Symantec (NASDAQ:SYMC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.37-$0.41 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of $1.190-$1.220 billion, compared to the consensus revenue estimate of $1.21 billion.Symantec also updated its FY19 guidance to $1.57-$1.61 EPS.
Shares of Symantec stock traded up $0.20 during trading on Thursday, reaching $21.02. The company’s stock had a trading volume of 7,898,331 shares, compared to its average volume of 6,202,008. The stock has a market cap of $13.30 billion, a PE ratio of 22.13, a PEG ratio of 2.60 and a beta of 1.05. Symantec has a 52 week low of $17.42 and a 52 week high of $29.20. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.00 and a current ratio of 1.00.
Symantec (NASDAQ:SYMC) last announced its earnings results on Thursday, November 1st. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Symantec had a net margin of 25.95% and a return on equity of 13.99%. Symantec’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. Equities research analysts predict that Symantec will post 1 earnings per share for the current fiscal year.
SYMC has been the subject of a number of recent research reports. BidaskClub raised shares of Symantec from a hold rating to a buy rating in a research report on Saturday, November 17th. Wedbush started coverage on Symantec in a research note on Thursday, October 18th. They issued a neutral rating and a $19.00 price target for the company. Cowen raised Symantec from an underperform rating to a market perform rating in a research note on Tuesday, October 16th. ValuEngine downgraded Symantec from a buy rating to a hold rating in a research note on Tuesday, December 25th. Finally, Evercore ISI reaffirmed a hold rating and issued a $22.00 price target on shares of Symantec in a research note on Sunday, November 11th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $23.10.
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Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
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