The company's stock was at $38.25, down from yesterday?s close of $57. The stock has traded as high as $61.94 and as low as $41.67 during the past 52 weeks. The shares last traded below 40 on July 14, 1997.
CA shares fell this morning despite the company's positive earnings report yesterday. The company posted first-quarter revenues of $1 billion, up 18 percent from year-ago figures. Net income for the quarter was $194.2 million, or 34 cents a share, compared with $155.8 million, or 28 cents a share, posted for the previous year. CA slightly beat Wall Street's expectations for the quarter of 33 cents a share, according to First Call.
Reuters contributed to this report.