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Computer Sciences Corp (CSC.N)

CSC.N on New York Stock Exchange

62.49USD
20 Jan 2017
Change (% chg)

$0.22 (+0.35%)
Prev Close
$62.27
Open
$62.27
Day's High
$62.51
Day's Low
$61.92
Volume
193,299
Avg. Vol
457,475
52-wk High
$63.34
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$25.72

Latest Key Developments (Source: Significant Developments)

Computer Sciences Corp enters into a purchase and sale agreement
Friday, 23 Dec 2016 04:40pm EST 

Computer Sciences Corp : Computer Sciences Corp - both agreements establish a committed, one-year facility with a facility limit of $250 million . Computer Sciences Corp - on Dec. 21, 2016, Computer Sciences Corporation entered into a purchase and sale agreement .Computer Sciences Corp - on December 21, 2016, company also entered into a receivables purchase agreement.  Full Article

Jana Partners LLC cuts sole share stake in CSRA, ups sole share stake in Computer Sciences
Monday, 14 Nov 2016 08:15am EST 

Jana Partners LLC : Jana partners llc - cuts sole share stake in csra inc by 15.5 percent to 4.8 million shares . Jana partners llc - cuts sole series c share stake in liberty broadband corp by 31.0 percent to 6.4 million . Jana partners llc - change in holdings are as of september 30, 2016 and compared with the previous quarter ended as of june 30, 2016 . Jana partners llc - ups sole share stake in computer sciences corp by 52.7 percent to 4.7 million shares . Jana partners llc - takes sole share stake of 1.9 million shares in select medical holdings corp .Jana partners llc - takes sole share stake of 1.3 million class b shares in universal health services inc.  Full Article

CSC reports Q2 earnings per share $0.10 from cont ops
Thursday, 3 Nov 2016 04:15pm EDT 

Computer Sciences Corp - : FY2017 earnings per share view $2.82 -- Thomson Reuters I/B/E/S . CSC delivers revenue growth and sequential commercial margin expansion in second quarter 2017 . Q2 non-GAAP earnings per share $0.61 from continuing operations excluding items . Q2 earnings per share $0.10 from continuing operations . Sees FY 2017 non-GAAP earnings per share $2.75 to $3.00 from continuing operations . Q2 revenue rose 16.2 percent to $1.035 billion . Q2 earnings per share view $0.47 -- Thomson Reuters I/B/E/S .Q2 revenue view $1.86 billion -- Thomson Reuters I/B/E/S.  Full Article

Computer Sciences Corp received commitments to extend maturity date of $2.98 billion amended
Thursday, 29 Sep 2016 05:14pm EDT 

Computer Sciences Corp : Received commitments to extend maturity date of $2.98 billion amended and restated credit agreement dated as of October 13, 2013 . $70 million of the commitments under credit agreement will mature on january 15, 2021 . Says as a result, $2.84 bln of commitments under credit agreement will mature on january 15, 2022 - SEC filing .Computer sciences corp says another $70 million of commitments under credit agreement will mature on January 15, 2020.  Full Article

Glenview Capital reports 5.26 pct passive stake in Computer Sciences Corp
Friday, 2 Sep 2016 04:25pm EDT 

Computer Sciences Corp : Glenview Capital Management,LLC reports 5.26 percent passive stake in Computer Sciences Corp as of August 23 - SEC filing Source: (http://bit.ly/2c10XoA) Further company coverage: [CSC.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

CSC: Lizabeth Zlatkus appointed to the board
Wednesday, 10 Aug 2016 04:30pm EDT 

Computer Sciences Corp : CSC Board announces new board member and declares quarterly cash dividend . Sets regular quarterly dividend of $0.14per share . Says Lizabeth H. Zlatkus appointed to the board .Says Zlatkus was a member of Hewlett Packard Financial Services board of advisors.  Full Article

Computer Sciences Q1 earnings per share view $0.45, revenue view $1.91 billion -- Thomson Reuters I/B/E/S
Monday, 8 Aug 2016 04:15pm EDT 

Computer Sciences Corp : Q1 non-GAAP earnings per share $0.53 from continuing operations excluding items . Q1 loss per share $0.15 from continuing operations . Q1 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Q1 revenue view $1.91 billion -- Thomson Reuters I/B/E/S . CSC delivers revenue growth and commercial margin expansion in first quarter 2017 . Sees FY 2017 non-GAAP earnings per share $2.75 to $3.00 from continuing operations . Q1 revenue rose 14.1 percent to $1.049 billion . "merger with enterprise services segment of hewlett packard enterprise is progressing as planned with a targeted close of late March 2017" . Q1 earnings per share view $0.45, revenue view $1.91 billion -- Thomson Reuters I/B/E/S .FY2017 earnings per share view $2.83 -- Thomson Reuters I/B/E/S.  Full Article

CSC and Racemi form strategic collaboration
Thursday, 2 Jun 2016 04:30pm EDT 

Computer Sciences Corp - : CSC and Racemi form strategic collaboration to accelerate enterprise migration to cloud .Under terms of agreement, CSC will make an investment in Racemi to accelerate development of Dynacenter.  Full Article

S&P affirms Hewlett Packard Enterprise's 'BBB' rating
Wednesday, 25 May 2016 08:30am EDT 

S&P:Hewlett Packard Enterprise Co. 'BBB' rating affirmed on planned Enterprise Services business divestiture; outlook stable.  Full Article

HPE says "Deal is expected to be completed by March 2017" - CEO Meg Whitman on CSC merger
Tuesday, 24 May 2016 06:26pm EDT 

: Hewlett Packard Enterprise Co says "Equity stake in the new company of $4.5 bln or a 50 pct stake" - CEO MEG WHITMAN on CSC merger . Hewlett Packard Enterprise Co says "Deal is expected to be completed by March 2017" - CEO Meg Whitman on CSC merger . Hewlett Packard Enterprise Co says "Expect $900 mln in seperation charges regarding CSC merger, of which $300 mln in FY 2016" - Tim Stonesifer, CFO . Mike Lawrie, CEO of CSC says "CSC and HPE will have long term agreements in place to ensure current customer commitments are fulfilled"- HPE conf call . Hewlett Packard Enterprise Co says "To finance sepration charges, we will reduce the 2015 restructuring costs by about $1 billion" - Conf Call Source - HPE Q2 Conference Call Further company coverage: [HPE.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

BRIEF-Computer Sciences, incremental lender exercise option to incur incremental commitments

* Computer Sciences -On Dec 30, co and incremental lender exercised option to incur incremental commitments thereunder in aggregate amount of $40 million