Telos (NASDAQ:TLS) Updates FY 2021 Earnings Guidance

Telos (NASDAQ:TLS) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $283 million-$295 million, compared to the consensus revenue estimate of $287.80 million.

Telos stock traded down $0.93 during mid-day trading on Tuesday, hitting $31.78. The stock had a trading volume of 339,783 shares, compared to its average volume of 745,410. The company has a 50 day moving average of $34.64. Telos has a one year low of $18.08 and a one year high of $41.84.

A number of brokerages have issued reports on TLS. Wedbush increased their price objective on shares of Telos from $45.00 to $47.00 and gave the company an outperform rating in a report on Thursday, April 1st. Needham & Company LLC lifted their target price on Telos from $45.00 to $47.00 and gave the stock a buy rating in a report on Thursday, April 1st. DA Davidson raised their price target on Telos from $30.00 to $40.00 and gave the company a buy rating in a report on Friday, March 26th. Zacks Investment Research upgraded Telos from a hold rating to a buy rating and set a $37.00 target price for the company in a research report on Friday. Finally, B. Riley boosted their price target on shares of Telos from $45.00 to $50.00 and gave the stock a buy rating in a research report on Friday, March 26th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus price target of $41.25.

In related news, VP David S. Easley sold 170,818 shares of the business’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $33.00, for a total transaction of $5,636,994.00. Following the completion of the transaction, the vice president now owns 66,176 shares in the company, valued at approximately $2,183,808. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brendan D. Malloy sold 459,065 shares of the company’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $33.00, for a total value of $15,149,145.00. Following the completion of the transaction, the senior vice president now directly owns 211,198 shares in the company, valued at approximately $6,969,534. The disclosure for this sale can be found here. Insiders have sold 3,046,628 shares of company stock worth $100,538,724 in the last quarter.

About Telos

Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

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Earnings History and Estimates for Telos (NASDAQ:TLS)

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