symantec
NASDAQ symbol SYMC, makes software that helps protect computers from viruses and electronic attacks. Its best-known product is the top-selling Norton Anti-Virus program.
SYMANTEC CORP. $23 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 696.6 million; Market cap: $16.0 billion; Price-to-sales ratio: 2.3; Dividend yield: 2.6%; TSINetwork Rating: Average; www.symantec.com) makes software that protects computers from viruses and intruders, including the popular Norton anti-virus program....
SYMANTEC CORP. $23.62 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 689.2 million; Market cap: $16.7 billion; Dividend yield: 2.5%) sells computersecurity technology, including anti-virus and emailfiltering software, to businesses and consumers.
In its fiscal 2013 fourth quarter, which ended March 29, 2013, Symantec’s revenue rose 4.4%, to $1.75 billion from $1.68 billion a year earlier....
In its fiscal 2013 fourth quarter, which ended March 29, 2013, Symantec’s revenue rose 4.4%, to $1.75 billion from $1.68 billion a year earlier....
SYMANTEC CORP. $23 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 696.6 million; Market cap: $16.0 billion; Price-to-sales ratio: 2.3; Dividend yield: 2.6%; TSINetwork Rating: Average; www.symantec.com) makes software that protects computers from viruses and intruders, including the popular Norton anti-virus program. It also sells products and services, such as e-mail filtering and data backup, to businesses.
In July 2005, the company paid $13.2 billion for Veritas Software, whose software stores and protects information in large databases. The deal cut the company’s reliance on selling software to consumers and helped it compete with larger computer-services firms, like IBM.
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In July 2005, the company paid $13.2 billion for Veritas Software, whose software stores and protects information in large databases. The deal cut the company’s reliance on selling software to consumers and helped it compete with larger computer-services firms, like IBM.
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SYMANTEC CORP., $24.35, Nasdaq symbol SYMC, sells computer-security technology, including anti-virus and email-filtering software, to businesses and consumers. In its fiscal 2013 fourth quarter, which ended March 29, 2013, Symantec’s revenue rose 4.0%, to $1.75 billion from $1.68 billion a year earlier. That beat the consensus revenue estimate of $1.73 billion. The company is doing a good job of selling its products as ongoing subscriptions instead of one-time purchases. Subscriptions now account for 44% of Symantec’s sales to consumers and 14% of its sales to businesses. Earnings rose 11.0%, to $314 million from $283 million. Symantec spent $125 million on share repurchases in the latest quarter. Due to fewer shares outstanding, earnings per share rose 15.8%, to $0.44 from $0.38. These figures exclude costs related to the company’s plan to lay off 30% to 40% of its managers and streamline its product lines. On that basis, the latest earnings exceeded the consensus estimate of $0.38 a share. Symantec continues to spend around 15% of its revenue on research....
Please note: The next Stock Pickers Digest newsletter issue will be sent out on Friday, May 24, 2013. WESTJET AIRLINES LTD., $21.85, symbol WJA on Toronto, fell almost 13% this week, even though it reported record earnings in the latest quarter. WestJet reports that its earnings jumped 33.3% in the three months ended March 31, 2013, to $91.1 million from $68.3 million a year earlier. That marks the company’s 32nd consecutive quarter of profitability. Earnings per share rose 38.8%, to $0.68 from $0.49, on fewer shares outstanding. Revenue rose 8.6%, to $967.2 million from $891.0 million a year earlier....
SYMANTEC CORP. $23.62 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 689.2 million; Market cap: $16.7 billion; Dividend yield: 2.5%) sells computersecurity technology, including anti-virus and emailfiltering software, to businesses and consumers.
In its fiscal 2013 fourth quarter, which ended March 29, 2013, Symantec’s revenue rose 4.4%, to $1.75 billion from $1.68 billion a year earlier. Earnings per share rose 15.8%, to $0.44 from $0.38.
Symantec is laying off 30% to 40% of its managers and streamlining its product lines. This restructuring should increase its gross profit margin (gross profits as a percentage of revenue) from 25.7% in fiscal 2013 to at least 30% in fiscal 2015.
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In its fiscal 2013 fourth quarter, which ended March 29, 2013, Symantec’s revenue rose 4.4%, to $1.75 billion from $1.68 billion a year earlier. Earnings per share rose 15.8%, to $0.44 from $0.38.
Symantec is laying off 30% to 40% of its managers and streamlining its product lines. This restructuring should increase its gross profit margin (gross profits as a percentage of revenue) from 25.7% in fiscal 2013 to at least 30% in fiscal 2015.
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SYMANTEC CORP. (Nasdaq symbol SYMC; www.symantec.com) sells computer security technology, including anti-virus and email-filtering software, to businesses and consumers. It also offers data-archiving software....
SYMANTEC CORP. $24.54 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 689.2 million; Market cap: $16.9 billion; No dividends paid) sells computersecurity technology, including anti-virus and email-filtering software, to businesses and consumers....
SYMANTEC CORP. $24.54 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 689.2 million; Market cap: $16.9 billion; No dividends paid) sells computersecurity technology, including anti-virus and email-filtering software, to businesses and consumers. It also offers data-archiving software.
Symantec’s shares continue to rise on better-than-expected earnings and a new restructuring plan that should improve the company’s longterm profitability.
In its fiscal 2013 third quarter, which ended December 28, 2012, Symantec’s revenue rose 4.4%, to a record $1.8 billion from $1.7 billion a year earlier. That’s mainly because its business clients are buying more of its data-security and storage services.
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Symantec’s shares continue to rise on better-than-expected earnings and a new restructuring plan that should improve the company’s longterm profitability.
In its fiscal 2013 third quarter, which ended December 28, 2012, Symantec’s revenue rose 4.4%, to a record $1.8 billion from $1.7 billion a year earlier. That’s mainly because its business clients are buying more of its data-security and storage services.
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These two software makers continue to spend heavily on research. That hurts their earnings, but it helps them compete in their rapidly changing industry. Right now, we prefer Symantec for new buying.
ADOBE SYSTEMS INC. $39 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.8 million; Market cap: $19.5 billion; Price-to-sales ratio: 4.4; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $307.9 million in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012....
ADOBE SYSTEMS INC. $39 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.8 million; Market cap: $19.5 billion; Price-to-sales ratio: 4.4; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $307.9 million in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012....