Mercury Systems Stock Edges Toward 52-Week Peak as Wall Street Keeps Cautious View
Mercury Systems stock closed Thursday at $117.82, up 5.6% and just below its 52-week high, with a market cap near $7.0 billion. The company reported record Q3 bookings of $348 million, a 73.7% jump, and a $1.6 billion backlog, but remained unprofitable with a $3 million net loss. Shares traded above all published analyst price targets. Defense sector peers also gained in premarket trading.