Will This Estimate Decrease Hurt CA Technologies (CA) Stock Today?

Story updated at 10 a.m. to reflect market activity.

NEW YORK (TheStreet) -- Barclays (BCS) lowered its 2015 and 2015 EPS estimates for CA Technologies (CA) Tuesday.

CA Technologies fell -2% to $28.81 in morning trading.

The firm reiterated its "equal weight" rating and $36 price target for the company. Analysts Raimo Lenschow and Saket Klia cite CA Technologies' agreement with Marlin Equity Partners to divest its arcserve data protection business for an undisclosed sum.

"The divestiture should not come as a surprise given that the company completed a similar transaction with Embarcadero Technologies for its data modeling business last quarter," the analysts wrote. "We also note that management has repeatedly stated over the past year that CA needs to trim its product portfolio to better focus on more strategic business units like IT Business Management, DevOps and Security."

Must read: Warren Buffett's 25 Favorite Stocks

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

------------

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

"We rate CA INC (CA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

CA Stock Sliding as BMC Software Merger Talks End

CA Inc. Stock Surging on Potential BMC Software Deal

Intermediate Trade: CA

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

Cisco Just Added a Huge Piece to Its Software-Driven Transformation Strategy