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CA Technologies stock jumps on analyst report

CA Technologies stock jumped Friday following a new

CA Technologies stock jumped Friday following a new analyst's report. Photo Credit: Kevin P. Coughlin, 2012

Islandia-based CA Technologies Inc.’s stock hit its highest price since 2005 on Friday morning after an analyst at RBC Capital Markets raised its target price to $30 from $26.

The stock hit $29.83 in the morning, and then was trading at $29.12 around noon, after opening at $28.15, a more than 4 percent rise.

The software company’s market capitalization — the value of all its outstanding shares at the current price — is $13.17 billion.
 

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