CA Reaches New 52-Week High (CA)

NEW YORK ( TheStreet) -- CA (Nasdaq: CA) hit a new 52-week high Tuesday as it is currently trading at $27.43, above its previous 52-week high of $27.42 with 159,451 shares traded as of 9:50 a.m. ET. Average volume has been 3.2 million shares over the past 30 days.

CA has a market cap of $11.26 billion and is part of the technology sector and computer software & services industry. Shares are up 33.6% year to date as of the close of trading on Monday.

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 14.8, above the average computer software & services industry P/E ratio of 13.4 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, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full CA Ratings Report.

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