Symantec Corporation (SYMC): Share price defining bullish 'flag' consolidation

Filed under: Earnings reports, Microsoft (MSFT), Symantec Corp (SYMC), Technical Analysis, Stocks to Buy

Symantec Corporation (NASDAQ: SYMC) provides software and services that address risks to computer security, information availability, policy compliance and system performance. Its programs protect against viruses, establish firewalls, filter content, detect intrusions, manage remote access and provide virtual private networking. The firm also offers security assessment, consulting and outsourced security management. Symantec has operations in more 40 countries. McAfee (NYSE: MFE) and Microsoft (NASDAQ: MSFT) are major competitors.

The company pleased investors last week, when it reported fiscal Q4 EPS of 36 cents and revenues of $1.55 billion. Analysts had been expecting 34 cents and $1.53 billion. Management also guided Q1 EPS to 34-36 cents (31 cent consensus) and Q1 revenues to $1.555-$1.595 billion ($1.5B consensus).

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