% on Wednesday after the company announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) rose 15.8% to $0.2316 in pre-market trading. On Wednesday, Castellum said it retired its term loan with Live Oak Banking Company ahead of schedule.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) gained 14.9% to $0.5885 in pre-market trading after gaining over 5% on Wednesday.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.3% to $5.35 in pre-market trading after surging 44% on Wednesday.</li>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) rose 5.1% to $82.32 in pre-market trading as the company reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) shares fell 22.6% to $5.73 in pre-market trading after jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares declined 14.7% to $1.45 in pre-market trading. Virpax Pharmaceuticals shares jumped over 46% on Wednesday after the company announced results for a Swine Model pilot study for Probudur.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) shares fell 14.3% to $3.90 in pre-market trading. Longeveron shares jumped over 58% on Wednesday after the company announced that the FDA granted Regenerative Medicine Advanced Therapy designation to Lomecel-B for the treatment of mild Alzheimer&#8217;s Disease.</li>
<li>Cingulate Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CING#NASDAQ">CING</a>) shares fell 14.1% to $0.5571 in pre-market trading after gaining 74% on Wednesday.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) fell 13.8% to $8.06 in pre-market trading after dipping around 48% on Wednesday.</li>
<li>Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) fell 11.4% to $0.4066 in pre-market trading after gaining over 20% on Wednesday.</li>
<li>Scisparc Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) shares fell 10.7% to $0.60 in pre-market trading. SciSparc recently signed a non-binding letter of intent to spin off its clinical-stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals.</li>
<li>SAI.TECH Global Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares dipped 7% to $1.07 in pre-market trading after jumping more than 28% on Wednesday.</li>
<li>Newegg Commerce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares fell 9.1% to $1.00 in pre-market trading after declining 5% on Wednesday. Newegg Commerce, on Monday, announced that the presale for its tenth annual FantasTech Sales event is now live.</li>
<li>LiveWire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NASDAQ">LVWR</a>) shares declined 6.8% to $7.00 in pre-market trading. LiveWire Group is expected to release its second quarter financial results before the opening bell Thursday, July 25.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39722606/s-p-500-settles-above-5-600-for-first-time-ahead-of-inflation-data-fear-index-moves-to-greed-zone">S&amp;P 500 Settles Above 5,600 For First Time Ahead Of Inflation Data, Fear Index Moves To &#8216;Greed&#8217; Zone</a></li>
</ul>

ASNS

BSFC

CING

KZIA

LGVN

LUCY

LVWR

NAAS

NEGG

NVOS

PSMT

SPRC

VLCN

VRPX

WDFC

YGMZ

ZAPP

Why WD-40 Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket

AZPN

DDOG

GTLB

HUBS

IREN

Shares of software companies may be trading lower amid a possible selloff following recent strength in the sector.

Aims To Enhance Competitiveness And Localization Efforts In Middle Eastern And International Markets

SAI.TECH Global Signs Two MoUs For HEATNUC Products To Strengthen Cooperation In Small Modular Reactor Industry

SAI.TECH Global Corporation shares are trading higher after the company announced the signing of a Memorandum of Understanding with Al-Farabi Kazakh National University in Kazakhstan to 'bolster educational and scientific research initiatives in the regi

SAI.TECH Global Corporation ("SAI.TECH" or "SAI" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>, SAITW)))), announces the signing of a Memorandum of Understanding (MoU) with Al-Farabi Kazakh National University (the "University") in the Republic of Kazakhstan. This collaboration aims to bolster educational and scientific research initiatives in the region.

