Why CACI International and Other Defense IT Stocks Fell Today

Government IT investors have been on edge since the U.S. election and the subsequent announcement of the waste-cutting initiative that Donald Trump calls the Department of Government Efficiency (DOGE)This earnings season provides sector leaders a platform to comment on the potential impact, and an initial attempt to do so appears not to have provided much comfort.Shares of CACI International (NYSE: CACI) traded down as much as 10% on Thursday morning following the company's earnings release, and were down 5% as of 11 a.m. ET. Shares of rivals Leidos Holdings (NYSE: LDOS) fell as much as 8%, and Booz Allen Hamilton (NYSE: BAH) and Science Applications International (NASDAQ: SAIC) fell as much as 7% apiece, as investors pondered what the future holds for this sector.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool