Seeking Alpha

CA unloading data protection software unit

  • CA is selling its arcserve storage backup/restore software unit to P-E firm Marlin Equity Partners for an undisclosed sum.
  • The business has faced competition from EMC and Symantec, as well as share-gaining upstarts such as CommVault and Veeam. CA says the deal is part of its efforts to divest "non-core assets."
  • In an 8-K, CA says it now expects FY15 (ends March '15) EPS of $2.42-$2.49, down from a prior $2.45-$2.52 (consensus is at $2.50). But constant currency EPS guidance is unchanged.
  • More details on the sale will be given during CA's July 23 FQ1 report.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|