Global

SAI.TECH Signs MOU With Al-Farabi Kazakh National University To Advance Technological Education And AI Computing Power In Kazakhstan

<h3>Gainers</h3>
<ul>
<li>Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) shares rose 19.6% to $1.44 during Monday's regular session. The company's market cap stands at $92.8 million. As per the press release, Q1 earnings came out 2 days ago. </li>
<li>LivePerson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) stock moved upwards by 17.33% to $0.67. The company's market cap stands at $59.4 million. As per the press release, Q1 earnings came out 3 days ago. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) shares increased by 16.23% to $4.94. The company's market cap stands at $32.4 million. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) shares increased by 16.03% to $3.69. The market value of their outstanding shares is at $11.8 million. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) shares moved upwards by 15.89% to $2.52. The market value of their outstanding shares is at $132.7 million. </li>
<li>WaveDancer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) stock moved upwards by 15.77% to $3.45. The company's market cap stands at $6.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares declined by 21.7% to $0.45 during Monday's regular session. The company's market cap stands at $43.8 million. As per the news, the Q3 earnings report came out today. </li>
<li>Strong Global (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGE#AMEX">SGE</a>) stock decreased by 13.27% to $1.7. The company's market cap stands at $13.3 million. </li>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) shares fell 11.15% to $2.63. The market value of their outstanding shares is at $70.6 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNHP#NASDAQ">SLNHP</a>) shares decreased by 11.12% to $2.0. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) stock decreased by 9.76% to $0.98. The company's market cap stands at $24.0 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares declined by 9.51% to $4.38. The company's market cap stands at $66.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MOBX

Next Technology Holding Inc. - Ordinary Shares

NXTT

SLNHP

VUZI

WAVD

WISA

12 Information Technology Stocks Moving In Monday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock rose 22.9% to $0.12 during Monday's pre-market session. The company's market cap stands at $2.5 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock increased by 15.58% to $0.34. The market value of their outstanding shares is at $4.4 million. </li>
<li>Squarespace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQSP#NYSE">SQSP</a>) shares rose 12.59% to $43.0. The company's market cap stands at $5.9 billion. As per the news, the Q1 earnings report came out 4 days ago. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) stock rose 11.76% to $1.14. The market value of their outstanding shares is at $19.9 million. </li>
<li>Information Servs Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/III#NASDAQ">III</a>) stock moved upwards by 9.51% to $3.28. The market value of their outstanding shares is at $158.5 million. As per the news, the Q1 earnings report came out 2 days ago. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) stock moved upwards by 9.1% to $0.26. The market value of their outstanding shares is at $13.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock decreased by 17.4% to $4.0 during Monday's pre-market session. The company's market cap stands at $61.0 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) stock decreased by 15.99% to $2.26. The company's market cap stands at $8.5 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock decreased by 13.96% to $2.22. The company's market cap stands at $14.4 million. </li>
<li>BTCS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) shares declined by 7.06% to $1.45. The company's market cap stands at $22.7 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares fell 6.99% to $1.01. The market value of their outstanding shares is at $24.8 million. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares decreased by 6.49% to $0.07. The market value of their outstanding shares is at $7.7 million. As per the press release, Q1 earnings came out 3 days ago. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASTI

BTCS

LIDR

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

SLNH

SQSP

12 Information Technology Stocks Moving In Monday's Pre-Market Session

SAI.TECH Signs MOU With Green Agritech For Canada Manitoba Site Project And Intention Of Establishing Joint Venture For Future Cooperation; SAI Responsible For Securing Miners For 1MW Data Center

