Computer Sciences Corporation (CSC) is Upgraded by Citigroup to Buy

Computer Sciences Corporation (CSC) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Oct 13, 2016.

On the company’s financial health, Computer Sciences Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.45. The company had revenue of $1930.00 million for the quarter, 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.

Computer Sciences Corporation closed down -0.58 points or -1.14% at $50.5 with 12,39,955 shares getting traded on Tuesday. Post opening the session at $51.15, the shares hit an intraday low of $50.48 and an intraday high of $51.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 5, 2016, Paul N Saleh (Exec Vice President and CFO) sold 10,000 shares at $51.93 per share price. According to the SEC, on Aug 11, 2016, John M Lawrie (Chairman, President and CEO) sold 6,500 shares at $46.61 per share price. On Jun 22, 2016, James R Smith (Exec VP & GM GBS) sold 33,751 shares at $51.20 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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