Dallas, Texas 05/08/2014 (FINANCIALSTRENDS) – Security, backup, and availability solutions provider, Symantec Corporation (NASDAQ:SYMC) is scheduled to release its 4Q14 earnings today on May 8, 2014 at 04:00 p.m. EDT. During 3Q14 the company delivered 23.08% positive earnings and better than expected results and hence expectations would be certainly high to see some better earnings during 4Q14 as well.
Factors to Consider:
When Symantec Corporation (NASDAQ:SYMC) announced its 3Q14 earnings, it surprised the street as re-organization of the sales strategy boosted operating margins which in turn positively supported net income. However, given the lower than expected demand, revenues across all its segments were decreased. Despite strong 3Q14 results, the company retained tepid outlook for 4Q14 earnings. However, its fiscal year guidance for FY14 was certainly encouraging.
The bottom line of the company during 3Q14 was mainly aided by realignment of the organizational structure where it eliminated several mid-level management positions. The company also initiated with sales force reorganizations which, however, have not yet yielded the desired results. Moreover, sales got impacted because of disruptions in customer relationships.
Equities research analysts at Zacks believe that Symantec Corporation (NASDAQ:SYMC)’s authentication as well as managed security services will lend some support to its 4Q14 top line growth. Analysts also mentioned that Symantec’s continued investments towards developing new and innovative products are also expected to have some impact on the margins in the near term. Early this week the company already announced launch of two new products which will offer Advanced Threat Protection through Symantec’s demonstrated security innovation power to help customers solve their most complex problems.
However, Symantec’s User Productivity and Production segment is expected to face some over the uncertainly in PC sales as well as competition from Intel Corporation (NASDAQ:INTC) and Microsoft Corporation (NASDAQ:MSFT).
Yesterday, Symantec’s closed at $20.22, gaining 0.65% from its previous close.