This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Symantec, Facebook, Riverbed: Tech Premarket

NEW YORK ( TheStreet) -- Symantec (SYMC - Get Report) was a big winner in pre-market trading, lifted by the software maker's better-than-expected first-quarter results.

The Mountain View, Calif.-based firm reported revenue of $1.71 billion, a year-over-year increase of 3% in constant currency. Analysts surveyed by Thomson Reuters were looking for sales of $1.64 billion.

Excluding items, Symantec earned 44 cents a share, up 7% on the prior year's quarter, well above analysts' estimate of 36 cents a share.

Symantec, which is still in the throes of a major restructuring effort, noted particular strength in its endpoint security and backup businesses.

The company's shares climbed 4.8% to $25.52 before market open.

Comcast (CMCSA - Get Report) shares rose 3.91% to $44.38, boosted by the media giant's second-quarter results. Early on Wednesday, Comcast reported revenue of $16.3 billion, a 7% increase on the prior year's quarter, and above Wall Street's forecast of $16.01 billion.

Comcast earned 65 cents a share, up from 50 cents a share in the same period last year. Analysts were looking for earnings of 63 cents a share.

Facebook (FB - Get Report) was another winner, rising 0.78% to $37.92 after closing Tuesday within pennies of its May 2012 $38 IPO price.

Shares of the social network, which has been attracting plenty of positive sentiment recently, gained 6.2% on Tuesday to close at $37.61. Facebook was also the most active pre-market Nasdaq stock on share volume of 1,429,652.

Micron Technology (MU - Get Report) was another Nasdaq gainer, rising 0.32% to $12.64 on share volume of 100,470.

Riverbed (RVBD - Get Report) shares, however, plunged 15.46% to $14.82 after the networking specialist missed Wall Street's revenue estimate in its second-quarter results late on Tuesday.

-- Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CMCSA $56.55 0.14%
FB $81.57 -0.78%
MU $27.27 0.52%
RVBD $20.92 0.02%
SYMC $23.30 -0.26%


DOW 17,703.99 -72.13 -0.41%
S&P 500 2,059.68 -8.21 -0.40%
NASDAQ 4,870.9730 -29.9120 -0.61%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs