Company Update (NASDAQ:INTC): Intel Security And DLT Solutions Announce Strategic Alliance

[Business Wire] – Intel Security, a global security solutions leader, and DLT Solutions , a leading public sector technology company, today announced a strategic alliance focused on helping agencies address ever-increasing cybersecurity challenges. Read more on this. Intel Corporation (INTC) , valued at $151.10B, started trading this morning at $31.76. During the trading session, INTC traded between $31.70 to $32.00 with the price of the stock fluctuating between $24.87 to $35.59 over the last 52 weeks. INTC shares are currently priced at 13.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.90x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.31%. In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.49 per share, which would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.41, which would be a $0.08 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.99 Billion. If reported, that would be a 9.47% increase over the year-ago quarter. More recently, Robert W. Baird upgraded INTC from Neutral to Outperform (Mar 3, 2016). Previously, Goldman upgraded INTC from Sell to Neutral. Investors should keep in mind is that the average price target is $36.06, which is 13.54% above where the stock opened this morning. See more in (NASDAQ:INTC) Similar Articles: Stock Update (NASDAQ:INTC): Intel, AT&T Set Alliance For High-Altitude Drones Stock Update (NASDAQ:INTC): VMware: Collaboration With Intel Security Will Deliver A ‘Complete Mobile Security Solution’ Company Update: Intel Corporation (NASDAQ:INTC) – Joint Partnership Bolsters Cybersecurity in Indiana; State, Purdue and Intel Team Up for Security Operations Center