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Needham Remains a Buy on Telos (TLS)

Needham analyst Alex Henderson maintained a Buy rating on Telos (TLSResearch Report) today and set a price target of $10.00. The company’s shares opened today at $9.23.

According to TipRanks, Henderson is a 5-star analyst with an average return of 19.9% and a 59.24% success rate. Henderson covers the Technology sector, focusing on stocks such as Ceragon Networks, Extreme Networks, and Zscaler.

Telos has an analyst consensus of Strong Buy, with a price target consensus of $9.88.

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Based on Telos’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $50.16 million and a GAAP net loss of $14.98 million. In comparison, last year the company earned revenue of $55.76 million and had a GAAP net loss of $14.78 million

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TLS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Telos Corp is an information technology company. Along with its subsidiaries, the company engages in designing and providing technologies to deliver solutions that empower and protect the enterprises. It generates revenue from software license, delivery of the software and from contracts and sub contracts for the United States Government.

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