Computer Sciences Corporation

J.P. Morgan is maintaining its Neutral rating on Computer Sciences Corp. (NYSE: CSC) in light of the company's submission of its FY11 Form 10-K last evening. According to J.P. Morgan, “Last evening, CSC filed its FY11 Form 10-K (despite some fears that it might miss this target date), sharing more...

Stifel Nicolaus has lowered the price target on Computer Sciences Corporation (NYSE: CSC) from $53 to $50 and maintains its Buy rating.

In a report released late yesterday, Goldman Sachs said that, given the steep 2H ramp implied in Computer Sciences Corporation's (NYSE: CSC) FY12 outlook and high exposure to DoD spend, “we see downside risk to estimates.” “We believe CSC shares will be guided by the expected closing of the iSOFT...

Citi is out with its report today on Computer Sciences Corporation (NYSE: CSC), lowering its PT from $53 to $50. In a note to clients, Citi writes, "Our 12-month target price goes to $50 from $53, reflecting our unchanged 9-10 P/E multiple range applied to our calendar year 2012 EPS estimate of $5...

J.P. Morgan has lowered its price target on Computer Sciences Corp. (NYSE: CSC) from $53 to $47 following the company's F4Q results. According to J.P. Morgan, “CSC's F4Q results were inline with its preannounced range (issued in early May). The company also issued mixed FY12 guidance with...

Computer Sciences (NYSE: CSC) will be reporting its fiscal fourth-quarter 2011 results Wednesday, May 25, after the closing bell. Analysts are looking for the technology services provider to post earnings of $1.16 per share on revenue of $4.2 billion. That compares to $1.66 per share and $4.2...

Computer Sciences Corporation (NYSE: CSC) demonstrated that its “fundamental story remains intact, but given the relatively unchanged outlook (following its preannouncement on May 2nd) and the external issues that still need to be resolved and/or quantified, we expect shares to remain relatively...

Computer Sciences Corporation (NYSE: CSC) is expected to announce its Q1 earnings report on Wednesday, May 4, before the markets open. Analysts are expecting earnings per share to be $1.56, a fall of 6% on the last year's level of $1.66. Revenues for this quarter are projected to be 0.9% higher...

Morgan Stanley is out with its report today on Computer Sciences Corporation (NYSE: CSC), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "CSC cut its F11 EPS guidance by ~9% to $4.75 from $5.20 previously, and the stock's P/E has expanded recently to 9.7x F11 consensus from...

Oppenheimer published its report on Computer Sciences Corporation (NYSE: CSC) following its meeting with CSC's CFO, Mike Mancuso, last Tuesday. In a report to clients, Oppenheimer writes, "Overall, tone was upbeat, as CSC believes that the roadblocks facing the firm in 2010 have largely been...

Oppenheimer recently had the opportunity to host investor meetings with the CFO of Computer Sciences Corporation (NYSE: CSC), Mike Mancuso. Oppenheimer said that, following the meetings, Computer Sciences Corporation's valuation remains attractive. “At 8x our CY11E operating EPS, CSC is trading at...

Computer Sciences Corporation (NYSE: CSC) reported mixed F1Q11, as revenue faces growth challenges while the company relies on winning and ramping up larger contracts and heighten its exposure to the public sector, according to JP Morgan. JP Morgan is confident that CSC will meet its earnings goal...