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  "documentTitle": "Mercury Systems Inc. (MRCY)",
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  "authorName": "Mercury Systems Inc.",
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  "presentationDate": "2018-10-17 00:00:00",
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  "notes": "Uses a table of analyst price targets followed by specific quotes from JP Morgan, Canaccord, and Jefferies to illustrate the 'consensus' view.",
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      "text": "Analysts have not critically evaluated the impact of Mercury’s relationship with Supermicro and the increased exposure stemming from its recent acquisitions of Themis and Germane Systems.",
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      "text": "Quotes from JP Morgan, Canaccord, and Jefferies analysts regarding Mercury's acquisitions and market position.",
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      "text": "Price Target: $56",
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      "text": "Analysts have not critically evaluated the impact of Mercury's relationship with Supermicro and the increased exposure stemming from its recent acquisitions of Themis and Germane Systems.",
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      "text": "Mercury is building a C4I rugged server business. Mercury highlighted how its acquisition of Germane benefits from its FY18 acquisition of Themis, which the company views as a platform to build upon. The two entities have complementary rugger server portfolios and cover much of the C4I market with an expected ~$100 mn in revenue. Near-term, the Germane acquisition is dilutive to company-wide profitability but Mercury should achieve cost synergies after integrating the units and believes the combined entity will reach the midpoint of MRCY's adjusted EBITDA margin target in 2020 — JPMorgan July 2018",
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      "text": "Broker, Canaccord, SunTrust, Baird, Drexel Hamilton, JP Morgan, Jefferies, Average Price Target, Implied Upside",
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