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MRCY $43.27

MRCY target price
43.27
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Mercury Systems
Type
Public
Traded as
  • NYSE: MRCY
  • S&P 600 Component
Industry Aerospace and defense
Founded Chelmsford, Massachusetts, United States (1981)
Headquarters Andover, Massachusetts,
United States
Key people
Mark Aslett
(President/CEO)
Revenue Increase $408.6 million USD (2017)
Number of employees
1000 (January 2017)
Website www.mrcy.com

Mercury Systems, Inc.( NASDAQ: MRCY ) is a defense contractor headquartered in Andover, Massachusetts. Mercury has supplied processing subsystems to over 30 prime contractors, in over 300 programs. Their processing subsystems are used in Intelligence, Surveillance and Reconnaissance (ISR), Radar, Electronic Warfare (EW), storage and guidance defense applications.

To meet Department of Defense (DOD) defense electronics procurement reform objectives, Mercury created a Next Generation Business Model. Defense procurement reform objectives are captured by the Department’s Better Buying Power 3.0 (BBP3.0) under the overarching theme of “Achieving Dominant Capabilities through Technical Excellence and Innovation.”

BBP3.0 highlights the need to leverage commercial technology through open system architectures thereby meeting agility, performance, interoperability and affordability objectives. Augmenting the requirements of BBP3.0 is the need to build security in to all defense processing systems to counter emerging threats, cyberattacks and reverse engineering. Mercury’s next-generation defense electronics business model meets BBP3.0 and counter contemporary security objectives by:

• Quickly adopting the best commercial technology in support of defense programs and missions
• Investing in R&D to complement the Pentagon’s, prime-contractors’, defense and non-profit labs’ own initiatives
• Creating secure processing subsystem building-blocks for pre-integrating into defense programs

Mercury has a systematic approach to the creation of defense processing subsystems using a sensor processing chain methodology to define reusable building blocks. This business approach leverages best commercial technology making Mercury processing building blocks interoperable and standardized, so defense processing subsystems are quickly developed.

Open system architectures (OSA) are fundamental to meeting the DOD’s BBP 3.0 objectives and are aligned with Mercury’s business posture. The company pioneered many of today’s embedded protocols and processing standards including RapidIO and OpenVPX (ANSI/VITA 65 standard) which is the de facto embedded digital processing standard.

Currently, the company is investing in OpenRFM for Radio Frequency (RF) and microwave processing that will bring interoperability to the RF/microwave domain, as OpenVPX did in the digital realm. OpenRFM standardizes the profiles, interfaces and protocols for RF and microwave processing enabling sensor chain applications to be fully open systems compliant. Mercury applies open systems architectures to software as well as hardware. This approach, applied to middleware preserves the software and application investments while adding new capabilities through tech-refreshes.

Mercury's third generation security framework is built into all their processing building blocks for system-wide security that is personalized and private for each application. This agnostic built-in security foundation spans 3U and 6U OpenVPX, secure-AdvancedTCA and rackmount ATX architectures enabling processing solutions to span platforms and form-factors.

Mercury’s acquisition of CES brought Design Assurance Level (DAL) capabilities to the company’s portfolio, for both DO-254 (hardware) and DO-178 (software). These capabilities are required for safety-critical mission computing used in commercial and military, manned and unmanned platforms.

The integration of CES’s flight safety capabilities and Mercury’s secure sensor processing capabilities is enabling the connection of the effects grid to the sensor grid through affordable open systems architectures.

Mercury is headquartered in Andover, Massachusetts within a secure and Defense Microelectronics Activity (DMEA) certified state-of-the-art facility. The facility incorporates a world-class design and engineering capability and an Innovation Center. Mercury Innovation Centers showcase the company’s sensor and mission processing solutions.

Mercury has redundant, scalable Advanced Microelectronic Centers (AMCs). AMCs are dedicated to the production of defense industry subsystems within a world-class, domestic manufacturing environment. AMCs are operated in New England, New York Metro-area, Southern California and a trusted DMEA facility in the Southwest, which also has Missile Defense Agency approval and AS9100 certification.

