NEW YORK (

TheStreet

) -- Shares of

CA

(Nasdaq:

CA

) were gapping up Wednesday morning with an open price 14% higher than Tuesday's closing price. The stock closed at $22.82 Tuesday and opened today's trading at $26.01.

The average volume for CA has been 3.2 million shares per day over the past 30 days. CA has a market cap of $11.07 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 12.9% year to date as of the close of trading on Tuesday.

CA Technologies, together with its subsidiaries, designs, develops, markets, delivers, licenses, and supports information technology (IT) management software products that operate on a range of hardware platforms and operating systems. The company has a P/E ratio of 13.4, above the average computer software & services industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CA as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full

CA Ratings Report

.

Get more investment ideas from our

investment research center

.

Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting

UP

to 95370 or select from

multiple alert options

.

null