SAI.TECH Global Corporation (("SAI.TECH" or "SAI" or the "Company", NASDAQ:<a href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>, SAITW)), a sustainable distributed bitcoin mining operator and a clean-tech company that integrates the bitcoin mining, power and heating industries, is proud to announce a major scale-up of its SAI NODE Marietta facility starting December 2023 and ongoing. This expansion demonstrates the company's dedication to enhancing the SAI NODE Marietta1, the Company's US R&amp;D center that focused on advancing technology for high-performance computing liquid cooling and industrial-scale computing heat recycling. &nbsp;
The expansion involves the strategic addition of 190 units of Bitmain S19 Pro+ Hydro bitcoin mining machines and 288 units of Bitmain S19 K Pro bitcoin mining machines. The deployment of the 478 bitcoin mining machines and the underlying investment of approximately $0.9 million increased the hash rate capacity of SAI NODE Marietta by approximately 68 PH/s (petahash per second). With the Company's additional deployment of bitcoin mining machines, it currently has approximately 150 PH/s operational hash rate for its self-mining operation, with an overall self-mining efficiency of approximately 27.3 J/TH. The newly added operation is to test the Company's 2nd generation of TANKBOX2, which is designed to further improve immersion cooling efficiency and flexibility of computing heat recycling.
Along with this expansion, SAI.TECH also announced an update about the SAI NODE Marietta as part of its ongoing efforts to provide sustainable and energy-efficient solutions to the bitcoin mining industry.
<ol>
<li>The first SAI ULTIWIT System3 was completed and has been operating 24/7 since Nov 2023. It consists of a 1MW bitcoin mining WITBOX4; a computing heat recycling, regulating, and supplying HEATBOX5; and a floor-heated 5000 ft2 greenhouse or USERBOX6.</li>
<li>The SAI ULTIWIT system has been successfully demonstrated and can effectively recycle computing heat to support the greenhouse's 24/7 operation even in severe winter weather conditions.</li>
</ol>
With the success of the first SAI ULTIWIT System, the latest added miners will help SAI to develop new technologies of recycling computing heat for many other applications, such as fishery, aquatic centers, and industrial heating processes.
SAI will continue to work closely with OCEC, academic schools, national labs, and industrial partners, seek support from the local community, state, and federal government, and develop the Marietta site to become an advanced computing center ecosystem (ACCE) - the first of a kind in the world.

SAI.TECH Announces Expansion Of SAI NODE Marietta, Increases Hash Rate By 68PH/s

<h3>Gainers</h3>
<ul>
<li>D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares rose 19.5% to $2.08 during Tuesday's pre-market session. The market value of their outstanding shares is at $332.6 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares moved upwards by 13.99% to $0.57. The market value of their outstanding shares is at $54.1 million. </li>
<li>Semantix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STIX#NASDAQ">STIX</a>) shares moved upwards by 11.76% to $0.76. The market value of their outstanding shares is at $59.6 million. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) stock rose 10.56% to $0.5. The market value of their outstanding shares is at $32.1 million. </li>
<li>One Stop Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSS#NASDAQ">OSS</a>) shares increased by 10.32% to $2.99. The market value of their outstanding shares is at $61.6 million. </li>
<li>SemiLEDs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEDS#NASDAQ">LEDS</a>) stock rose 9.87% to $1.78. The market value of their outstanding shares is at $11.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock fell 21.0% to $52.42 during Tuesday's pre-market session. The company's market cap stands at $311.4 million. </li>
<li>Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) shares decreased by 12.96% to $1.68. The company's market cap stands at $73.9 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) stock fell 12.29% to $0.25. The company's market cap stands at $3.3 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares fell 9.74% to $1.02. The market value of their outstanding shares is at $24.3 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares decreased by 9.58% to $1.7. The market value of their outstanding shares is at $18.2 million. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) stock decreased by 8.53% to $0.18. The company's market cap stands at $13.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FCUV

GNSS

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

IFBD

LEDS

QBTS

QMCO

STIX

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares moved upwards by 18.4% to $36.69 during Friday's pre-market session. The market value of their outstanding shares is at $217.9 million. </li>
<li>Bit Origin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) shares rose 13.52% to $4.7. The market value of their outstanding shares is at $29.6 million. </li>
<li>Greenidge Generation Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock rose 12.9% to $4.55. The company's market cap stands at $41.7 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) stock increased by 12.18% to $0.55. The company's market cap stands at $52.2 million. </li>
<li>Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) shares rose 11.65% to $209.53. The market value of their outstanding shares is at $174.3 billion. The company's, Q1 earnings came out yesterday. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) stock rose 11.26% to $1.18. The company's market cap stands at $28.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Dropbox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) stock fell 13.8% to $28.05 during Friday's pre-market session. The market value of their outstanding shares is at $9.4 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>MultiSensor AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) stock fell 11.69% to $3.1. The market value of their outstanding shares is at $37.0 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) shares fell 9.06% to $2.11. The market value of their outstanding shares is at $55.7 million. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock fell 8.89% to $0.2. The market value of their outstanding shares is at $4.0 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares fell 8.17% to $1.35. The market value of their outstanding shares is at $14.4 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock fell 7.37% to $0.27. The company's market cap stands at $3.4 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMAT

