The semantics of Symantec Corporation (NASDAQ:SYMC)’s Q1 results
On Tuesday, Symantec Corp. (NASDAQ:SYMC) announced its quarterly dividend. Stakeholders on record as of 26 August will be eligible for this dividend of $0.15/share on 18 September. This represents an annualized dividend of $0.60 and a 2.46% dividend yield. The ex-dividend date is 22 August.
Recently, numerous analysts have commented on the SYMC stock. Nine different analysts have rated the company stock with a “hold” rating while 16 have a “buy” rating on the stock. Currently, the average analyst rating in SYMS is a “buy” with a $25.68 price target.
Wednesday’s trading session saw Symantec Corp. (NASDAQ:SYMC) shares gaining 9.57%. The opening price of $25.61 moved up to an intraday high of $26.89 before closing at $26.68. More than 18.89M shares exchanged hands in the trading session on Wednesday. This number was much higher than the average volume of 8.80M which was calculated over a 30-day period.
Currently, the 50-day moving average of the stock is $23.1 and SYMC has a market cap of $16.963B with a 22.55 P/E ratio. The company announced its latest earning report on 30 July. For the quarter, it reported earnings per share of $0.44 which topped the average analyst estimate of $0.36 by $0.08. Its quarterly revenue was $1.71B in comparison to the average analyst projection of $1.64B.
In the same quarter in 2012, the company has posted earnings per share of $0.43. On a y-o-y basis, Symantec Corp. (NASDAQ:SYMC)’s quarterly revenue rose by 2.5%. The company has set its Q2 earnings per share projection at $0.420$0.44. For the current financial year, the average analyst estimate is that SYMC will post earnings per share of $1.89
Symantec Corp. (NASDAQ:SYMC) is a global provider of storage and security systems and management solutions. These help consumers and businesses manage and secure all their information.