Why CA Inc. (CA) Stock Is Lower Today

NEW YORK (TheStreet) -- CA Inc. (CA) stock is dropping Thursday after guiding for lower-than-expected earnings over fiscal 2015 and weak bookings over its recent fourth quarter. By late morning, shares had tumbled 3.7% to $28.95. 

For the full year ending March 2015, management expects net income between $2.45 and $2.52 a share, lower than estimates of $2.56 according to analysts surveyed by Thomson Reuters

Meanwhile, over its fourth quarter ended March this year, bookings fell 15% to $1.24 billion, dragged on by a 21% drop in North American sales. 

Must Read: Warren Buffett's 10 Favorite Growth Stocks

TheStreet Ratings team rates CA INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CA INC (CA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, increase in stock price during the past year, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

What Apple's Cash Repatriation Means for Microsoft's Investors

What Apple's Cash Repatriation Means for Microsoft's Investors

CA Stock Sliding as BMC Software Merger Talks End

CA Stock Sliding as BMC Software Merger Talks End

CA Inc. Stock Surging on Potential BMC Software Deal

CA Inc. Stock Surging on Potential BMC Software Deal

Intermediate Trade: CA

Intermediate Trade: CA

Asset Sales and Restructuring in the Cards at NRG Energy After Elliott Deal

Asset Sales and Restructuring in the Cards at NRG Energy After Elliott Deal