FBR Capital Maintains a 'Market Perform' on Symantec (SYMC); Delivers Solid March Results; Moving in the Right Direction
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Price: $23.75 --0%
Rating Summary:
9 Buy, 27 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 17
Rating Summary:
9 Buy, 27 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 17
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FBR Capital maintains a 'Market Perform' on Symantec (NASDAQ: SYMC), PT raised from $18 to $21.
FBR analyst says, "While the company’s recent results give us increased confidence that Symantec has gotten its arms around its business and is doing a good job of digesting its recent acquisitions into the fold, we maintain our Market Perform rating given our concerns around consistency and the company’s nearterm profitability profile."
"For FY1Q12 (June) we are raising our total revenue and pro forma EPS estimates to $1.58 billion and $0.37 versus our prior estimates of $1.55 billion and $0.35. For FY12 we are raising our total revenue and pro forma EPS estimates to $6.60 billion and $1.60 versus our prior estimates of $6.50 billion and $1.52. For FY13 we are introducing our total revenue and pro forma EPS estimates of $6.91 billion and $1.76."
For more ratings news on Symantec click here and for the rating history of Symantec click here.
Shares of Symantec closed at $19.41 yesterday.
FBR analyst says, "While the company’s recent results give us increased confidence that Symantec has gotten its arms around its business and is doing a good job of digesting its recent acquisitions into the fold, we maintain our Market Perform rating given our concerns around consistency and the company’s nearterm profitability profile."
"For FY1Q12 (June) we are raising our total revenue and pro forma EPS estimates to $1.58 billion and $0.37 versus our prior estimates of $1.55 billion and $0.35. For FY12 we are raising our total revenue and pro forma EPS estimates to $6.60 billion and $1.60 versus our prior estimates of $6.50 billion and $1.52. For FY13 we are introducing our total revenue and pro forma EPS estimates of $6.91 billion and $1.76."
For more ratings news on Symantec click here and for the rating history of Symantec click here.
Shares of Symantec closed at $19.41 yesterday.
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