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Test Number : ST0-47W
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Vendor Name : Symantec
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Symantec for Question Bank

Cybersecurity business Symantec is set to supply investors the latest information | ST0-47W exam Questions and Study Guide

Symantec's (NASDAQ: SYMC) fantastic inventory market rally abruptly halted final November after a mixed fiscal second-quarter file. The cybersecurity expert topped analysts' income estimate but fell short of Wall road's income expectations, and weaker-than-expected counsel delivered to its woes.

however there became greater to Symantec's effects than what met the eye. The business had divested one in every of its underperforming company instruments and had stepped up its advertising efforts in a bid to take potential of a couple of excessive-profile statistics breaches. still, the market remains unconvinced about Symantec's capability to get returned heading in the right direction, with the stock about the place it turned into a yr in the past.

funding banking firms Jefferies and credit score Suisse have downgraded the stock these days, mentioning that the enterprise could be unable to obtain its own tips in future quarters. but Symantec can prove them wrong when it releases its fiscal third-quarter outcomes on Jan. 31.

A blue guard with numbers in the heritage.

photo source: Getty pictures.

The headline numbers

In February remaining 12 months, Symantec paid $2.3 billion to purchase LifeLock, which gives identity theft insurance policy, so it's going to delight in a good revenue and income evaluation to the prior-year duration just in keeping with that. Wall street expects Symantec's income to increase sixteen.3% yr over 12 months to $1.27 billion, with salary anticipated to go as much as $0.44 per share from remaining yr's $0.32 a share.

These estimates sit right according to the business's personal expectations, so it wouldn't have a whole lot issue in meeting them. but all eyes will be on the advice, and the enterprise must deliver on this entrance if it desires to get lower back into traders' first rate graces.

The guidance might be essential

Symantec shares have been beneath force this month after some Wall highway analysts observed that the enterprise's tips for the current yr is unachievable. The business has already decreased its information once this year, however there have been legitimate factors for that.

Story continues

Symantec achieved the sale of its web site security enterprise for $950 million on Oct. 31, which falls in its third quarter. It had to alter its quarterly counsel to account for this since this enterprise provided $203 million in income during the first six months of the year. Then once more, the LifeLock identity theft insurance policy company got a shot in the arm after the Equifax information breach.

Symantec notion it most fulfilling to capitalize on this opportunity, so it boosted its sales and advertising spend with the aid of 28% within the 2nd quarter. This hurt the bottom line in the quarter, but traders deserve to appear beyond these short-term pains as Symantec is setting itself up to take expertise of secular developments in the cybersecurity market.

Symantec estimates that hackers stole an estimated $172 billion from 978 million patrons throughout 20 nations in 2017. The U.S. by myself reportedly saw 143 million individuals fall prey to cybercrime, leading to losses of $19.four billion. through comparison, 15.4 million consumers have been id theft victims within the U.S. in 2016, with losses pegged at $16 billion, in accordance with Javelin strategy & analysis.

looking forward, identification theft could retain increasing on account of emerging tech tendencies such because the cyber web of things, if you want to permit hackers to steal statistics from new web-connected devices. because of this, demand for functions such as LifeLock's can be on the rise, boosting Symantec's business and its opportunities to pass-sell more to shoppers.

as an example, Symantec has launched a crusade to pass-promote its Norton antivirus and spyware elimination utility to LifeLock customers. The respectable information is that this initiative has gained "strong early traction," in line with CEO Greg Clark.

It makes experience to disregard the brief-term noise as a result of Symantec is capable of getting superior ultimately and the earnings record will provide traders a numbers-based study how things are going.

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