Company Update (NYSE:CSC): Computer Sciences Corporation Named a Leader in IDC MarketScape

Computer Sciences Corporation (NYSE:CSC) has been named a “leader” in the IDC MarketScape: Asia/Pacific Managed Security Services (MSS) 2015 Vendor Assessment. According to the IDC analysis, CSC received “top marks” for its customer-focused approach to MSS service-level agreements and client satisfaction.

The IDC MarketScape rated CSC highly in several categories of MSS in the Asia/Pacific region, including comprehensive offerings across MSS, security consulting, business continuity, and incident response services, among others. Such offerings are complemented by CSC’s “solid professional security services capabilities” in the areas of assessment, threat intelligence, and compliance services, the report notes. Recent “acquisitions of value” in the big data and cloud orchestration space are expected to “strengthen and broaden” CSC’s MSS position, the report states.

“There’s no question cybersecurity is top of mind for both business and technology leaders today, and enterprises are increasingly demanding dynamic, advanced managed security services using big data analytics and automation technologies to guard against rapidly changing threats,” said Ashish Mahadwar, executive vice president and general manager, CSC Emerging Business Group.  “As the report notes, CSC plans to grow the number of our regional Risk Management Centers from three to five over the next 24-36 months, reiterating our commitment to this important market.”

IDC collected and analyzed data on 16 organizations that offer MSS services in the rapidly maturing Asia/Pacific market, in which a fast-growing number of enterprises and government organizations are looking for an MSSP with global capabilities and strong local delivery. The IDC analysis found major differentiation among the 16 providers centered on their go-to-market capabilities in Asia/Pacific, such as customer services, sales or distribution structure; pricing alignment; partnership; and marketing.

For the purposes of its research, IDC MarketScape defines the Asia/Pacific managed security services market as the round-the-clock management and monitoring of security solutions and activities delivered from a vendor’s SOCs or a third-party service provider’s datacenter. Examples include customer premises equipment-based (CPE-based) managed and monitored firewall services, intrusion prevention and detection services, security event and incident management, vulnerability management services, patch management and upgrades, and identity and access management. (Original Source)

Shares of Computer Sciences opened today at $64.87 and are currently trading down at $64.74. CSC has a 1-year high of $73.29 and a 1-year low of $54.23. The stock’s 50-day moving average is $66.75 and its 200-day moving average is $65.92.

On the ratings front, CSC has been the subject of a number of recent research reports. In a report issued on May 20, Morgan Stanley analyst Brian Essex upgraded CSC to Hold, with a price target of $73, which represents a potential upside of 12.5% from where the stock is currently trading. Separately, on the same day, Cowen’s Moshe Katri maintained a Buy rating on the stock and has a price target of $75.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian Essex and Moshe Katri have a total average return of -13.4% and 14.7% respectively. Essex has a success rate of 16.7% and is ranked #3296 out of 3717 analysts, while Katri has a success rate of 82.4% and is ranked #867.

Overall, 3 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $72.33 which is 11.5% above where the stock opened today.

Computer Sciences Corp provides information technology (IT) and professional services and solutions. The Company’s reportable segments are Global Business Services (GBS), Global Infrastructure Services (GIS), and North American Public Sector (NPS).

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