Computer Sciences Corporation (CSC) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.45. The company posted revenue of $1930.00 million in the period, compared to analysts expectations of $1905.26 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.
Many Wall Street Analysts have commented on Computer Sciences Corporation. Computer Sciences Corporation was Downgraded by Raymond James to ” Mkt Perform” on May 25, 2016. Company shares were Upgraded by Barclays on May 25, 2016 to ” Overweight”, Firm has raised the Price Target to $ 54 from a previous price target of $35 .
Computer Sciences Corporation opened for trading at $48 and hit $48.77 on the upside on Friday, eventually ending the session at $48.52, with a gain of 1.10% or 0.53 points. The heightened volatility saw the trading volume jump to 7,73,920 shares. Company has a market cap of $6,721 M.
In a different news, on Jul 27, 2016, John M Lawrie (Chairman, President and CEO) sold 6,400 shares at $47.95 per share price. According to the SEC, on Jun 22, 2016, James R Smith (Exec VP & GM GBS) sold 33,751 shares at $51.20 per share price. On Jun 21, 2016, William L Jr Deckelman (Exec VP and General Counsel) sold 17,751 shares at $51.01 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