CA (CA) is Upgraded by Credit Suisse to Neutral, Raises Price Target to $ 33

CA (CA) was Upgraded by Credit Suisse to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 33 from a previous price target of $22.50 . Earlier the firm had a rating of “Underperform ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on CA. Company shares were Reiterated by Mizuho on Apr 11, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $29 .CA was Downgraded by Standpoint Research to ” Hold” on Mar 9, 2016.

On the company’s financial health, CA reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.58. The company had revenue of $1034.00 million for the quarter, compared to analysts expectations of $1001.67 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.

CA opened for trading at $30.08 and hit $30.57 on the upside on Monday, eventually ending the session at $30.4, with a gain of 0.86% or 0.26 points. The heightened volatility saw the trading volume jump to 20,86,341 shares. Company has a market cap of $12,670 M.

In a different news, on Dec 7, 2015, Adam Elster (EVP & GRP EXEC, WW SALES & SER) sold 11,845 shares at $28.50 per share price. According to the SEC, on Aug 24, 2015, Richard J Beckert (EVP & CFO) sold 70,402 shares at $28.34 per share price. On Jun 18, 2015, Jacob Lamm (EVP, STRATEGY & CORPORATE DEV) sold 5,595 shares at $29.77 per share price, according to the Form-4 filing with the securities and exchange commission.

CA Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products including DevOps which allows customers to unite application development and IT operations; Management Cloud which includes the Company’s IT Business Management (ITBM) solutions API Management solutions and Enterprise Mobility Management solutions and Security which consists of identity and access management. The Services segment consists of product implementation consulting customer education and customer training.


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