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Technology Stocks : Symantec (SYMC) - What does it look like?

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To: jhg_in_kc who wrote (1874)10/18/2002 4:15:08 AM
From: W D J Moore  Read Replies (1) of 2069
 
Symantec (SYMC) 38.50 +2.94: Operating in a weak tech segment, SYMC delivered a blow-out qtr (beat Q2 consensus estimate by $0.07) and boosted Q3 guidance to $0.38 EPS and $335-355 mln revenues vs. consensus of $0.35 and $336.5 mln. Analysts reiterate their confidence in co's sustained growth: CSFB raises their 2003 and 2004 estimates above SYMC's projections and raises their price target to $44 from $42 citing SYMC's recent announcement of an OEM deal with HPQ. Prudential similarly boosts their 2003 forecasts and price target to $44 on SYMC's customer and consumer strength. briefing.com
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