Symantec Reports First Quarter Fiscal Year 2018 Results

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Symantec (SYMC) PT Lowered to $31 at Cowen Following 1Q

August 3, 2017 7:37 AM EDT

Cowen lowered its price target on Symantec (NASDAQ: SYMC) to $31.00 (from $33.00) while maintaining a Market Perform rating. F1Q revenue of $1.228b was up 39% y/y, exceeding the Street at $1.205b. OMs of 30.7% grew 210bps y/y and easily beat the Street's 28.2%, translating... More