CA Technologies (CA) to Acquire Veracode for $614M

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Jefferies Remains Bullish on CA Technologies (CA) Following Announced Veracode Acquisition

March 7, 2017 7:03 AM EST

Jefferies reiterated a Buy rating and $38.00 price target on CA Technologies (NASDAQ: CA) following the company's announced acquisition of Veracode. CA is paying $614 million net of cash.

Analyst John DiFucci commented, "CA announced the acquisition of privately held Veracode for $614M in cash. Veracode provides... More