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InvestorGuide Stock Analysis

CA Reports Decrease in Profits, Buyback Program
Excerpt from the InvestorGuide.com Stock of the Day on 8/15/2006

Despite reporting a drop in first quarter profits of 64%, CA Inc. saw its shares rise 9% in trading Tuesday morning. CA, a manufacturer of business software that was formerly known as Computer Associates, reported adjusted earnings though that came in above analysts expectations. Their costs have been increasing more rapidly than their revenues though, and the company announced plans for layoffs to cut costs as well as buy back $2 billion worth of their stock. Will those plans be enough to please investors?

CA is still in the process of recovering from an accounting scandal that occurred during the quarter. Sanjay Kumar, CA's chief executive, and Stephen Richards, the company's former head of worldwide sales were involved in legal troubles involving securities fraud and obstruction of justice. To avoid criminal prosecution, there was a $225 million settlement with shareholders. In addition to that, in June the company reported having problems with prior stock options grants. More >

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Morningstar Analysis for CA

CA (CA) Upgrades

Date
Analyst
Old Rating
New Rating
10/30/2008
Jefferies & Co.
Hold
Buy
10/01/2008
Cowen & Co
Neutral
Outperform
09/16/2008
J.P. Morgan
Neutral
Overweight
02/01/2008
RBC Capital
Sector Perform
Outperform
12/07/2007
Goldman Sachs
Neutral
Buy
11/06/2007
Lehman Brothers
Underweight
Equal Weight

CA (CA) Downgrades

Date
Analyst
Old Rating
New Rating
09/02/2009
MKM Partners
Buy
Neutral
04/20/2009
Credit Suisse
Outperform
Neutral
03/17/2009
RBC Capital
Outperform
Sector Perform
06/05/2006
Goldman Sachs
Underperform
In-Line
05/16/2006
Lehman Brothers
Underweight
Equal Weight
04/18/2006
Credit Suisse
Underperform
Neutral

CA (CA) New Coverage

Date
Analyst
Rating
09/02/2008
UBS
Neutral
08/28/2008
Raymond James
Outperform
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CA Links

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Competitor Analysis

Microsoft
i2 Technologies
BMC Software
Symantec
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