Somewhat Positive Press Coverage Somewhat Unlikely to Affect CA (CA) Share Price
News stories about CA (NASDAQ:CA) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern’s analysis:
- CA, Inc. (CA) registers a price change of -0.64% while Lam Research Corporation (LRCX) finishes with a flow of -0.77% – Stocks Gallery (stocksgallery.com)
- You Found It! Cash Advance Inc Hayward Ca (insideiwm.com)
- Guidewire Software : California Casualty Extends Selection of Guidewire Systems to Better Adapt and Succeed (4-traders.com)
- Vail Resorts, Inc.: Time to Take Profits or Let Them Ride? (fool.ca)
- California Inc.: Fed expected to signal likelihood of September rate hike (latimes.com)
Several research firms have weighed in on CA. Piper Jaffray Companies increased their price objective on CA from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 target price on shares of CA in a research report on Thursday, June 1st. Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.10.
CA (NASDAQ CA) traded up 0.90% during trading on Monday, reaching $34.73. The company had a trading volume of 2,637,893 shares. CA has a 52 week low of $30.01 and a 52 week high of $36.54. The firm has a market capitalization of $14.51 billion, a P/E ratio of 18.77 and a beta of 0.87. The stock has a 50 day moving average price of $33.50 and a 200 day moving average price of $32.46.
CA (NASDAQ:CA) last released its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. CA had a net margin of 19.20% and a return on equity of 17.15%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Analysts predict that CA will post $2.38 earnings per share for the current year.
In other CA news, insider Ayman Sayed sold 30,194 shares of the company’s 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 sale, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.
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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