CA (CA) Earns Coverage Optimism Score of 0.19
Media coverage about CA (NASDAQ:CA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CA earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- Exelixis, Inc. (NASDAQ:EXEL) Stake Reduced by California Public Employees Retirement System (nolopodrasdejardever.com)
- Medical Marijuana, Inc. Subsidiary Kannaway® Announces Exclusive – KAIT Jonesboro, AR – Region 8 News, weather, sports (kait8.com)
- Casablanca casino utah – Casino inc parche espaã±ol (channelbuzz.ca)
- Medical Marijuana, Inc. Subsidiary Kannaway® Announces Exclusive Red Carpet Event in Orange County, CA (prnewswire.com)
- CA Inc. (NASDAQ:CA) Traded 5.9% Above Its 50 Day Average (highlightpress.com)
A number of brokerages recently weighed in on CA. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Citigroup Inc. lifted their target price on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $28.00 target price on shares of CA in a report on Wednesday, June 28th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a report on Tuesday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.02.
Shares of CA (NASDAQ CA) traded up 0.12% during mid-day trading on Friday, hitting $34.48. The stock had a trading volume of 1,277,735 shares. CA has a one year low of $30.01 and a one year high of $36.54. The firm’s 50 day moving average price is $32.41 and its 200-day moving average price is $32.25. The company has a market cap of $14.41 billion, a PE ratio of 18.64 and a beta of 0.87.
CA (NASDAQ:CA) last released its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $996.59 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that CA will post $2.38 earnings per share for the current fiscal year.
In related news, insider Ayman Sayed sold 30,194 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the sale, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company 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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