JP Morgan Reports CA F1Q Results

JP Morgan has issued a report regarding the F1Q results reported by CA Technologies CA. According to the report, "CA reported non-GAAP EPS of $0.55 on revenue of $1.163B, versus consensus of $0.51 and $1.143B, and our $0.50 and $1.141B, respectively. Bookings of $865M grew 18% (11% cc) from a year ago and operating cash flow of $143M was up 22% yoy, about in line with our estimate, but likely below consensus." CA has an Overweight Rating and a $30 Price Target. CA closed yesterday at $22.35 a share.