) recently announced the launch of CA Nimsoft Monitor Snap, a
feature-rich free utility version of its popular CA Nimsoft
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Network accessibility is always vital for continuity of business
operations. The launch of CA Nimsoft Monitor Snap will help CA to
meet growing business needs with improved flexibility and
CA Nimsoft Monitor Snap is a powerful tool that caters to the
need of emerging IT enterprises with affordable and quick
services. The new offering features dashboards, alerts and guided
workflows, which in turn help to identify and resolve critical
issues. Additionally, CA Nimsoft Monitor Snap has been fairly
well received by IT organizations.
The spending environment remains cautious however, so any success
with the new product will be tempered by broader macro concerns.
According to the latest report from Gartner, worldwide IT
spending is expected to increase 0.8% and reach $3.7 trillion in
2013 and increase 3.6% to reach $4.3 trillion by 2017.
Prior to this, CA extended its IAM suite with the launch of
XSpectra, which combines CA CloudMinder and Mycroft's security
operations expertise. XSpectra services enable single sign-on,
identity management & risk-based authentication along with
providing IAM functionality at lower costs.
CA Inc.'s cloud expansion and restructuring initiatives remain on
track. A decent renewal rate, modest cash position and share
repurchase activities also appear encouraging. This apart,
bookings growth remains robust, supported by both North American
and International bookings. The company is also witnessing an
increase in license wins.
However, increasing competition from companies like
) and exposure to Europe remain concerns.
CA currently has a Zacks Rank #3 (Hold). Investors can also
consider other stocks in the technology industry that are
currently performing well such as
Micron Technology Inc.
), with a Zacks Rank #1 (Strong Buy).