NYSE:VVXAerospace & Defense
V2X (VVX) Stock Drops As Raised Guidance Meets Valuation Doubts
V2X stock took a sharp hit today, dropping nearly 9% after investors reacted to the latest Q2 print. That move came even as the company delivered double digit revenue growth to about US$1.26b and lifted full year guidance for revenue, adjusted EBITDA and earnings per share. The short term message from the tape is anxiety about how much good news is already reflected in the price.
The longer term story looks different. Guidance now implies a higher earnings profile and stronger cash generation...