Why Symantec (SYMC) Stock Is Higher In After-Market Trade

NEW YORK (TheStreet) -- Shares of Symantec Corp. (SYMC) are up 1.84% to $20.13 in after-market trade as the company reported its fourth quarter and fiscal year 2014 results.

Rvenue for the fourth quarter was $1.63 billion, down 7% year-over-year. Net income was $217 million, up 14% year-over-year. Earnings per share of 31 cents were up 15% year-over-year.

For the  fiscal year, revenue was $6.68 billion, down 3%. Net income was $898 million, up 19% year-over-year. Earnings per share were $1.28, up 21% year-over-year.

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For the fiscal year 2015, the company expects revenue of $6.63 to $6.77 billion, compared to $6.70 billion in the year-ago period. 

For the first quarter of fiscal 2015, the company expects revenue of $1.65 to $1.69 billion, compared to $1.71 billion in the year-ago period.

Analysts, on average, are predicting revenue of $1.64 billion for the period that ends in June, according to Bloomberg data.

TheStreet Ratings team rates SYMANTEC CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate SYMANTEC CORP (SYMC) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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