The semantics of Symantec Corporation (NASDAQ:SYMC)’s Q1 results

Posted by Kristi Scott August 1, 2013 0 Comment 898 views

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.

Stunning statistics

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.

And more…

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.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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