Ed Caso

IBM (NYSE: IBM) shares tumbled 6% on Thursday after the company missed consensus revenue expectations and reported its fifth consecutive quarter of negative sales growth. Third-quarter revenue was down 4% from a year ago, but IBM’s recently closed Red Hat acquisition was a silver lining. Red...

Technology-focused defense company Parsons Corp (NYSE: PSN) went public in early May at $27 per share and is now trading north of Wells Fargo's price target. The Analyst Ed Caso downgraded Parsons from Outperform to Market Perform with an unchanged $36 price target. The Thesis Wells...

Tech giant IBM (NYSE: IBM) reported a fourth-quarter earnings beat and encouraging guidance for the full year 2019. With the stock still down 25 percent from a year ago, the Street isn't fully convinced "Big Blue" is at the beginning of a sustainable long-term turnaround. The...

Tech giant IBM (NYSE: IBM) reached an agreement to acquire open source cloud software provider Red Hat Inc (NYSE: RHT) for $190 per share in cash, representing a premium of more than 60 percent compared to Red Hat's Friday closing price of $116.68. Once the deal is complete, Red Hat will be...

IBM (NYSE: IBM) dropped more than 7 percent Wednesday after the company released a disappointing Q3 earnings report. Wall Street analysts are mixed on whether or not the sell-off is a buying opportunity for long-term investors. Here’s a sampling of what some analysts had to say about IBM....

Syntel, Inc. (NASDAQ: SYNT) shares have run up in the year-to-date period, prompting an analyst at Wells Fargo Securities to press the sell button. The Analyst Analyst Ed Caso downgraded shares of Syntel from Market Perform to Underperform and increased the price target from $26 to $29...

In the government agencies sector, Wells Fargo upgraded CACI International Inc (NYSE: CACI), Leidos Holdings, Inc. (NYSE: LDOS) and Science Applications International Corp (NYSE: SAIC) from Market Perform to Outperform on Wednesday, with a price target of $158, $69 and $80 respectively. Analyst Ed...

We’re months away from the annual budget deadline, and if Congress and President Donald Trump fail to appropriate funds, government departments won’t be able to spend money. This means contractors won’t get paid. “If the budget debate gets ugly, which is a clear possibility...

Wells Fargo reiterated its Outperform rating on CSRA Inc (NYSE: CSRA), saying the company is "different than other government service providers." "CSRA's primary (75–80 percent of revenue) focus on IT provides them unique positioning, and a significant headstart (in our view), as the client...

Wells Fargo has downgraded CACI International Inc (NYSE: CACI) to Market Perform from Outperform after the company issued lower-than-expected fiscal 2017 outlook. CACI, a provider of IT and other services to the U.S. federal government, guided FY17 EPS of $6.02–$6.43 on revenue of $4.050...