Kratos Shares Flat Around $55 as Cash Burn Looms Over Drone Defense Push
Kratos Defense & Security Solutions was steady at $54.72 in premarket trade Friday, after closing at $54.67 on Thursday. Investors are still figuring out how high a multiple they want to pay for the company’s focus on drones, hypersonics and missile-support systems. Premarket action comes ahead of the regular New York open at 9:30 a.m. Friday’s the last full Nasdaq session ahead of the Memorial Day break, with U.S. equities shut Monday, May 25. Nasdaq warns that extended-hours trading could see more volatility and thinner liquidity, which means less buying and selling and bigger price moves.