Computer Sciences Corporation (CSC) is Initiated by Pacific Crest to “Sector Weight”

Computer Sciences Corporation (CSC) was Initiated by Pacific Crest to “Sector Weight”. Pacific Crest advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Computer Sciences Corporation was Initiated by Pacific Crest to “Sector Weight” on Mar 3, 2017. Computer Sciences Corporation was Initiated by Pacific Crest to “Sector Weight” on Mar 3, 2017. Company shares were Reiterated by Stifel on Jan 26, 2017 to “Hold”, Firm has raised the Price Target to $ 66 from a previous price target of $57 .

On the company’s financial health, Computer Sciences Corporation reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 2, 2017. Analyst had a consensus of $0.71. The company had revenue of $1917.00 million for the quarter, compared to analysts expectations of $1893.14 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Several company insiders have filed Insider transactions , on Feb 24, 2017, John M Lawrie (Chairman, President and CEO) sold 4,874 shares at $69.67 per share price. According to the SEC, on Dec 5, 2016, Paul N Saleh (Exec Vice President and CFO) sold 5,000 shares at $60.78 per share price. On Jun 22, 2016, James R Smith (Exec VP & GM GBS) sold 33,751 shares at $51.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Computer Sciences Corporation closed down -0.54 points or -0.78% at $68.56 with 13,19,365 shares getting traded on Monday. Post opening the session at $69.16, the shares hit an intraday low of $67.41 and an intraday high of $69.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS) which is a provider of various technology solutions including consulting applications services and software; Global Infrastructure Services (GIS) which provides solutions such as managed and virtual desktop solutions and data center management and North American Public Sector (NPS) which delivers IT mission and operations-related services. Its subsidiary ServiceMesh Inc. (ServiceMesh) is a provider of enterprise cloud management software. ServiceMesh also provides various other services such as tiered services levels different levels of security self-service options governance policy and real time monitoring. CSC’s subsidiary Fruition Partners provides technology-enabled solutions for the service-management sector and provides support for ServiceNow-related software

Computer Sciences Corporation

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