Mizuho Securities Downgrades CA to Neutral

Brokerage firm Mizuho Securities Downgrades its rating on CA(NASDAQ:CA). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Mizuho Securities was issued on Jul 14, 2016.

In a different note, On May 12, 2016, Citigroup said it Maintains its rating on CA. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 21, 2016, Credit Suisse said it Upgrades its rating on CA. In the research note, the firm Raises the price-target to $22.50 per share. The shares have been rated ‘Neutral’ by the firm.

CA (CA) made into the market gainers list on Mondays trading session with the shares advancing 0.03% or 0.01 points. Due to strong positive momentum, the stock ended at $34.18, which is also near the day’s high of $34.31. The stock began the session at $34.1 and the volume stood at 24,42,836 shares. The 52-week high of the shares is $34.47 and the 52 week low is $25.1562. The company has a current market capitalization of $14,245 M and it has 41,67,72,950 shares in outstanding.

CA(CA) last announced its earnings results on May 11, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.01B. Analysts had an estimated revenue of $989.52M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Lauren Patricia Flaherty (EVP, Chief Marketing Officer) sold 182,550 shares at $32.76 per share price.Also, On Jun 6, 2016, Adam Elster (EVP & GRP EXEC, WW SALES & SER) sold 125,513 shares at $32.45 per share price.On Jun 1, 2016, Jacob Lamm (EVP, STRATEGY & CORPORATE DEV) sold 98,401 shares at $32.04 per share price, according to the Form-4 filing with the securities and exchange commission.

CA Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products including DevOps which allows customers to unite application development and IT operations; Management Cloud which includes the Company’s IT Business Management (ITBM) solutions API Management solutions and Enterprise Mobility Management solutions and Security which consists of identity and access management. The Services segment consists of product implementation consulting customer education and customer training.

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