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Tuesday, May 7
Symantec (SYMC) -6.2% AH after guiding on its FQ4 call for FQ1 revenue of $1.61B-$1.65B and EPS...
Symantec (SYMC) -6.2% AH after guiding on its FQ4 call for FQ1 revenue of $1.61B-$1.65B and EPS of $0.35-$0.36, below a consensus of $1.7B and $0.44. Symantec is also forecasting FY14 EPS growth of 5%-7%, below a consensus of 8.5%. Are share losses to upstarts such as CommVault (CVLT) and Veeam taking a toll? Today, CommVault posted an FQ4 beat on the back of 21% Y/Y rev. growth, and stated on its earnings call it's comfortable with the Street's revenue forecasts (consensus is for 15% growth). Of course, CommVault also said it's worried about an "apparent near-term slowdown in tech spending" (many peers would concur).