Cubic (CUB) Receives a Hold from Canaccord Genuity

In a report released yesterday, Kenneth Herbert from Canaccord Genuity maintained a Hold rating on Cubic (CUBResearch Report), with a price target of $75.00. The company’s shares closed last Thursday at $74.84, close to its 52-week high of $78.13.

According to, Herbert is a top 100 analyst with an average return of 27.1% and a 71.4% success rate. Herbert covers the Technology sector, focusing on stocks such as Aerojet Rocketdyne Holdings, Spirit AeroSystems, and Maxar Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Cubic with a $73.33 average price target.

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Based on Cubic’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $319 million and GAAP net loss of $13 million. In comparison, last year the company earned revenue of $329 million and had a GAAP net loss of $20.58 million.

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Cubic Corp. is a technology provider of integrated solutions. The company designs, integrates and operates systems, products and services focused in the transportation, defense C4ISR and training markets. It operates through the following segments: Cubic Transportation Systems, Cubic Mission Solutions, and Cubic Global Defense Systems. The Cubic Transportation Systems segment designs, produces, installs, and services electronics revenue collection systems for mass transit projects, including railways and buses. The Cubic Mission Solutions segment provides C4ISR capabilities for defense, intelligence, security and commercial missions. The Cubic Global Defense Systems segment consists of customized military range instrumentation; laser based training systems, and virtual simulation systems. The company was founded by Walter J. Zable in 1949 and headquartered in San Diego, CA.