Tech Winners & Losers: CA
Tech stocks were down Friday, along with the major market indices as
rising oil prices and weak home-sales numbers.
Shares of
CA
(CA) - Get Report
were up $1.24, or 5.1%, to $25.41 after the company guided current fiscal year revenue and earnings
. 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) - Get Report
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) - Get Report
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) 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
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) - Get Report
, 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.