Noble Financial Affirms Mercury Systems (MRCY) at 'Hold'; Solid End to FY, but Valuation Full

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Go back to Noble Financial Affirms Mercury Systems (MRCY) at 'Hold'; Solid End to FY, but Valuation Full

Mercury Systems Reports Fourth Quarter and Fiscal 2016 Results

August 2, 2016 4:03 PM EDT

Mercury Fourth Quarter Highlights include:

Revenue, GAAP EPS, adjusted EPS and adjusted EBITDA all exceed estimatesOrganic book-to-bill ratio of 1.1 yields record backlog of $225 millionTotal Company book-to-bill ratio of over 1.2 yields total backlog of $288 million Total Company revenue increases 33% over prior year, including a 7% organic increaseCompleted acquisition of the embedded security, RF and microwave, and custom microelectronics businesses from Microsemi Corporation

CHELMSFORD, Mass., Aug. 02, 2016 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:... More