Ups And Downs In Channel Company Stocks For Q1 2017
Submitted by Rick Whiting on
Computer Sciences Corp.
CEO: Mike Lawrie
Dec. 30, 2016: $59.42
March 31, 2017: $69.01
Change: +16.14%
CSC struck a deal in May 2016 with Hewlett-Packard Enterprise to merge with HPE's Enterprise Services operations, creating the new company DXC Technology, a $26 billion IT infrastructure, services and solutions behemoth with more than 5,000 clients in 70 countries.
That deal was completed on April 3 after the period covered in this analysis. Trading of DXC Technology stock began that day, and trading of CSC shares ended.
CSC was No. 8 on the CRN Solution Provider 500. But DXC, following the merger, is likely to garner a higher ranking.
In February CSC and HPE announced the executives who would manage the new DXC, drawing from the management ranks of both CSC and HPE Enterprise Services.