CA Tech Gains By Selling Storage-Software Unit: Analyst

By | July 8, 2014

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CA Technologies will gain over the long term by selling its storage-software business. That’s the conclusion from Gregg Moskowitz, an analyst for Cowen, in a research report Tuesday, a day after the IT software and services company said that it had sold its Arcserve storage-software unit to Marlin Equity Partners, a private equity firm, for an undisclosed sum. Still, CA Technologies (CA) stock was down nearly 2.5% in midday trading in the stock Scalper1 News

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