Symantec Reports First Quarter Fiscal Year 2016 Results
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August 11, 2015 2:38 PM EDT
Citi downgraded Symantec (NASDAQ: SYMC) from Buy to Neutral.
For an analyst ratings summary and ratings history on Symantec click here. For more ratings news on Symantec click here.
Shares of Symantec closed at $22.91 yesterday.
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August 11, 2015 1:16 PM EDT
Credit Suisse downgraded Symantec (NASDAQ: SYMC) from Outperform to Neutral earlier and lowered its price target to $25.00 (from $30.00). The downgrade follows news the company sold Veritas to Carlyle Group for $8 billion.
"Although we had estimated that Veritas could be valued near $8.8 billion, we are... More
August 11, 2015 7:06 AM EDT
Symantec (NASDAQ: SYMC) reported Q1 EPS of $0.40, $0.03 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.53 billion.
Symantec sees Q2 2016 EPS of $0.40-$0.43, versus the consensus of $0.45. Symantec sees Q2 2016 revenue of $1.485-1.525... More