ARBB

AUUD

BTOG

GREE

Infrared Cameras Holdings, Inc. - Common Stock

MSAI

12 Information Technology Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Inpixon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INPX#NASDAQ">INPX</a>) stock rose 56.1% to $0.07 during Monday's pre-market session. The company's market cap stands at $13.5 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares moved upwards by 33.61% to $0.48. The company's market cap stands at $2.7 million. </li>
<li>UTime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) shares moved upwards by 19.04% to $0.25. The company's market cap stands at $3.3 million. </li>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) shares rose 18.84% to $1.64. The company's market cap stands at $93.6 million. </li>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares moved upwards by 12.6% to $1.34. The market value of their outstanding shares is at $4.0 million. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) stock increased by 9.64% to $6.14. The market value of their outstanding shares is at $9.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) stock declined by 27.1% to $2.31 during Monday's pre-market session. The company's market cap stands at $20.8 million. </li>
<li>Alpine 4 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) stock fell 8.77% to $0.67. The company's market cap stands at $17.9 million. </li>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares fell 7.25% to $1.92. The company's market cap stands at $1.8 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares declined by 6.62% to $1.13. The market value of their outstanding shares is at $26.9 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares decreased by 6.55% to $2.57. The market value of their outstanding shares is at $242.2 million. </li>
<li>Cipher Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) shares fell 5.7% to $3.31. The market value of their outstanding shares is at $850.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Prairie Operating (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROP#NASDAQ">PROP</a>) stock moved upwards by 5.3% to $8.0 during Friday's after-market session. The company's market cap stands at $75.8 million. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock moved upwards by 4.69% to $0.33. The company's market cap stands at $22.1 million. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) stock moved upwards by 4.61% to $2.72. The market value of their outstanding shares is at $45.2 million. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) shares rose 4.54% to $0.12. The market value of their outstanding shares is at $20.7 million. </li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares rose 2.94% to $1.05. The market value of their outstanding shares is at $153.9 million. </li>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) stock moved upwards by 2.69% to $3.05. The market value of their outstanding shares is at $8.0 million. As per the press release, Q3 earnings came out 4 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares declined by 6.4% to $0.13 during Friday's after-market session. The market value of their outstanding shares is at $6.7 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) stock fell 5.97% to $0.17. The company's market cap stands at $6.4 million. </li>
<li>EMCORE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) stock declined by 5.0% to $0.53. The market value of their outstanding shares is at $40.8 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares fell 4.91% to $0.31. The market value of their outstanding shares is at $1.7 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) stock decreased by 4.45% to $1.07. The market value of their outstanding shares is at $25.5 million. </li>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) shares decreased by 4.05% to $0.45. The company's market cap stands at $73.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARQQ

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EMKR

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PROP

PRST

RGTI

12 Information Technology Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares increased by 43.0% to $2.79 during Thursday's regular session. The market value of their outstanding shares is at $25.1 million. </li>
<li>Transphorm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGAN#NASDAQ">TGAN</a>) stock increased by 25.32% to $4.75. The market value of their outstanding shares is at $294.5 million. </li>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock moved upwards by 17.28% to $2.85. The company's market cap stands at $43.7 million. </li>
<li>WISeKey Intl Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) stock rose 16.11% to $2.6. The market value of their outstanding shares is at $25.1 million. </li>
<li>EMCORE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) stock moved upwards by 15.23% to $0.53. The company's market cap stands at $40.9 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) stock increased by 14.41% to $1.19. The company's market cap stands at $28.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) stock declined by 20.1% to $9.99 during Thursday's regular session. The company's market cap stands at $142.6 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Powerbridge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) stock decreased by 19.29% to $0.97. The company's market cap stands at $4.5 million. </li>
<li>Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares declined by 17.84% to $21.06. The company's market cap stands at $4.6 billion. </li>
<li>Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) shares decreased by 17.27% to $12.87. The company's market cap stands at $2.6 billion. </li>
<li>Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares decreased by 16.8% to $17.97. The company's market cap stands at $680.7 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares fell 14.93% to $1.96. The company's market cap stands at $389.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAOI

