Stock Update: Symantec Corporation (NASDAQ:SYMC) – Symantec Q3 Sales Seen Dipping Below $1 Billion Mark

[at Investor’s Business Daily] – Symantec (SYMC) Q3 sales are expected to dip below $1 billion for the first time since 2007, and Wall Street will closely watch the company’s Q4 outlook, which follows the completed sale of its data storage … Read more on this. Symantec Corporation (SYMC) , valued at $13.02B, opened at $19.45. Today, shares have traded between $18.96 and $19.49 per share with the price of the stock fluctuating between $18.31 to $26.36 over the last 52 weeks. SYMC shares are currently priced at 14.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 3.02%. According to a consensus of 26 analysts, the earnings estimate of $0.24 per share would be $0.29 worse than the year-ago quarter and a $0.16 sequential decrease. Investors should also note that the full-year EPS estimate of $1.34 is a $0.54 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $905.81 Million. If realized, that would be a 44.77% decrease over the year-ago quarter. Recently, Morgan Stanley upgraded SYMC from Underweight to Equal-Weight (Aug 21, 2015). Previously, Citigroup downgraded SYMC from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $23.38, which is 20.21% above where the stock opened this morning. See more in (NASDAQ:SYMC) Similar Articles: Stock Update: Symantec Corporation (NASDAQ:SYMC) – Symantec Provides Update on Expected Third Quarter Results Stock Update: Symantec Corporation (NASDAQ:SYMC) – Symantec Announces Time Change for Q2 Earnings Call Market Update: Symantec Corporation (NASDAQ:SYMC) – Symantec Secures More Than 1 Billion Internet of Things (IoT) Devices