The New York-based enterprise information technology management software and solutions company can adapt and thrive, analysts said.
"We believe CA provides relative cash flow sustainability in uncertain times, as well as an opportunity for growth as the company's renewed strategy and focus on development takes hold. The recurring nature of highly profitable maintenance revenue, particularly from mainframe software, also enables CA to continue returning capital to shareholders while simultaneously investing in the business," analysts added.
Shares of CA closed up 0.27% at $30.10 yesterday.
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 increase in net income, attractive valuation levels, expanding profit margins, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."