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Company Update: Symantec Corporation (NASDAQ:SYMC) – Symantec Recognizes 1&1 with Game Changer Award For Global Security Leadership and Innovation

[Business Wire] – Symantec Corp. , a global leader in cybersecurity, today recognized 1&1 , one of the world’s leading Web hosting providers, with the Symantec Game Changer award. Read more on this. Symantec Corporation (SYMC) , valued at $10.85B, opened at $16.65. Looking at today’s trading action, the company’s one day range from $16.58 to $16.80 and has traded between $16.14 and $26.16 over the past year. SYMC shares are currently priced at 15.97x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 3.61%. According to a consensus of 27 analysts, the earnings estimate of $0.23 per share would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.04, which would be a $0.26 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $878.66 Million. If realized, that would be a 43.31% decrease over the year-ago quarter. More recently, Raymond James downgraded SYMC from Outperform to Mkt Perform (Apr 28, 2016). Previously, Goldman Initiated SYMC at to Neutral. The average price target for SYMC shares by the analysts covering the stock is $19.15, which is 15.02% above where the stock opened this morning. See more in (NASDAQ:SYMC) Similar Articles: Market Update: Symantec Corporation (NASDAQ:SYMC) – DarkMatter and Symantec to Provide Next-generation Cyber Security Solutions and Services Market Update: Symantec Corporation (NASDAQ:SYMC) – Symantec (SYMC) Stock Boosted by Piper Jaffray’s Optimism Stock Update: Symantec Corporation (NASDAQ:SYMC) – Symantec Enterprise Protection Receives “Best Protection” Award for Corporate Users by AV-TEST Institute
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