CA Stock Gaps Up On Today's Open (CA)

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.

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