) in collaboration with Mycroft Inc. recently announced the
launch of XSpectra, which combines CA CloudMinder, an Identity
and Access Management (IAM) solution, and Mycroft's security
It has become necessary for small and mid-sized enterprises to
secure access to critical data. However, implementing the
traditional identity and access management systems can
significantly increase costs. XSpectra takes care of all these
issues and provides the same IAM functionality at lower costs.
Mycroft XSpectra services provide single sign-on, identity
management & risk-based authentication for cloud-based or
on-premise applications. It also offers three support level
packages to meet the budgets and needs of customers.
Prior to this, CA acquired Layer 7, which provides leading
security and management technology to the API marketplace. This
is likely to help CA expand in a new market and increase its
CA reported revenues of $1.13 billion in 1Q14, down 1.5% from
$1.15 billion in the year-ago quarter. When adjusted for
currency, revenues declined 1.0% year over year. The company's
Mainframe revenues and Enterprise Solutions revenues declined
1.4% and 11.0%, respectively. However, Services revenues grew
CA Inc's increased cloud exposure and its restructuring
initiatives remain on track. Decent renewal rate, modest cash
position and share repurchase 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
). While SanDisk Corp holds a Zacks Rank #1 (Strong Buy), Vocus
Inc. has a Zacks Rank #2 (Buy).
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