Welcome to our dedicated page for Telos Corporation news (Ticker: TLS), a resource for investors and traders seeking the latest updates and insights on Telos Corporation stock.
Telos Corporation Common Stock (symbol: TLS) represents a company renowned for providing cutting-edge cybersecurity, cloud security, and enterprise security solutions. Telos Corporation empowers and protects the world’s most security-conscious organizations, ensuring continuous security assurance of individuals, systems, and information.
Founded in 1971 and headquartered in Ashburn, Virginia, Telos serves military, intelligence, and civilian agencies of the federal government, allied nations, and commercial organizations across the globe. The company’s core offerings include solutions for IT risk management and information security; secure mobility to protect globally connected organizations; and identity management to establish trust in personnel and monitor for insider threats.
The company is organized into two primary segments: Security Solutions and Secure Networks. The Security Solutions segment, which drives the majority of the company’s revenue, focuses on cybersecurity, cloud, and identity solutions. The Secure Networks segment concentrates on enterprise security, delivering comprehensive network management and defense solutions.
Telos has achieved significant recognition within the industry. In 2017, the company was ranked in the top 25 on the global Cybersecurity 500 list by Cybersecurity Ventures and received the prestigious James S. Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS), an accolade awarded to less than 0.3% of eligible organizations.
Recent highlights include a five-year contract with the Defense Information Systems Agency (DISA) for the Telos Automated Message Handling System (AMHS), supporting critical information distribution for the U.S. Department of Defense and a $6.7 million two-year contract extension with the Central Intelligence Agency (CIA) to continue using Telos' Xacta® professional services for their Commercial Cloud Enterprise (C2E) Assessment and Authorization efforts.
Telos is also expanding its footprint in identity management by opening new TSA PreCheck enrollment centers across the U.S., making it more convenient for travelers to enroll and renew their memberships. The company is dedicated to providing technology-forward solutions that anticipate and address the evolving threats and needs of its clients.
Telos Corporation (NASDAQ: TLS) announced the appointment of Troy M. Bertram as Vice President to lead global enterprise sales teams. With over 25 years of experience in business development and sales, Bertram previously served as Chief Revenue Officer at Saildrone and held significant roles at Amazon Web Services and Dell Technologies. CEO John B. Wood emphasized Bertram's potential to enhance the company's momentum in commercial and regulated sectors. Telos specializes in cybersecurity solutions for government and commercial organizations, focusing on continuous security assurance.
Telos Corporation (NASDAQ: TLS) is set to report its fourth quarter and full year 2020 financial results on March 25, 2021, after market close. A conference call will follow at 4:30 p.m. ET, where management will discuss financial outcomes, recent developments, and future outlook. Telos specializes in cyber, cloud, and enterprise security solutions for high-security organizations, including government and commercial sectors.
Telos Corporation (NASDAQ: TLS) has partnered with Zscaler to utilize its enterprise cyber risk management framework, Xacta, for automating FedRAMP and DoD authorizations. This phased implementation will begin with Zscaler's current System Security Plan and extend to new integrations enhancing compliance efficiency for federal clients. John B. Wood, CEO of Telos, expressed optimism about future collaboration to streamline IT security compliance.
The integration aims to meet evolving regulatory requirements as agencies transition to complex multi-cloud environments.
Telos Corporation (NASDAQ: TLS) has appointed Nathan Lefebvre as program manager to lead digital identity initiatives in the transportation sector. With over 20 years of experience, including key roles at the TSA, Lefebvre's expertise in security technologies and screening processes is expected to enhance Telos' momentum in digital identity solutions. This strategic hire aligns with Telos’ commitment to innovative security measures and growing its identity solutions in response to future airport security and traveler screening needs.
Telos Corporation (NASDAQ: TLS) has formed a strategic partnership with Johnson Controls to integrate Telos Ghost into the OpenBlue Cloudvue Gateway. This collaboration aims to enhance security and privacy for customers by embedding a virtual obfuscation network that conceals camera sources and destination information. The integration will benefit multiple sectors including education and healthcare. The partnership is expected to create significant market opportunities and bolster Telos's presence in the IoT space.
Telos Corporation (NASDAQ: TLS) has partnered with Omnilert to integrate the Telos Ghost virtual obfuscation network into the Omnilert Gun Detect system. This partnership enhances the AI-powered visual gun detection solution, improving security measures in active shooter situations. The integration allows for source location masking and will be jointly marketed across sectors like education and healthcare. This collaboration emphasizes Telos’ commitment to leveraging cybersecurity technology for public safety.
Telos Corporation (NASDAQ: TLS) announced preliminary financial results for Q4 and FY 2020, projecting total revenue of approximately $44.7 million for Q4 and $179.7 million for the full year. Gross profit is expected to be around $15.8 million for Q4 and $62.2 million for the year, showing year-over-year growth. The release of full earnings will coincide with the Annual Report on Form 10-K, due by March 31, 2021. The company will provide 2021 guidance during this release, while acknowledging that preliminary results are subject to audit.
Telos Corporation (NASDAQ: TLS) has announced that the Social Security Administration (SSA) has exercised the first option year of its contract for the Xacta cybersecurity solution. This contract, originally awarded in September 2019, enhances SSA's cyber risk management by allowing ongoing assessments and continuous monitoring of systems. The Xacta solution improves data collection, risk management decisions, and compliance monitoring, transitioning SSA to more dynamic cybersecurity authorizations. The contract renewal is expected to bolster Telos's position in the cybersecurity sector.
Telos Corporation (NASDAQ: TLS) will release its fourth quarter and full year 2020 financial results on March 4, 2021, after market close. A conference call to discuss the results and future outlook is scheduled for 4:30 p.m. ET. Telos specializes in cybersecurity, cloud, and enterprise security solutions, catering to security-conscious organizations globally, including military and government agencies. The company's commitment to providing continuous security assurance is key to its business operations.
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