Symantec Reports Fourth Quarter and Fiscal Year 2016 Results
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Symantec (SYMC) Will be Hard to Love as Transition Continues; BTIG Remains Sidelined
May 13, 2016 11:21 AM EDTBTIG affirms Symantec (NASDAQ: SYMC) with a Netural rating after the company posted Q4 results and cut its dividend late Thursday.
Analyst Joel Fishbien offered the following commentary: After Symantec downwardly revised 4Q16 guidance below the Streets expectations at the end of April, the company reported revenue and EPS in line with their outlook. Management reaffirmed their expectations for a decline in... More
Oppenheimer Remains Sidelined as Symantec (SYMC) Posts 4Q In-Line with Pre-Announcement
May 13, 2016 6:47 AM EDTOppenheimer maintained a Perform rating on Symantec (NASDAQ: SYMC) following the company's 4Q earnings report. As pre-announced on 4/28, SYMC posted revenues of $873M and EPS of $0.22. For F1Q17, management guided revenues of $865M-$895M and EPS of $0.24-$0.26. Oppenheimer estimates revenue of... More
Symantec (SYMC) Lowers Quarterly Dividend 50% to $0.075; 1.8% Yield
May 12, 2016 4:44 PM EDTSymantec (NASDAQ: SYMC) declared a quarterly dividend of $0.075 per share, or $0.3 annualized. This is a 50% decrease from the prior dividend of $0.15.
The dividend will be payable on June 22, 2016, to stockholders of record on June 8, 2016, with an ex-dividend date of June 6,... More
Symantec (SYMC) Misses Q4 EPS by 1c; Q1, FY17 Guidance Flat with Views
May 12, 2016 4:39 PM EDTSymantec (NASDAQ: SYMC) reported Q4 EPS of $0.22, $0.01 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $873 million versus the consensus estimate of $878.66 million.
GUIDANCE:
Symantec sees Q1 2017 EPS of $0.24-$0.26, versus the consensus of $0.25. Symantec sees Q1... More