Mercury has three major product lines:
• Advanced Microelectronic Solutions / RF & Digital Solutions
• Sensor and Mission Processing - Mercury Mission Systems; Safety-critical avionics, mission processing, networking, and communication; Secure high-performance sensor processing, storage, and networking
• Mercury Defense Systems – Electronic Warfare; Secure Processing Solutions; Test & Simulation

Mercury’s businesses are supported by several dedicated international operations including: Toronto, Canada, Silchester, United Kingdom, Tokyo, Japan and Geneva, Switzerland.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2023 2022-10-31 Future report Set alerts
Q4 2022 2022-08-02 0.81 0.81
Q3 2022 2022-05-03 0.57 0.57
Q2 2022 2022-02-01 0.39 0.39
Q1 2022 2021-11-02 0.41 0.41
Q4 2021 2021-08-03 0.73 0.73
Q3 2021 2021-05-04 0.64 0.64
Q2 2021 2021-02-02 0.54 0.54
Q1 2021 2020-11-03 0.00 0.00
Q4 2020 2020-08-04 0.72 0.49

Ratings

2016-06-10 Initiated Coverage Citigroup Inc. Buy $27.00
2016-05-16 Reiterated Rating Sterne Agee CRT Buy
2016-04-20 Reiterated Rating KeyBanc Buy
2016-04-20 Reiterated Rating KeyCorp Buy
2016-03-30 Boost Price Target Sterne Agee CRT Buy $30.00
2016-03-27 Reiterated Rating Jefferies Group Hold $19.00
2016-03-27 Reiterated Rating Drexel Hamilton Buy $23.00
2016-03-24 Reiterated Rating KeyBanc Buy
2016-03-17 Initiated Coverage Sidoti Neutral
2016-01-27 Reiterated Rating William Blair Outperform
2015-12-04 Reiterated Rating Jefferies Group Hold $17.00 to $19.00
2015-11-16 Lower Price Target Sterne Agee CRT Buy $24.00 to $20.00
2015-10-28 Reiterated Rating Noble Financial Hold
2015-08-24 Initiated Coverage Drexel Hamilton Buy $19.00
2015-07-14 Reiterated Rating Jefferies Group Hold $14.00 to $16.00
2015-01-28 Boost Price Target Jefferies Group Hold $11.20 to $14.00
2015-01-28 Upgrade Sterne Agee CRT Neutral to Buy $14.50 to $20.00
2014-04-30 Boost Price Target Jefferies Group Hold $9.00 to $11.20
2011-02-22 Initiated Jefferies Buy $23
2010-06-16 Initiated Merriman Buy
2010-02-11 Upgrade William Blair Mkt Perform to Outperform
2010-01-25 Initiated Boenning & Scattergood Outperform $16
2008-12-16 Initiated Noble Financial Buy
2016-06-10 Initiated Coverage Citigroup Inc. Buy $27.00
2016-05-16 Reiterated Rating Sterne Agee CRT Buy
2016-04-20 Reiterated Rating KeyBanc Buy
2016-04-20 Reiterated Rating KeyCorp Buy
2016-03-30 Boost Price Target Sterne Agee CRT Buy $30.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ASLETT MARK President and CEO 1.32%  (437782) MRCY /
THIBAUD DIDIER M C SVP and GM, ACS 1.05%  (348440) MRCY /
HAINES GERALD M II SVP, Corporate Development 0.63%  (210760) MRCY /
BISSON KEVIN M SVP, CFO and Treasurer 0.48%  (159786) MRCY / SEAC /
Ruppert Michael EVP, CFO & Treasurer 0.35%  (117246) MRCY /
OBRIEN WILLIAM K 0.27%  (90570) MRCY /
HULT ROBERT SVP, CFO and Treasurer 0.26%  (85052) MRCY /
CAMBRIA CHRISTOPHER C SVP, Gen Counsel & Secretary 0.25%  (83815) GY / MRCY /
Vitto Vincent 0.24%  (79539) MRCY /
Daniels Michael A 0.23%  (78035) CACI / MRCY /
CHAMILLARD GEORGE W 0.22%  (72703) MRCY /
Muellner George K 0.21%  (70946) MRCY /
BASS JAMES K 0.20%  (67727) MRCY / TTMI /
STEELE LEE C 0.14%  (45203) MRCY /
SALINE CRAIG A SVP, Human Resources 0.13%  (42328) MRCY /
Speicher Charles A VP, Controller, and CAO 0.10%  (34897) MRCY /
WISHNER RICHARD P 0.10%  (31733) MRCY /
NEWMAN MARK S 0.06%  (18956) MRCY /
McCarthy Michelle M VP, CAO & Controller 0.02%  (6376) MRCY /
DISBROW LISA S 0.02%  (5063) MRCY /
Krakauer Mary L 0.02%  (5063) EMC / MRCY / XLNX /