- Current Price: $31
- YTD: -6%
- Percentage below 52-week high: 16%
CA Technologies (CA) is involved in a rapidly growing and necessary part of IT. It’s called Data Center Infrastructure Management or DCIM. All you really need to know about it from an investors’ point-of-view is its staggering market potential. Fewer than 10% of mid- to large-sized data centers utilize it, and 451 Research says DCIM supplier revenue will reach $1.8 billion by 2016, representing a 44% compound annual growth rate. While migrating away from mainframe services, the DCIM provider is also focusing on growing its cloud market share.
Cloud is estimated to become a $148.8 billion global market in 2014, $160 billion in 2015, and $207 billion in 2016, and CA Technologies is perfectly poised to share in the boom.