Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
CA Technologies reported its first-quarter results but decided not to host a conference call because of its pending acquisition by Broadcom. We do not anticipate any regulatory hurdles, given the lack of synergies between the two firms, though it would not surprise us if the current geopolitical climate and trade tensions between the U.S. and China delayed the closing. Still, we are adjusting our CA fair value estimate to $44.50 to reflect our conviction that the deal will close at Broadcom’s ...
CA’s pervasive presence in mainframe infrastructure software provides it with a dependable and sizable source of cash flow. Nevertheless, we believe the firm faces secular growth headwinds in the mainframe market, owing to the legacy nature of the platform. We think the firm will have to direct its cash proceeds from the mainframe business toward higher-growth opportunities in the distributed computing environment if it wants to remain a leading provider of IT operations management software ov...
On July 11, Broadcom announced it will acquire CA Technologies for $44.50 per share in cash, or $18.9 billion. Four months after the firm's failed attempt to acquire Qualcomm, Broadcom is back in the M&A mix, though this deal doesn't have any clear synergies, in our view. CA is a key vendor of IT management software and solutions for mainframe infrastructure and enterprises. The deal has all the signs of a typical Broadcom deal, including: a modest premium (20% over closing price on July 11)...
CA Technologies reported its first-quarter results but decided not to host a conference call because of its pending acquisition by Broadcom. We do not anticipate any regulatory hurdles, given the lack of synergies between the two firms, though it would not surprise us if the current geopolitical climate and trade tensions between the U.S. and China delayed the closing. Still, we are adjusting our CA fair value estimate to $44.50 to reflect our conviction that the deal will close at Broadcom’s ...
On July 11, Broadcom announced it will acquire CA Technologies for $44.50 per share in cash, or $18.9 billion. Four months after the firm's failed attempt to acquire Qualcomm, Broadcom is back in the M&A mix, though this deal doesn't have any clear synergies, in our view. CA is a key vendor of IT management software and solutions for mainframe infrastructure and enterprises. The deal has all the signs of a typical Broadcom deal, including: a modest premium (20% over closing price on July 11)...
CA’s fourth-quarter and full-year results were in line with our expectations with the company continuing to navigate its way toward higher growth opportunities associated with the application economy. Notably, management announced a fiscal 2019 restructuring plan that is expected to focus the company on its strategic priorities as it looks to shift more of its business to a subscription-based model. The restructuring, which is expected to be complete by the end of fiscal 2019, will see the ter...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) today reported financial results for its fourth quarter and full fiscal year 2018, which ended March 31, 2018. Mike Gregoire, CA Technologies Chief Executive Officer, said: "I'm pleased that CA delivered our second consecutive year of total revenue growth and achieved our guidance for the year. Our portfolio of solutions is more relevant today than ever before, as we enable customers to deliver rich, secure user experiences augmented by data and analytics. ...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ: CA) today announced that its Board of Directors has declared a regular, quarterly cash dividend of $0.255 per share of common stock. The dividend will be paid on June 5, 2018 to stockholders of record at the close of business on May 17, 2018. About CA Technologies CA Technologies (NASDAQ:CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in e...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) today announced that it has been named a Leader in Gartner’s 2018 Magic Quadrant for Full Life Cycle API Management* for the 6th consecutive time.** The report evaluated CA Technologies for its ability to execute and completeness of vision, which included evaluation of the company’s CA API Management portfolio. “Every successful business leverages an agile architecture built on APIs and Microservices to build better apps faster,” said Rahim Bhatia, general ...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) today announced the support and enablement of Emirates NBD’s successful initiative to boost customers’ e-commerce activity – and fuel industry growth – by using CA Payment Security Suite. Emirates NBD, a leading bank in the United Arab Emirates (UAE), has greatly reduced fraud, increased the speed of purchases, improved the customer experience and consistently grown its cardholder base year-over-year, which has contributed to the growth of the region’s online economy. ...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) has been positioned by Gartner, Inc., in the Leaders quadrant of the 2018 Gartner Magic Quadrant for Enterprise Agile Planning Tools.* CA Technologies offers CA Agile Central, an enterprise-class platform purpose-built for scaling agile development practices for and across teams that includes Team Board, Capacity Planning and Release Tracking. “To thrive as a modern software factory, today’s companies must focus on providing customer value faster than the...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) today announced that it has been named a “Value Leader” by Enterprise Management Associates (EMA) in its Enterprise Hybrid Infrastructure Monitoring (EHIM) Radar Report. For the report, EMA scored solutions based on their ability to discover and monitor servers, networks, hypervisors, containers, storage systems and public cloud services. CA Unified Infrastructure Management (CA UIM), a comprehensive cloud and hybrid IT monitoring solution evaluated for the report...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) kicks off its 12th annual CA Together in Action initiative, which runs the week of April 23-27, with employee volunteer projects scheduled to take place around the world. From land, beach and public space cleanup and preservation, to feeding the hungry, environmental education and restoration projects, packing and shipping books to school children in Africa – and supporting the advancement of STEM (science, technology, engineering and math) learning for young people – CA...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) today announced that it will host a conference call and webcast at 5:00 p.m. ET on Tuesday, May 8, 2018, to discuss its fourth quarter and full fiscal year 2018 financial results. The webcast will contain forward-looking statements and other material information. What: Conference call and webcast of fourth quarter and full fiscal year 2018 results When: Tuesday, May 8, 2018 at 5 p.m. ET Webcast URL: The webcast of the earnings call, corresponding...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) today announced that it has joined the Executive Board of the InterNational Committee for Information Technology Standards (INCITS). Founded in 1961, INCITS is the guiding force for global and U.S. information and communications technology standards. “We’re excited to have CA Technologies join the INCITS Executive Board and support our mission to promote the effective use of Information and Communication Technology through standardization. Our goal is to achieve t...
NEW YORK--(BUSINESS WIRE)-- CA Technologies (NASDAQ:CA) today announced that CA Privileged Access Manager (PAM), a comprehensive solution delivering both network- and host-based controls for the enterprise and hybrid cloud, has been certified as part of the SailPoint Identity+ Alliance program to seamlessly integrate with SailPoint IdentityIQ. When combined via this certified integration, the offering delivers a comprehensive privileged identity governance solution to the enterprise. Evolving regulations and security g...
NEW YORK--(BUSINESS WIRE)-- Gartner, Inc. has named CA Technologies (NASDAQ:CA) a Leader in the Gartner Magic Quadrant for Application Performance Monitoring Suites *. CA Technologies offers CA Digital Experience Insights, a monitoring and AIOps platform that includes integrated services for application performance management, and user experience and infrastructure monitoring. “We believe the recognition is validation of our strong vision and delivery of a full-stack AIOps solution that addresses the need of eve...
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