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Symantec Corporation

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Symantec is benefiting from continued strength in its consumer business. Moreover, the company reiterated its outlook for fiscal 2019, which is likely to ease concerns as the company had cut the guidance in fiscal first quarter. Moreover, key customer wins for Cloud Proxy, Cloud Access Security Broker, and cloud e-mail offerings are a positive. Also, acquisitions are helping the company to reduce its dependence on the PC market and strengthen its position in the enterprise security market. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has positive record of earnings surprises in recent quarters. However, increased competition from bellwethers like Microsoft and Intel is a concern. Shares underperformed the industry in the past one year.

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