Computer Sciences (CSC) Tops Q4 EPS by 5c; Guides FY17 EPS
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Raymond James Downgrades Computer Sciences (CSC) to Market Perform
May 25, 2016 7:38 AM EDTRaymond James downgraded Computer Sciences (NYSE: CSC) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.
Shares of Computer Sciences closed at $35.65 yesterday.
... MoreBarclays Upgrades Computer Sciences (CSC) to Overweight
May 25, 2016 6:38 AM EDTBarclays upgraded Computer Sciences (NYSE: CSC) from Equalweight to Overweight with a price target of $54.00.
For an analyst ratings summary and ratings history on Computer Sciences click here. For more ratings news on Computer Sciences click here.
Shares of Computer Sciences closed at $35.65 yesterday.
... MoreHP Enterprise to merge IT services unit with Computer Sciences
May 24, 2016 4:26 PM EDT(Reuters) - Hewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp, allowing the company to focus on its cloud services business and other fast-growing units.
Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally split in November, rose 10.5 percent in extended trading on Tuesday.
Falls Church, Virginia-based Computer Sciences' shares jumped 19.5 percent to $42.60.
Under Chief Executive Meg Whitman, Hewlett Packard Enterprise has been restructuring its IT consulting and services group.
The company sold at least 84 percent of its 60.5... More
Hewlett Packard Enterprise (HPE) to Spin, Merge Enterprise Services Business with CSC (CSC)
May 24, 2016 4:06 PM EDTHewlett Packard Enterprise (NYSE: HPE)
Transaction will deliver HPE shareholders approximately $8.5 billion in expected after-tax value in stock-for-stock exchange;Merger of two businesses expected to produce first-year cost synergies of approximately $1 billion post-close, with run rate of $1.5 billion by end of year one;HPE shareholders will own approximately 50 percent of new combined company;Agreements between HPE and the new company will maintain focus on serving current customers and growing new business opportunities over time;Mike Lawrie to become chairman, president and CEO of new... More
