CA Inc Gets a Hold Rating from Mizuho Securities

By Ryan Adsit

Mizuho Securities analyst Abhey Lamba maintained a Hold rating on CA Inc (NASDAQ: CA) today and set a price target of $34. The company’s shares opened today at $31.43.

According to TipRanks.com, Lamba is a 4-star analyst with an average return of 8.9% and a 67.0% success rate. Lamba covers the Technology sector, focusing on stocks such as Black Knight Financial Services, CommVault Systems, and Microstrategy Inc.

CA Inc has an analyst consensus of Hold, with a price target consensus of $34.14.

Based on CA Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.01 billion and quarterly net profit of $155 million. In comparison, last year the company earned revenue of $999 million and had a net profit of $196 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CA, Inc. engages in the provision of information technology management software and solutions. It operates through the following segments: Enterprise Solutions, Mainframe Solutions and Services. The Enterprise Solutions segment includes products that are designed for distributed and cloud computing environments and run on industry standard servers.