Somewhat Positive News Coverage Somewhat Unlikely to Impact CA (CA) Stock Price

Media stories about CA (NASDAQ:CA) have been trending somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CA earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.4972362225834 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

CA has been the subject of a number of analyst reports. FIG Partners upgraded CA to an “outperform” rating and upped their price target for the stock from $40.00 to $42.25 in a report on Wednesday, May 3rd. Jefferies Group LLC restated a “buy” rating and issued a $38.00 price target on shares of CA in a report on Sunday, May 14th. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of CA in a report on Friday, May 12th. Finally, Raymond James Financial, Inc. upgraded CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $35.10.

CA (NASDAQ CA) traded up 0.75% during midday trading on Tuesday, hitting $34.99. The company had a trading volume of 1,385,347 shares. CA has a one year low of $30.01 and a one year high of $36.54. The company has a market cap of $14.62 billion, a P/E ratio of 18.91 and a beta of 0.87. The company’s 50 day moving average is $33.64 and its 200-day moving average is $32.49.

CA (NASDAQ:CA) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same quarter last year, the firm earned $0.60 EPS. CA’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts predict that CA will post $2.38 EPS for the current year.

In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was 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 approximately $6,000,367.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by insiders.

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CA Company Profile

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.

Insider Buying and Selling by Quarter for CA (NASDAQ:CA)

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