MARA

PBTS

RELL

RIOT

SPEC

TGAN

WKEY

12 Information Technology Stocks Moving In Thursday's Intraday Session

IYT: Industrials Dashboard For September

SAIC awarded $229M U.S. DoD contract

SAIC upgraded, Booz Allen downgraded at J.P. Morgan

The tech sector is riding high on advancements in AI, machine learning, and cloud computing, with no signs of slowing down. Given this backdrop, it could be wise to take a look at fundamentally sound stocks such as Leidos Holdings (LDOS), Science Applications International Corp (SAIC), and Sanmina Corp (SANM), which have exhibited strong momentum. Read more… The technology sector is growing exponentially thanks to advancements in domains like artificial intelligence (AI), cloud computing, and cybersecurity. Chief equity strategist at U.S. Bank Wealth Management, Terry Sandven, notes, "To a large degree, technology is impacting all sectors of the economy in all walks of life."
With AI, cloud services, and IoT being integrated across industries like automotive, healthcare, and finance, the sector's market performance is significantly boosting. Thus, investors looking to capitalize on this trend could consider investing in fundamentally sound tech stocks like Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>), Science Applications International Corporation (<a href="https://stocknews.com/stock/SAIC/">SAIC</a>), and Sanmina Corporation (<a href="https://stocknews.com/stock/SANM/">SANM</a>).
The global IT market is poised to expand rapidly at a <a href="https://www.businessresearchinsights.com/market-reports/information-technology-it-market-108885">CAGR of 11%</a>, reaching $26.93 trillion by 2032. This ongoing digital transformation among industries will ensure that tech companies remain central to driving future economic development.
Moreover, Gartner's latest research for worldwide IT spending forecasts a total of <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">$5.26 trillion in 2024</a>, an increase of 7.5% from 2023. With both the private sector pushing innovation and public-sector investments flowing into the tech space, the industry is poised for sustained momentum and long-term growth.
Considering these conducive trends, let's look at the fundamentals of the above-mentioned <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> picks in detail:
Stock #3: Sanmina Corporation (<a href="https://stocknews.com/stock/SANM/">SANM</a>)
SANM provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates through two business segments: Integrated Manufacturing Solutions; and Components, Products and Services.
In the fiscal third quarter that ended on June 29, 2024, SANM's net sales stood at $1.84 billion. The company's non-GAAP net income came in at $70.83 million or $1.25 per share. Also, its <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> grew significantly from the year-ago value to $67.23 million.
According to the fiscal 2024 outlook for the fourth quarter, SANM's revenue is projected to be between $1.90 billion and $2 billion. The company's EPS is anticipated to fall between $1.02 and $1.12, while its non-GAAP EPS is expected to range from $1.30 to $1.40.
Street expects SANM's revenue for the fiscal first quarter (ending December 2024) to increase 6.3% year-over-year to $1.99 billion. Its EPS for the same quarter is expected to improve 9.5% from the prior year to $1.42.
SANM's shares have surged 30.5% over the past nine months and 23.5% over the past year to close the last trading session at $66.88. Moreover, the stock is currently trading above its 200-day moving average of $63.16.
SANM's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has a B grade for Momentum. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 76 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, it is ranked #26. <a href="https://stocknews.com/stock/SANM/">Click here</a> to see the additional SANM ratings (Growth, Value, Stability, Sentiment, and Quality).
Stock #2: Science Applications International Corporation (<a href="https://stocknews.com/stock/SAIC/">SAIC</a>)
SAIC is a technology integrator providing full life cycle services and solutions in the technical, engineering, and enterprise information technology (IT) markets. The company's offerings include services across defense, space, civilian, and intelligence markets.
On September 18, SAIC received an award of $229 million from the U.S. Department of Defense, to provide vital IT solutions under the NORAD/USNORTHCOM Information Technology Enterprise Services (NITES) program. SAIC will help NITES with innovation, modernization, and efficiency in its program, deploying solutions in IT service, cloud migration, and cybersecurity.
