We recently compiled a list of the 10 Firms Buck Market Bloodbath on Monday. In this article, we are going to take a look at where Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) stands against the other stocks.

The stock market suffered a bloodbath anew on Monday, with the Nasdaq plunging to its worst level in three years over concerns about the health of the US economy after the Trump administration acknowledged the possibility of a potential rough patch.

The tech-heavy Nasdaq fell the heaviest, down 4 percent, followed by the S&P 500, which declined by 2.7 percent. The Dow Jones, for its part, dropped by 2.08 percent.

Meanwhile, 10 companies managed to book modest gains, bucking the broader market caution. We have identified the names that led the charge and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.

A technician in a laboratory carrying out research and development of microwave electronics.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) rose by 6.93 percent on Monday to end at $29.18 apiece as investors took heart from news that its OpenEdge 2500 integration-ready digitizer has achieved official Digital IF Interoperability (DIFI) compliance.

The DIFI Digital IF/RF Standard is intended to accelerate industry transformation beyond stove-piped, hardware-based systems and into digital software-defined networks.

The adoption of the standard provides network operators with the ability to choose the best of breed products with standards-based digitization.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s OpenEdge 2500 helps satellite antenna makers digitally enable their products by converting radio frequency (RF) signals into Internet protocol (IP) data streams. The DIFI compliant digital signal is easily incorporated for use into modern software-defined communications networks. The digitizer can be embedded within any antenna, terminal, or Universal Customer Premise Equipment (uCPE).

Overall KTOS ranks 4th on our list of Monday's top gainers. While we acknowledge the potential of KTOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KTOS but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.