CA Inc stock is set to bounce – Barron’s

NEW YORK, Oct 24 (BestGrowthStock) – Stock in CA Inc (CA.O: ), the
technology services company, is set set to bounce as it
experiences a growth spurt, according to financial weekly
Barron’s.

An upbeat response to CA’s earnings report last week hinted
that CA was getting some traction in its efforts to exploit its
leadership in mainframe, security and identity software to
boost its growth in faster growing parts of corporate IT,
Barron’s said in it Oct. 25 edition.

CA is currently trading at less than 12 times expected
fiscal 2011 earnings, a 20 percent discount to broader software
sector and to peer BMC Software (BMC.O: ).

As the company’s growth initiatives become clearer, the
shares “most likely will be revalued and trade back up into the
high-$20s at least,” Barron’s said.
(Reporting by Yinka Adegoke, Editing by Maureen Bavdek)

CA Inc stock is set to bounce – Barron’s