CA (CA) Earning Somewhat Positive News Coverage, Accern Reports
News coverage about CA (NASDAQ:CA) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CA earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.9658222621598 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- SUMMIT Software Inc. (hotfrog.com)
- Mile High Marine Storage & Service, Inc (hotfrog.com)
- Johnson Fistel, LLP Files Class Action Suit against J.Jill, Inc.; Shareholders Encouraged to Contact Firm (bizjournals.com)
- New law puts California on path to offering first year free at community colleges – Los Angeles Times (latimes.com)
- Sheet Metal Mechanic job at Airborne Technologies Inc in Camarillo CA (avjobs.com)
A number of equities analysts have recently weighed in on CA shares. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 target price (up from $35.00) on shares of CA in a research report on Thursday, August 3rd. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research report on Tuesday, July 11th. ValuEngine raised CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $38.00 price target on shares of CA in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.88.
CA (CA) opened at 33.88 on Monday. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The company has a market cap of $14.27 billion, a P/E ratio of 18.82 and a beta of 0.83. The firm has a 50-day moving average price of $33.25 and a 200-day moving average price of $32.77.
CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that CA will post $2.46 EPS for the current fiscal year.
In related news, insider Adam Elster sold 166,621 shares of CA stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the sale, the insider now directly owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. Insiders sold 286,056 shares of company stock valued at $9,330,507 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.
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CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.
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