DXC Technology Spokesman Declines to Comment on Cancellation of Deutsche Bank Conference

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A DXC($NYSE:DXC) Technology spokesman declined to comment when asked about the company’s cancellation of a Deutsche Bank conference in Las Vegas on Thursday. Some investors may be concerned that the company is avoiding public scrutiny after a difficult year, but it’s also possible that DXC simply decided that the conference wasn’t a good use of its time or resources. In any case, the move didn’t seem to hurt DXC’s stock price, which rose 7.9% on the day. It’s too soon to say whether this will have any impact on the company’s long-term earnings prospects, but it’s something that investors will be keeping an eye on.

Market Price

The company’s stock opened at $24.5 on Thursday and closed at $26.7, up 7.7% from its previous closing price of $24.8.

VI Analysis

While a company’s fundamentals can reflect its long-term potential, making an investment decision can be complicated. The VI app analyzes a company’s financial and business risks, rating it on a scale of low to high. DXC TECHNOLOGY is rated as a medium risk investment, with potential risks in the business and financial areas. However, the app also notes the company’s strong fundamentals, indicating that it may be a good long-term investment.

For more details please visit Risk Rating.

Summary

This news caused the stock price to move up the same day. Investors may be interested in DXC Technology because it is a large global IT services company. The company has a diversified customer base and serves clients in a variety of industries including healthcare, financial services, manufacturing, retail, and government. The company is also generating significant free cash flow. Given the strong fundamentals of the company, DXC Technology appears to be a good long-term investment.