Why Symantec (SYMC) Stock Is Up in After-Hours Trading Today

NEW YORK (TheStreet) -- Symantec (SYMC) was gaining 0.5% to $23.85 after-hours Wednesday after beating analysts' expectations for earnings and revenue in the fiscal first quarter.

For the first quarter Symantec reported earnings of 45 cents a share, beating the Capital IQ Consensus Estimate of 43 cents a share by 2 cents. Revenue grew 1.8% from the year-ago quarter to $1.74 billion. Analysts expected revenue of $1.67 billion for the quarter.

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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 several positive factors, 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 growth in earnings per share, increase in net income, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

SYMC ChartSYMC data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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