CA (CA) is Downgraded by Barclays to Equal Weight, Raises Price Target to $ 35

CA (CA) was Downgraded by Barclays to ” Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 . Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on Jul 15, 2016.

Many Wall Street Analysts have commented on CA. Mizuho Downgraded CA on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $34.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 .

On the company’s financial health, CA reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.58. The company had revenue of $1009.00 million for the quarter, 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.

CA closed down -0.06 points or -0.18% at $34.17 with 27,17,895 shares getting traded on Friday. Post opening the session at $34.25, the shares hit an intraday low of $34.04 and an intraday high of $34.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 13, 2016, Lauren Patricia Flaherty (EVP, Chief Marketing Officer) sold 182,550 shares at $32.76 per share price. According to the SEC, on Jun 6, 2016, Adam Elster (EVP & GRP EXEC, WW SALES & SER) sold 125,513 shares at $32.45 per share price. On Jun 1, 2016, Jacob Lamm (EVP, STRATEGY & CORPORATE DEV) sold 98,401 shares at $32.04 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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