Stock chart, grey translucent calculator and blue pen.

CA, Inc. (NASDAQ:CA) on July 27, 2016 reported financial results for its first quarter fiscal 2017, which ended June 30, 2016.

Organizational Update

CA Technologies has agreed with Richard Beckert, Chief Financial Officer, that it is the appropriate time to transition the role, and he retired as CFO from CA Technologies effective July 26. Beckert joined CA in 2006 during a pivotal time in the Company’s history, and he played an important role in our ongoing transformation.

Kieran J. McGrath, Corporate Controller, has been named interim Chief Financial Officer, reporting to CEO Mike Gregoire. McGrath, who has been with CA since 2014 as corporate controller, was previously the Finance lead of IBM’s $25B Global Software Business and brings a wealth of financial, operational and transformational management experience. McGrath will lead CA’s Finance organization while the Company undertakes the process of identifying a new CFO.

  • Total revenue increased as a result of an increase in software fees and other revenue, partially offset by a decrease in subscription and maintenance revenue. The fiscal 2016 acquisitions of Rally Software Development Corp. (Rally) and Xceedium, Inc. (Xceedium) contributed approximately 4 points of revenue growth for the quarter.
  • Total bookings grew primarily due to the replacement and extension of a large system integrator transaction that was scheduled to expire in fiscal 2018, as well as an increase in mainframe solutions renewals that were not associated with this transaction. The large system integrator transaction provides an incremental contract value in excess of $475 million, extends the term of the replaced agreement for an additional five years and was a strong contributor to renewals and new product sales in the quarter.
  • The Company executed a total of 14 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $910 million including the aforementioned large system integrator transaction. During the first quarter of fiscal 2016, the Company executed a total of 6 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $214 million.

Shares of CA, Inc. (NASDAQ:CA) fell -0.37% to reach at $34.55 during the course of session. The company has experienced volume of 4.14M shares while on average the company has a capacity of trading 2.33M shares. The stock holds the market capitalization of $14.59B along with 420.36M outstanding shares. The stock traded in the price range of $34.43 – $34.72 for the last trading session. For the stock price target value has been calculated at $32.00 based on calls of 10 experts. Stock’s minimum price target estimates has been figured out at $27.00 while the maximum price target forecast is established at $36.00.

As of current trade, CA, Inc. (NASDAQ:CA) has shown weekly upbeat performance of 0.82%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 22.93%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 23.09%. Shares of CA, Inc. (NASDAQ:CA) currently have an ABR of 3.22, derived from a total of 9 opinions. The company’s price sits 5.26% above from its 50-day moving average of $33.34 and 17.25% above from the stock’s 200-day moving average of $30.65. The company has Relative Strength Index (RSI 14) of 65.04 along with Average True Range (ATR 14) of 0.43. Its weekly and monthly volatility is 0.96%, 1.23% respectively. The company’s beta value is at 1.04.

CA, Inc. (NASDAQ:CA)’s price to sales ratio for trailing twelve months is 3.57 and price to book ratio for most recent quarter is 2.64, whereas price to cash per share for the most recent quarter is 5.12. CA, Inc. (NASDAQ:CA)’s price to free cash flow for trailing twelve months is 26.39. Its quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.20. Total debt to equity ratio of the company for most recent quarter is 0.36 whereas long term debt to equity ratio for most recent quarter is 0.36. CA, Inc. (NASDAQ:CA) has a Return on Assets of 7.10%. The company currently has a Return on Equity of 14.10% and Return on Investment of 11.20%.