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We recently published a list of 10 Firms That Led Bloodbath Today. In this article, we are going to take a look at where Booz Allen Hamilton Holding Corporation (NYSE:BAH) stands against other Friday’s worst-performing stocks.
Booz Allen fell by 16.53 percent on Friday to finish at $107.79 each as investors were spooked by a pessimistic outlook and announcements of job cuts.
In a stockholders’ meeting on Friday, Booz Allen Hamilton Holding Corporation (NYSE:BAH) said it was slashing as much as 7 percent of its 36,000 total workforce this quarter in response to the Trump administration’s move to reduce government spending.
According to Chief Finance Officer Matt Calderone, most of the job cuts will take place in the civil business.
A technician testing and configuring a digital solution at a lab workstation.
“We are seeing agency reorganizations, reductions in government personnel and spending levels, as well as contract reviews,” said CEO Horacio Rozanski. “These are especially acute in civilian agencies.”
Booz Allen Hamilton Holding Corporation (NYSE:BAH) generates most of its revenues from government contracts. With the reduced government spending, it said it now expects revenues to fall by low double-digits in the full fiscal year of 2026.
Overall, BAH ranks 3rd on our list of Friday’s worst-performing stocks. While we acknowledge the potential of BAH, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAH and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.