CA (CA) Releases Earnings Results, Beats Expectations By $0.02 EPS

CA (CA) reported quarterly earnings results on Wednesday, May-11-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.58. The company posted revenue of $1009.00 million in the period, compared to analysts expectations of $989.55 million. The company’s revenue was down -1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Upgraded by Credit Suisse on Apr 21, 2016 to ” Neutral”, Firm has raised the Price Target to $ 33 from a previous price target of $22.50 .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.

CA opened for trading at $29.91 and hit $30.18 on the upside on Tuesday, eventually ending the session at $30.15, with a gain of 1.14% or 0.34 points. The heightened volatility saw the trading volume jump to 23,89,850 shares. Company has a market cap of $12,565 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.


Leave a Reply

CA - Is it time to Sell?

Top Brokerage Firms are advising their investors on CA. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.