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Mercury Systems, Inc.

MRCY · NASDAQ

Market closed$96.08$0.080000 (+0.08%)After hours $96.08 · 0.00%

Key statistics

Previous close$96.00
Open$93.50
Day high$99.16
Day low$92.34
52-week high$128.45
52-week low$50.13
Market cap5.77B
Volume1.15M
Average volume691.64K
P/E ratio82.83
Forward P/E—
EPS1.16
Dividend yield0.00%

Market context

Why it moved

Mercury Systems edged slightly higher as investor sentiment remained broadly supported by the company's recently reported better-than-expected earnings, even as a Wall Street Zen downgrade to "Hold" and ongoing insider selling tempered more significant upside momentum.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Mercury Systems closed essentially flat amid a broader market pullback, with elevated volume of roughly 1.15 million shares — nearly double its average — suggesting active repositioning. The stock has attracted significant institutional accumulation, with Fifth Third Bancorp increasing its stake by over 22,000% and multiple other institutions adding positions in Q1, even as insiders have been net sellers. Analyst sentiment remains a 'Moderate Buy' with JPMorgan raising its target to $101 and Jefferies holding at $115, while the aerospace & defense sector broadly faces Morgan Stanley's selective but constructive outlook heading into Q2 earnings.

0.0833

July 17, 2026Mercury Systems shares tumbled nearly 7%, significantly underperforming the broader industrials sector (XLI closed roughly flat) and the S&P 500, which slipped just 0.4%. The selloff comes as the stock pulled back sharply from recent highs, with its 50-day moving average sitting at $106.64 — well above the current price — raising technical concerns. Analyst sentiment remains mixed: while Morgan Stanley stayed broadly constructive on aerospace and defense ahead of Q2 earnings, Goldman Sachs maintains a 'sell' rating with a $68 target, and the consensus price target of ~$95.78 now sits near current levels after today's drop. Insider selling has also weighed on sentiment, with directors and executives offloading over 21,000 shares in the past 90 days despite Mercury's Q1 earnings beat ($0.27 EPS vs. $0.06 expected) and 11.5% revenue growth. The broader market backdrop — a tech-led selloff driven by AI chip weakness and ongoing U.S.-Iran geopolitical tensions — added further pressure.

-6.769

July 15, 2026Mercury Systems gained over 2%, outperforming the broader industrials sector (XLI closed flat), as a cooler-than-expected June CPI report boosted defense sector sentiment and multiple institutional investors disclosed expanded positions. Several firms — including Fifth Third Bancorp, Emerald Advisers, and Emerald Mutual Fund Advisers Trust — increased their MRCY stakes in Q1, reinforcing institutional conviction. This follows a strong May earnings beat where MRCY reported EPS of $0.27 vs. a $0.06 estimate on $235.76M in revenue (+11.5% YoY), with JPMorgan lifting its price target to $101 and Jefferies holding a $115 target.

2.0965

July 14, 2026Mercury Systems tumbled roughly 9% — its sharpest single-day decline in recent months — as a broad market selloff driven by renewed U.S.-Iran hostilities weighed heavily on equities, overshadowing the company's otherwise improving fundamentals. Despite a strong Q1 beat (EPS of $0.27 vs. $0.06 consensus; revenue up 11.5% YoY) and Zacks' Strong-Buy upgrade, the stock is trading well above its consensus analyst price target of ~$92, raising valuation concerns that a bearish Seeking Alpha piece highlighted. JP Morgan recently raised its price target to $101 with a Neutral rating, while Goldman Sachs maintains a Sell, suggesting divided conviction even as defense sector tailwinds from a proposed $1.5T U.S. defense budget remain intact.

-9.0017

July 10, 2026Mercury Systems tumbled sharply, retreating from near 52-week highs as a Seeking Alpha piece argued the investment thesis has largely played out and labeled the stock a sell—adding pressure after a sustained rally that had pushed shares up over 150% from their 52-week low of $49.86. Despite a strong Q1 earnings beat (EPS of $0.27 vs. $0.06 consensus) and a Zacks upgrade to Strong Buy, insider selling activity and Goldman Sachs' maintained sell rating with a $68 target weighed on sentiment, with shares extending losses in after-hours trading even as the broader industrials sector (XLI) held firm.

