[Business Wire] – Symantec and Frost Data Capital today announced a partnership to fuel innovation in cyber security analytics, big data and Internet of Things security. Symantec and Frost Data Capital will create and seed early-stage startups with funding, resources and expertise.
Symantec Corporation (SYMC), valued at $15.91B, started trading this morning at $23.54. Today, shares have traded between $23.29 and $23.98 per share with the price of the stock fluctuating between $21.66 to $27.32 over the last 52 weeks. Symantec (SYMC) shares are currently priced at 12.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.89x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 2.60%. According to a consensus of 26 analysts, the earnings estimate of $0.43 per share would be $0.02 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.86 which would be a $0.02 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.53 Billion. If reported, that would be a 12.07% decrease over the year-ago quarter. Morerecently, Wunderlich Initiated SYMC at Hold (Jun 9, 2015). Previously, Jefferies upgraded SYMC from Underperform to Hold. The average price target for SYMC shares by the analysts covering the stock is $25.38, which is 7.82% above where the stock opened this morning. : Symantec Corporation, together with its subsidiaries, provides security, backup, and availability solutions worldwide. Its products and services protect people and information in various environments from the mobile device and enterprise data center and to cloud-based systems. The company operates through three segments: Consumer Security, Enterprise Security, and Information Management. The Consumer Security segment offers Norton-branded services that provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals, families, and small businesses. The Enterprise Security segment offers secure socket layer certificates, authentication, mailand Web security, data center security, data loss prevention, information security services, endpoint security and management, encryption, and mobile security services offerings. Its products and services help its customers to secure their confidential information wherever it resides in the network path from the userÂ’s device to the dataÂ’s resting place. The Information Management segment focuses on backup and recovery, archiving and eDiscovery, storage, and high availability solutions helping to ensure that its customersÂ’ IT infrastructure and mission-critical applications are protected, managed, and available. The company serves individuals, households, and small businesses; small, medium, and large enterprises; and government and public sector customers. It markets and sells its products and related services through direct sales force, ecommerce platform, distributors, direct marketers, Internet-based resellers, system builders, Internet service providers, wireless carriers,retailers, original equipment manufacturers, and retail and online stores. Symantec Corporation was founded in 1982 and is headquartered in Mountain View, California.