Telos (NASDAQ:TLS) Announces Quarterly Earnings Results

Telos (NASDAQ:TLS) announced its quarterly earnings results on Monday. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04, FiscalAI reports. Telos had a negative return on equity of 26.12% and a negative net margin of 20.47%.The business had revenue of $46.78 million for the quarter, compared to analyst estimates of $45.22 million.

Telos Stock Up 18.0%

Shares of NASDAQ:TLS opened at $5.05 on Monday. Telos has a 1 year low of $1.83 and a 1 year high of $8.36. The stock has a 50-day simple moving average of $4.85 and a 200-day simple moving average of $5.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.76. The stock has a market capitalization of $372.44 million, a P/E ratio of -12.32 and a beta of 1.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.75.

Institutional Investors Weigh In On Telos

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new position in shares of Telos in the first quarter valued at $39,000. Quarry LP purchased a new stake in Telos during the 4th quarter worth $39,000. NewEdge Advisors LLC lifted its holdings in Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after buying an additional 4,000 shares in the last quarter. Entropy Technologies LP purchased a new position in Telos in the 4th quarter valued at about $55,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Telos during the second quarter valued at about $67,000. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

Telos Company Profile

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.

Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.