Should You Buy It?: CA
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CA(CA Quote) is a beaten-up enterprise software producer that is starting to garner the attention of Wall Street.
The company was upgraded to outperform on Wednesday by the brokerage Cowen & Co. According to the analyst, at Wednesday's closing price of $20.12, the shares are merely valued at CA's order book of recurring contract revenue.
This follows a similar upgrade at JPMorgan in mid-September, again citing the approximately 70% of the company's total revenue that is generated by recurring software subscriptions and maintenance. Still, despite the recent upbeat sentiment from Wall Street, only seven of the 14 analysts who follow CA rate the stock a buy, while the other seven have neutral ratings. ...
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