On August 15, SAIC announced receiving three contracts of $58.20 million from the U.S. Navy, to support the Airborne Electronic Attack (AEA) Integrated Product Team (IPT) Jammer Technique Optimization (JATO) Program, the International Program, and the AEA IPT EA-18G Program. This deal will allow SAIC to deliver mission-critical solutions that include a wide range of technical services and support.
For the second quarter of 2024, which ended on August 2, SAIC's total revenues increased 1.9% year-over-year to $1.82 billion. Its adjusting operating income stood at $164 million, indicating a marginal growth from the prior-year quarter period.
Its non-GAAP net income came in at $105 million, while its non-GAAP EPS remained flat year-over-year at $2.05. In addition, the company's transaction-adjusted free cash flow grew 68.5% from the year-ago value to $241 million.
Looking ahead, SAIC anticipates revenue for the fiscal year 2025 to be between $7.35 billion and $7.50 billion. Its adjusted EBITDA and free cash flow are anticipated to be in the range of $680-$700 million and $490-$510 million, respectively. The company also projects adjusted EPS to fall between $8.10 and $8.30.
Analysts expect SAIC's revenue for the fourth quarter (ending January 2025) to increase 3.8% year-over-year to $1.80 billion, while its EPS for the same period is expected to grow 44.1% from the prior year to $2.06. Moreover, the company topped the consensus revenue estimates in each of the trailing four quarters.
SAIC's stock has gained 34.9% over the past year and 23% over the past three months to close the last trading session at $140.77. The stock is currently trading above its 50-day and 200-day moving averages of $129.05 and $128.23, respectively, indicating an uptrend.
SAIC's POWR Ratings reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
SAIC has a B grade for Growth, Value, and Momentum. It is ranked #7 in the same industry. <a href="https://stocknews.com/stock/SAIC/">Click here</a> to see other ratings for SAIC (Stability, Sentiment, and Quality).
Stock #1: Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>)
LDOS is engaged in developing smarter technology solutions, particularly for customers in highly regulated industries. The company operates through three segments: Defense Solutions; Civil; and Health.
On September 3, LDOS received a $51 million award from the National Healthcare Safety Network (NHSN) Development, Maintenance, Support, and Modernization contract by the Centers for Disease Control and Prevention (CDC), National Center for Emerging and Zoonotic Infectious Diseases. This 5-year contract includes LDOS' leveraging its data management band mission software expertise to the NHSN platform.
On August 27, LDOS announced it received a $51 million contract for Missile Warning/Missile Track Enhancement (MW/MT) from the Space Systems Command, Strategic Warning and Surveillance Systems Acquisition Delta. This 54-month deal will enhance missile warning capabilities with mission software and technology-enabled services.
LDOS' net revenue for the second quarter (ended June 28, 2024) increased 7.7% year-over-year to $4.13 billion. Further, it reportean d adjusted EBITDA of $559 million, indicating a 33.1% growth from the prioyear'sar quarter with a margin of 13.5% (up 260 bps year-over-year).
In addition, its non-GAAP free cash flow rose 183.1% from the year-ago value to $351 million. LDOS' non-GAAP net income for the quarter amounted to $358 million, and its non-GAAP EPS to $2.63, reflecting an increase of 43.8% and 46.1%, respectively, from last year.
The consensus revenue estimate of $4.13 billion for the fiscal fourth quarter (ending December 2024) represents a 3.7% increase year-over-year. The consensus EPS estimate of $2.11 for the same quarter indicates a 6.1% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past year, the stock has surged 79.1%, closing the last trading session at $165.01. LDOS' stock is trading above its 50-day and 200-day moving averages of $152.44 and $135.55, respectively.
LDOS' bright prospects are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has a B grade for Growth, Momentum, Stability, and Sentiment. Within the Technology – Services industry, it is ranked first out of 76 stocks. <a href="https://stocknews.com/stock/LDOS/">Click here</a> to see LDOS' ratings for Value and Quality.
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LDOS shares were trading at $165.08 per share on Wednesday afternoon, up $0.07 (+0.04%). Year-to-date, LDOS has gained 53.75%, versus a 20.71% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/ldos-saic-sanm-3-momentum-stocks-gaining-in-the-tech-sector/>3 Momentum Stocks Gaining in the Tech Sector</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Momentum Stocks Gaining in the Tech Sector

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cloudflare (NET – Research Report), Science Applic...

