Computer Sciences Corporation (CSC) is Downgraded by Wells Fargo to Market Perform

Computer Sciences Corporation (CSC) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Apr 13, 2016.

Many Wall Street Analysts have commented on Computer Sciences Corporation. Computer Sciences Corporation was Resumed by Goldman to “Neutral” on Mar 9, 2016. Computer Sciences Corporation was Downgraded by Citigroup to ” Neutral” on Feb 26, 2016.

On the company’s financial health, Computer Sciences Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.69. The company had revenue of $1750.00 million for the quarter, compared to analysts expectations of $1851.18 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.

Computer Sciences Corporation closed down -0.2 points or -0.60% at $33.12 with 5,51,675 shares getting traded on Monday. Post opening the session at $33.51, the shares hit an intraday low of $33.075 and an intraday high of $33.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 6, 2016, John M Lawrie (Chairman, President and CEO) sold 5,200 shares at $33.32 per share price. According to the SEC, on Nov 6, 2015, Paul N Saleh (Exec Vice President and CFO) sold 198,109 shares at $68.00 per share price. On Jun 16, 2015, William L Jr Deckelman (Exec VP and General Counsel) sold 16,707 shares at $67.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS) which is a provider of various technology solutions including consulting applications services and software; Global Infrastructure Services (GIS) which provides solutions such as managed and virtual desktop solutions and data center management and North American Public Sector (NPS) which delivers IT mission and operations-related services. Its subsidiary ServiceMesh Inc. (ServiceMesh) is a provider of enterprise cloud management software. ServiceMesh also provides various other services such as tiered services levels different levels of security self-service options governance policy and real time monitoring. CSC’s subsidiary Fruition Partners provides technology-enabled solutions for the service-management sector and provides support for ServiceNow-related software

Computer Sciences Corporation

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