CA Reaches New 52-Week High (CA)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- CA (Nasdaq: CA) hit a new 52-week high Thursday as it is currently trading at $27.99, above its previous 52-week high of $27.96 with 5.2 million shares traded as of 4 p.m. ET. Average volume has been 3.4 million shares over the past 30 days.

CA has a market cap of $12.51 billion and is part of the technology sector and computer software & services industry. Shares are up 25.6% year to date as of the close of trading on Wednesday.

CA Technologies, together with its subsidiaries, provides enterprise information technology (IT) management software and solutions that help customers manage and secure IT environments in the United States and internationally. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates CA as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, growth in earnings per share and increase in net income. 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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