Stock Update: Symantec Corporation (NASDAQ:SYMC) – Symantec says SWIFT malware linked to attack in Philippines

[Reuters] – The malware that was used to steal $81 million from Bangladesh’s central bank has been linked to another cyber attack, this time on a bank in the Philippines, cyber security company Symantec Corp said in a blog post on Thursday. The company said it had identified three pieces of malware that were used in limited targeted attacks against financial institutions in South-East Asia. The initial success of the group that attacked the Bangladesh Central Bank and the Philippines bank could prompt more attacks, Symantec said in the post. Read more on this. Symantec Corporation (SYMC) , with a current market cap of $11.21B, started trading this morning at $17.14. Looking at today’s trading action, the company’s one day range from $17.06 to $17.37 with a trailing 52-week range being $16.14 to $25.03. Priced at 15.97x this year’s forecasted earnings, SYMC shares are relatively expensive compared to the industry’s 7.34x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.30 per share annually in dividends, yielding 1.77%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.25 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.08 is a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $877.96 Million. If reported, that would be a 41.47% decrease over the year-ago quarter. In terms of ratings, Raymond James downgraded SYMC from Outperform to Mkt Perform (Apr 28, 2016). Previously, Goldman Initiated SYMC at to Neutral. With the above information in mind, readers should note that the average price target is $18.95, which is 10.56% above where the stock opened this morning. See more in (NASDAQ:SYMC) Similar Articles: Market Update: Symantec Corporation (NASDAQ:SYMC) – DarkMatter and Symantec to Provide Next-generation Cyber Security Solutions and Services Market Update: Symantec Corporation (NASDAQ:SYMC) – Symantec (SYMC) Stock Boosted by Piper Jaffray’s Optimism Stock Update: Symantec Corporation (NASDAQ:SYMC) – How Silver Lake Saved Symantec Earnings