Computer Sciences Corporation (NYSE:CSC) and HDS announced the expansion of their long-standing, global alliance to help clients quickly and cost-effectively realize the benefits of cloud-enabled digital transformation through strategic focus on joint delivery of CSC BizCloudTM powered by Hitachi Unified Compute Platform (UCP), storage-as-a-service (STaaS) and SAP HANA offerings. The companies have also entered into a new multi-year CSC Agility Platform reseller agreement.
As more enterprises shift to the cloud and embrace as-a-service IT deployment, they are encountering challenges around security, flexibility and build-versus-buy cost considerations. CSC BizCloud powered by Hitachi UCP addresses these challenges and enables infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and STaaS IT delivery across hybrid cloud environments. Clients in a wide range of sectors – from financial services to manufacturing and aerospace – have already adopted these joint offerings and have achieved:
- Real-time, remote and secure access to content;
- A consistent application deployment framework that addresses regulatory and compliance requirements;
- Rapid, reliable application currency via software release automation and workflow;
- One-step provisioning and deployment with increased security;
- Management of sensitive records; and
- Lower investment costs with existing storage infrastructure.
“Today, organizations are embracing digital transformation in order to accelerate innovation and increase mobility and business agility,” said Mike Walkey, senior vice president, Global Partner Organization at HDS. “Because every client and every transformation is different, we see value in offering many alternatives to help clients navigate this journey and achieve their desired business outcomes. Organizations want trusted partners who can ease enterprise cloud deployment, deliver cost-effective as-a-service offerings, and support corporate mobility initiatives. With a shared vision and strategy to simplify and accelerate the digital transformation journey for our mutual clients, HDS and CSC can be those partners.”
“We are capitalizing on and expanding our 20-year strategic relationship to deliver greater value to clients as they transform in the digital economy,” said Dave Zolet, executive vice president and general manager of CSC Americas Region. “Transformative offerings, like CSC BizCloud powered by Hitachi UCP and CSC Agility Platform, can help enterprise clients leverage the power of their data to create economic value.”
The new CSC Agility Platform reseller agreement enables HDS to offer greater choice and flexibility to clients looking to find the best-fit solution for their IT environment. The advanced automation and management capabilities of the CSC Agility Platform combined with the Hitachi UCP converged infrastructure solutions from HDS can cost-effectively ease and accelerate enterprise hybrid cloud deployments through a single platform. (Original Source)
Shares of Computer Sciences are currently trading at $50.44, up 0.65 or 1.31%. CSC has a 1-year high of $52.55 and a 1-year low of $24.27. The stock’s 50-day moving average is $47.19 and its 200-day moving average is $41.94.
On the ratings front, CSC stock has been the subject of a number of recent research reports. In a report released yesterday, Jefferies analyst Jason Kupferberg reiterated a Buy rating on CSC, with a price target of $63, which represents a potential upside of 26.5% from where the stock is currently trading. Separately, on September 9, Cantor’s Joseph Foresi reiterated a Hold rating on the stock and has a price target of $46.00.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jason Kupferberg and Joseph Foresi have a total average return of 8.3% and -4.4% respectively. Kupferberg has a success rate of 68% and is ranked #266 out of 4166 analysts, while Foresi has a success rate of 30% and is ranked #3873.
Overall, 2 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $56.00 which is 12.5% above where the stock closed yesterday.
Computer Sciences Corp. provides information technology solutions. It operates through the Global Business Services, Global Infrastructure Services segments. The Global Business Services segment provides technology solutions including consulting, applications services, and software. The Global Infrastructure Services segment provides managed and virtual desktop solutions, unified communications and collaboration services, data center management, cyber security, cloud solutions, cloudmail and storage as a Service, compute and managed storage solutions.