Analysts Offer Insights on Technology Companies: Cloudflare (NET), Science Applications (SAIC) and Advanced Micro Devices (AMD)

The tech sector thrives due to the rising demand for cybersecurity, automation, and data management, which drives significant investments from businesses and creates growth opportunities. As tech stocks show promising growth potential, it could be wise to consider affordable, high-growth tech stocks like TaskUs (TASK), Science Applications International (SAIC), and Teradata (TDC) now. Read on... As businesses continue to digitize, the demand for tech services like digital outsourcing, engineering, IT services, and multi-cloud enterprise analytics is soaring. This creates a compelling investment opportunity for value investors to consider affordable high-growth tech stocks like TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>), Science Applications International Corporation (<a href="https://stocknews.com/stock/SAIC/">SAIC</a>), and Teradata Corporation (<a href="https://stocknews.com/stock/TDC/">TDC</a>).
This year, global IT spending reached <a href="https://www.statista.com/statistics/1375372/global-it-spending-forecast/">$5.27 trillion</a>, reflecting strong growth prospects ahead. The increasing demand for cloud solutions, cybersecurity, automation, and data management is driving both major corporations and small to medium enterprises (SMEs) to invest in IT services for enhanced operations and efficiency. This trend underscores the current optimism in the tech market.
Furthermore, the rise of smart devices, personalized services, and innovations like 5G are unlocking new opportunities across industries. Moreover, growing data security concerns and regulatory requirements, especially in healthcare and finance, are fueling investments in IT services. As a result, the U.S. IT services market is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/us-it-services-market-report">7.9% CAGR through 2030</a>.
Considering these conducive trends, let's assess the fundamentals of the three abovementioned <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> picks, starting with number three.
Stock #3: TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>)
TASK provides digital outsourcing services for companies internationally. It offers a digital customer experience consisting of omnichannel customer care services primarily delivered through non-voice digital channels, other solutions, including experience and customer care services for new products or market launches, and customer acquisition solutions.
In terms of forward non-GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a>, TASK's 9.55x is 53.6% lower than the 9.55x industry average. Its 12.24x forward EV/EBIT is 28.1% lower than the 17.02x industry average. Moreover, its 1.25x forward EV/Sales is 35.8% lower than the 1.94x industry average.
TASK's revenue grew at a CAGR of 15.9% over the past three years. Similarly, its EBITDA grew at a CAGR of 6.3% during the same period.
TASK's service revenue for the second quarter, which ended June 30, 2024, stood at $237.94 million, up 3.8% year-over-year. Its adjusted EBITDA came in at $51.25 million. The company's adjusted net income stood at $28.64 million and $0.31 per share. Also, as of June 30, 2024, the company's total assets stood at $886.15 million, compared to $864.20 million as of December 31, 2023.
Street expects TASK's revenue for the quarter ended September 30, 2024, to increase 8.7% year-over-year to $245.33 million. Its EPS for the quarter ending December 31, 2024, is expected to rise marginally year-over-year to $0.35. TASK surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 51.3% to close the last trading session at $12.37.
TASK's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #9 out of 76 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry. It has a B grade for Growth, Value, and Quality. <a href="https://stocknews.com/stock/TASK/">Click here</a> to see TASK's Momentum, Stability, and Sentiment ratings.
Stock #2: Science Applications International Corporation (<a href="https://stocknews.com/stock/SAIC/">SAIC</a>) 
SAIC provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include a comprehensive range of engineering, technology, IT, logistics, training, simulation, and end-to-end services, including cloud migration, managed services, infrastructure modernization, and data management platform solutions.
On October 15, 2024, SAIC and Wind River announced an expanded strategic partnership to accelerate the development and deployment of mission-critical systems for U.S. Army and government customers. This collaboration will enhance product integration, speed up development, and improve system functionality.