-5.488

July 10, 2026Mercury Systems closed higher, bucking a recent sharp pullback, as investors weighed a competing set of signals: Zacks reiterated its Strong-Buy rating even while trimming its Q4 EPS estimate, and a Seeking Alpha note downgraded the stock to Sell arguing the investment thesis has largely played out. The stock's removal from multiple Russell value indexes in late June has added technical selling pressure, though a recent multi-year contract win for BuiltSECURE RTBX06 servers and a strong May earnings beat (EPS of $0.27 vs. $0.06 expected; revenue up 11.5% YoY) continue to underpin the bull case around execution on defense programs.

1.6369

July 8, 2026Mercury Systems fell nearly 3% as a broad risk-off session — triggered by escalating U.S.-Iran tensions and surging oil prices — weighed on defense tech names, despite Zacks Research upgrading the stock to 'Strong-Buy' on the same day. The pullback follows the stock's recent 52-week high of $128.45 hit just last week, with selling pressure compounded by Mercury's removal from multiple Russell value indexes in late June, which has weighed on index-driven capital flows. Investors are watching whether the company can convert its record backlog and strong Q1 beat (EPS $0.27 vs. $0.06 estimate; revenue up 11.5% YoY) into sustained profitability, while notable insider selling adds a note of caution to an otherwise constructive analyst backdrop.

-2.9526

July 8, 2026Mercury Systems tumbled nearly 6% — pulling back sharply from a fresh 52-week high of $128.45 hit earlier in the session — as profit-taking and insider selling concerns weighed on the defense tech name following a strong run. The selloff comes despite solid fundamental momentum: the company recently reported a blowout Q1 with EPS of $0.27 versus a $0.06 estimate and revenue of $235.76M, up 11.5% year-over-year, alongside record bookings and a growing backlog. Broader market headwinds — including semiconductor-led tech weakness, rising Treasury yields (30-year above 5%), and crude oil spiking on Middle East tensions — added pressure across the industrials sector, with the XLI ETF also closing lower on the day. In after-hours trading, shares partially rebounded, recovering roughly 2% to ~$118.

-5.8828

MarketBeat · July 18, 2026Future Fund LLC Raises Stock Position in Mercury Systems Inc $MRCYMarketBeat · July 18, 2026Mercury Systems (NASDAQ:MRCY) Downgraded by Wall Street Zen to "Hold"TradingView · July 10, 2026Q1 Defense Contractors Earnings: Mercury Systems (NASDAQ:MRCY) ImpressesMoomoo · July 10, 2026Jefferies Maintains Mercury Systems(MRCY.US) With Hold Rating, Raises Target Price to $115PR Newswire · July 3, 2026Did Mercury Systems, Inc. Insiders Breach their Fiduciary Duties to Shareholders?Simply Wall Street · June 30, 2026Did Record Bookings and Backlog Growth Amid Russell Value Index Removal Just Shift Mercury Systems' (MRCY) Investment Narrative?GlobeNewswire · May 28, 2026Mercury Receives Largest Production Order for its Common Processing Architecture ServersStockStory · May 5, 2026Mercury Systems (NASDAQ:MRCY) Reports Bullish Q1 CY2026
Benzinga · July 13, 2026JP Morgan Maintains Neutral on Mercury System, Raises Price Target to $101
Mt Newswire · May 28, 2026Mercury Systems Secures Order for Servers From Blue Raven
Benzinga · May 28, 2026Mercury Systems Bags Multi-Year Contract To Deliver 1,000 Of RTBX06 BuiltSECURE Servers To Blue Raven
Benzinga · May 15, 2026JANA Partners Decreases Stake In Markel Group To 75,307 Shares; Mercury Systems To 4,107,424 Shares
Mt Newswire · May 13, 2026Mercury Systems Insider Sold Shares Worth $625,527, According to a Recent SEC Filing
Benzinga · May 11, 2026Goldman Sachs Maintains Sell on Mercury System, Raises Price Target to $68
Benzinga · May 7, 2026Canaccord Genuity Maintains Buy on Mercury System, Raises Price Target to $106
Mt Newswire · May 5, 2026Mercury Systems Fiscal Q3 Adjusted Earnings, Revenue Rise

Peers

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