Symantec Corp Stock Buy Recommendation Reiterated (SYMC)
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- SYMC's revenue growth has slightly outpaced the industry average of 1.5%. Since the same quarter one year prior, revenues slightly increased by 4.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Compared to its closing price of one year ago, SYMC's share price has jumped by 61.67%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SYMC should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The gross profit margin for SYMANTEC CORP is currently very high, coming in at 87.30%. Regardless of SYMC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, SYMC's net profit margin of 10.75% is significantly lower than the industry average.
- SYMANTEC CORP has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, SYMANTEC CORP reported lower earnings of $1.07 versus $1.57 in the prior year. This year, the market expects an improvement in earnings ($1.89 versus $1.07).
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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