raly – Scalper1

CA Rally Deal Boosts Rivalry With IBM, Microsoft

CA Technologies’ (CA) planned acquisition of Rally Software Development (RALY) will likely help CA better compete with rivals including Microsoft and IBM. CA is a leading maker of infrastructure software that helps companies manage their IT infrastructures. Michael Turits, an analyst for Raymond James & Associates, said that CA’s late Wednesday plan to acquire Rally, a maker of agile development software and services, for $480 million will

Rally Software Downgraded, Yet Price Target Hiked

Rally Software Development’s (RALY) valuation might be getting a little too rich. So concluded Stephens analyst Alex Zukin, who downgraded the enterprise software company to equal weight from overweight in a research report Monday but still boosted his price target on Rally stock to 16 from 14 and said it remains a possible takeover target. Rally Software stock was down 4% in morning trading in the stock market today, near 15.25, but it’s still up