Global internet security services developer, Symantec Corporation (SYMC) CEO, Enrique Salem is looking to buy storage or security companies that provide mobility and cloud computing. Mr. Salem said Symantec may disclose as early as next week how much of its $3 billion in cash it will earmark for deals this year.
According to the results of the company's fourth quarter and the fiscal year 2011, Symantec's revenue for the fiscal fourth quarter ended 1 April grew 9 percent to USD 1.67 billion from USD 1.53 billion in the same period last year. For the first quarter of fiscal year 2012 ending 1 July revenue is estimated to be between USD 1.57-1.59 billion, up 10-11 percent year-over-year.
Acquisition of VeriSign's and fast-growing security market, i believe Symantec will be able to capitalize on the vast opportunities. However, intense competition from big and small players may hamper margin expansion but we believe Symantec management and technology will deliver decent results in the coming quarters.
Finally, investing in Symantec Corporation (SYMC) based on all this doesn't sound like a great idea to you yet. There are few industry peers and competitors or alternatives in the market you can watch:
Microsoft Corporation (MSFT) is trading at a price of $24.52, a dramatic change of 0.11 with % change of 0.45% ,earnings per share for the company 2.52 with P/E ration 9.72 the company has a Market capitalization (total value of a company in the stock market) of approximately 206.77B
Websense Inc. (WBSN) is trading at a price of $23.75, a dramatic change of -0.81 with % change of -3.30% ,earnings per share for the company 0.61 with P/E ration 38.72 the company has a Market capitalization (total value of a company in the stock market) of approximately 964.68M
Oracle Corporation (ORCL) is trading at a price of $33.94, a dramatic change of -0.24 with % change of -0.70% ,earnings per share for the company 1.51 with P/E ration 22.52 the company has a Market capitalization (total value of a company in the stock market) of approximately 171.75B
CA Inc. (CA) is trading at a price of $22.83, a dramatic change of -0.09 with % change of -0.39% ,earnings per share for the company 1.62 with P/E ration 14.09 the company has a Market capitalization (total value of a company in the stock market) of approximately 11.64B
VMware Inc. (VMW) is trading at a price of $90.76, a dramatic change of 1.31 with % change of 1.46% ,earnings per share for the company 0.95 with P/E ration 95.73 the company has a Market capitalization (total value of a company in the stock market) of approximately 38.07B
Intl. Business Machine (IBM) is trading at a price of $170.5, a dramatic change of 1.64 with % change of 0.97% ,earnings per share for the company 11.92 with P/E ration 14.31 the company has a Market capitalization (total value of a company in the stock market) of approximately 207.93B
Hewlett-Packard Company (HPQ) is trading at a price of $36.91, a dramatic change of -2.89 with % change of -7.26% ,earnings per share for the company 3.94 with P/E ration 9.38 the company has a Market capitalization (total value of a company in the stock market) of approximately 79.87B
Guidance Software Inc. (GUID) is trading at a price of $7.33, a dramatic change of 0.03 with % change of 0.41% ,earnings per share for the company -0.24 with P/E ration the company has a Market capitalization (total value of a company in the stock market) of approximately 185.56M
Intel Corporation (INTC) is trading at a price of $23.55, a dramatic change of -0.09 with % change of -0.38% ,earnings per share for the company 2.15 with P/E ration 10.97 the company has a Market capitalization (total value of a company in the stock market) of approximately 124.86B
Cisco Systems Inc. (CSCO) is trading at a price of $16.64, a dramatic change of 0.04 with % change of 0.24% ,earnings per share for the company 1.27 with P/E ration 13.08 the company has a Market capitalization (total value of a company in the stock market) of approximately 91.99B
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