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Tech Winners & Losers: CA

Priya Ganapati

Tech stocks were down Friday, along with the major market indices as investors grappled with rising oil prices and weak home-sales numbers.

Shares of CA(CA Quote - Cramer on CA - Stock Picks) were up $1.24, or 5.1%, to $25.41 after the company guided current fiscal year revenue and earnings above Street expectations. However, fourth-quarter EPS came in below analysts' estimates. CA posted an 18% increase in revenue to $1.09 billion for the quarter. Net income was $71 million and EPS, excluding items, was 22 cents. Analysts were expecting revenue of $1.09 billion and EPS of 28 cents.

Apple(AAPL Quote - Cramer on AAPL - Stock Picks) added $2.82, or 1.6%, to $179.97 after an analyst at Merill Lynch raised his price target on the stock to $215 from $186 on increased confidence in Apple's ability to get a bigger market share in the smartphone market. A Goldman Sachs analyst also added Apple on Thursday to its America's Conviction Buy list and raised his price target on the stock to $220 from $185.

Dell(DELL Quote - Cramer on DELL - Stock Picks) gained 29 cents, or 1.3%, to $21.17 after an analyst at Morgan Stanley upgraded the stock to overweight from equal weight and set a price target of $28. A shift to lower-priced systems in the server market could benefit the company, said the analyst.

Sun Microsystems(JAVA Quote - Cramer on JAVA - Stock Picks) lost 41 cents, or 3.2%, to $12.73 after an analyst at Morgan Stanley cut rating on the stock to underweight. Sun's market share in the server business is at risk since demand declines, said the analyst. Separately, a Standard & Poor's equity research analyst also cut his rating to sell from buy, based on the belief that competition in the server markets will intensify over the next 12 months, said Reuters.

ASML Holding(ASML Quote - Cramer on ASML - Stock Picks), which makes and services semiconductor processing equipment, was down 82 cents, or 2.8%, to $28.91. An analyst at UBS downgraded the stock to neutral from buy. Incoming orders for ASML are likely to remain concentrated within less than a handful of customers for the customers and could be tracking below expectations, said the analyst in a note.