Report
Andrew Lange
EUR 147.86 For Business Accounts Only

CA Provides Uninspiring Fiscal 2018 Outlook, Our View Remains Unchanged, Shares Close to Fair Value

CA’s third-quarter results were mostly in line with our expectations, although a slightly stronger-than-expected foreign exchange headwind negatively impacted the company’s reported top line. Much like the previous quarter, Services revenue was down notably as CA looks to develop products that are easier to install and manage, which has a subsequent negative effect on the level of services required for installation and management. Other notable moves in the quarter included CA’s acquisition of A...
Underlying
CA Inc.

CA is a provider of software solutions enabling customers to plan, develop, automate, manage and secure applications across mobile, cloud, distributed and mainframe platforms. The company has three operating segments: Enterprise Solutions, which includes products that are designed for mobile, cloud, and distributed computing environments and run on industry standard servers; Mainframe Solutions, which includes solutions for the IBM z Systems

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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