CA, Inc. (CA): Shares defining bullish ‘Cup & Handle’ formation
Posted by: in Stocks Money NewsFiled under: Earnings reports, Google (GOOG), Microsoft (MSFT), International Business Machines (IBM), CA Inc (CA), Technical Analysis, Stocks to Buy
CA, Inc. (NYSE: CA) provides
information technology (IT) management software. Its programs manage network databases, applications, storage functions and security options, operating across distributed computing environments. The firm also provides technical support and consulting services. CA has strategic relationships with Google (NASDAQ: GOOG), IBM (NYSE: IBM), Microsoft (NASDAQ: MSFT) and other IT market leaders. It is one of the world’s largest software companies.
CA surprised the Street late last month, with fiscal Q3 EPS of 36 cents and revenues of $1.1 billion. Analysts had been expecting 25 cents and $1.04 billion. Management also guided FY08 EPS to $1.22-$1.26 ($1.09 consensus) and FY08 revenues to $4.25-$4.28 billion ($4.19B consensus).
Continue reading CA, Inc. (CA): Shares defining bullish ‘Cup & Handle’ formation
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