On September 18, 2024, SAIC announced a $229 million contract to modernize IT solutions for NORAD and U.S. Northern Command, enhancing network resilience and cybersecurity.
In terms of the forward EV/Sales, SAIC's 1.28x is 34% lower than the 1.94x industry average. Its 16.32x forward EV/EBIT is 4.1% lower than the 17.02x industry average. Likewise, its 0.98x forward Price/Sales is 35.5% lower than the 1.52x industry average.
SAIC's EPS grew at a CAGR of 4.5% over the past three years. Moreover, its revenue grew at a CAGR of 5.5% over the past five years.
For the second quarter that ended August 2, 2024, SAIC's total revenues increased 1.9% year-over-year to $1.82 billion. Likewise, its adjusted operating income increased marginally over the prior-year quarter to $164 million. Furthermore, its non-GAAP net income came in at $105 million, while its non-GAAP EPS remained flat year-over-year at $2.05.
Analysts expect SAIC's revenue for the quarter ending October 31, 2024, to increase 2% year-over-year to $1.93 billion. Its EPS for the quarter ending January 31, 2025, is expected to grow 43.8% year-over-year to $2.06. Over the past year, the stock has gained 29% to close the last trading session at $147.24.
SAIC's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
SAIC is ranked #8 in the same industry. It has a B grade for Growth, Value, and Momentum. To see SAIC's Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/SAIC/">click here</a>.
Stock #1: Teradata Corporation (<a href="https://stocknews.com/stock/TDC/">TDC</a>) 
TDC provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.
On October 8, 2024, TDC announced new capabilities for VantageCloud Lake and ClearScape Analytics, allowing businesses to deploy cost-effective generative AI solutions with NVIDIA AI, enhancing flexibility, security, and ROI.
On September 17, 2024, TDC announced new features for ClearScape Analytics to enhance AI/ML investments, improve data science productivity, and simplify AI operationalization. These updates include Spark-to-ClearScape conversion, AutoML, KNIME integration, and open-source ML capabilities.
In terms of forward EV/EBIT, TDC's 9.84x is 52.3% lower than the 20.64x industry average. Similarly, its 14.25x forward non-GAAP P/E is 41% lower than the 24.13x industry average. Also, its 1.72x forward non-GAAP PEG is 8.3% lower than the 1.87x industry average.
TDC's total revenues for the second quarter ended June 30, 2024, were $436 million. Its non-GAAP operating income was $96 million, up 33.3% year-over-year. Similarly, the company's non-GAAP net income and non-GAAP EPS increased by 26.5% and 33.3%, respectively, from the year-ago values, reaching $62 million and $0.64.
For the quarter ended September 30, 2024, TDC's EPS is expected to increase 33.7% year-over-year to $0.56. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past month, the stock has gained 12.1% to close the last trading session at $31.97.
TDC's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Value and Quality and a B for Growth and Sentiment. Within the Technology – Services industry, it is ranked #2. To access the additional POWR Ratings of TDC for Momentum and Stability, <a href="https://stocknews.com/stock/TDC/">click here</a>.
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SAIC shares were trading at $147.42 per share on Wednesday afternoon, up $1.07 (+0.73%). Year-to-date, SAIC has gained 19.97%, versus a 23.59% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/saic-tdc-task-3-high-growth-tech-stocks-that-are-still-affordable/>3 High-Growth Tech Stocks That Are Still Affordable</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Growth Tech Stocks That Are Still Affordable

Booz Allen Hamilton downgraded at Jefferies on valuation

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Press Releases

SAIC Employees Embrace Generative AI with the Launch of Tenjin GPT

SAIC Board of Directors Declares Cash Dividend

SAIC Announces First Quarter of Fiscal Year 2025 Results

U.S. Navy Awards SAIC $120 Million Contract for Tactical Training War Game Support

U.S. Navy Awards SAIC Three Contracts for Engineering Services

SAIC Schedules Second Quarter Fiscal Year 2025 Earnings Conference Call for September 5 at 10 A.M. ET

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SAIC Announces Second Quarter of Fiscal Year 2025 Results

SAIC Awarded New $229 Million Contract for DoD IT Modernization

SAIC and Wind River Expand Strategic Partnership to Accelerate Development and Deployment of Mission-Critical Systems

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