CHICAGO, Jan. 29, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Symantec Corp. (Nasdaq: SYMC), Intuit Inc. (Nasdaq: INTU), General Electric Co. (NYSE: GE), NetSol Technologies Inc. (Nasdaq: NTWK) and Compuware Corp. (Nasdaq: CPWR).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Monday's Analyst Blog:
Symantec Upgraded to Strong Buy
On Jan 26, 2013, Zacks Investment Research upgraded Symantec Corp. (Nasdaq: SYMC) to a Zacks Rank #1 (Strong Buy).
With a decent return of 38.9% over the past 6-months and a positive estimate revision trend, this provider of security solutions is an attractive investment opportunity.
Why the Upgrade?
An upbeat third quarter 2013, solid restructuring plans to boost margins and plans to return 50.0% of free cash flow through share buyback and dividends have contributed to the upgrade.
Symantec reported third quarter earnings per share of 40 cents, ahead of the Zacks Consensus Estimate of 33 cents and up 2.6% from the year-ago quarter.
Revenues grew 4.4% year over year to $1.79 billion, supported by good performance across geographies and segments.
Margins were lackluster due to higher operating costs. But solid cash position, unchanged debt position and continued share repurchase were the quarter's positives.
There was no explicit guidance disclosed during the earnings call. However, the company announced plans to increase focus on growing organic revenues and return 50.0% of free cash flow through share buybacks and dividend payouts.
The company's newly appointed CEO, Steve Bennett, who had been associated with Intuit Inc. (Nasdaq: INTU) and General Electric Co. (NYSE: GE), also announced plans to lay off managers and staff across certain operating divisions in order to boost operating margins. On the other hand, management stated that research and development expenses would increase on account of new product launches.
Post earnings release, only one estimate was revised upward for fiscal 2013 in the last 7 days, leaving the Zacks Consensus Estimate of $1.47 unchanged.
For the past four quarters, the company has posted an average surprise of 10.5%. Considering the organizational and strategic changes by the CEO, Symantec has the potential to post a positive earnings surprise in the upcoming quarter.
Other Stocks to Consider:NetSol Technologies Inc. NTWK Compuware Corp. CPWR
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.