Symantec Corp. (SYMC) reported fiscal second-quarter earnings per share of 36 cents, exceeding the Zacks Consensus Estimate of 29 cents.   Revenues   Symantec reported second-quarter GAAP net revenues of $1.47 billion, down 3% from $1.51 billion reported in the year-ago quarter. Non-GAAP revenues for the quarter were $1.48 billion, down 3% from $1.52 billion reported in the year-ago quarter. The revenue decline can be mainly attributed to a decline in Licenses revenue.   Coming to revenue segments, Content, subscription and maintenance revenues for the quarter was $1.25 billion, up 6.2% from $1.18 billion reported in the year-ago quarter. Licenses revenues for the quarter was $220 million, down 34.7% from the year-ago quarter. This substantial decline in license sales occurred as a result of customers limiting their purchases of licenses to current needs, setting aside purchases for future needs. In addition, server market deceleration has negatively affected the ...

EMC Corp.’s (EMC) third quarter results exceeded the Zacks Consensus Estimates as well as the company’s own expectations. Although results were down from the year-ago period, there was sequential improvement due to cost-cutting efforts and a recovery in corporate IT spending.   Revenues of $3.52 billion for the quarter were above the Zacks Consensus Estimate of $3.48 billion. Although revenues declined 5.3% year over year, it increased 8% from last quarter. The revenue increase was above management’s expectation of a growth of 4% to 5% or between $3.32 billion to $3.36 billion.   The sequential revenue growth is mainly attributable to the continued focus on technology, increased execution efforts and operational efficiencies. Moreover, VMware (VMW), which is majority-owned by EMC, contributed third-quarter revenues of $489 million.   The year-over-year revenue decline was due to lower Product sales (62.6% of total revenue), which was down 11.7% from last year

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Headquartered in Hopkinton, Massachusetts, EMC Corp. (EMC) is set to release its third-quarter earnings before the market opens on Thursday. The company holds a leadership position in the storage hardware and software segment and is a leading provider of data storage systems.  The company expects some sequential improvement in the quarter, with the strongest quarterly growth in the fourth. Consolidated revenue is expected to increase 2.0% to 3.0% sequentially or between $3.32 billion to $3.36 billion, excluding revenues from the acquisition of Data Domain (DDUP). Including the acquisition of Data Domain, consolidated EMC revenue is expected to increase by 4.0% to 5.0% sequentially.  For the full year 2009, management expects consolidated revenues at $13.80 billion, including $200.0 million of revenues from Data Domain. Excluding one-time items, pro forma EPS is expected to be 82 cents. This compares to earnings of $1.04 on sales of $14.88 billion ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Acuity Brands Inc (AYI) Administaff Inc (ASF) Advanta Corp (ADVNB) Aetna Inc (AET) American International Group Inc (AIG) Ametek Inc (AME) Belden Inc (BDC) Conmed Corp (CNMD) Developers Diversified Realty Corp (DDR) Dun & Bradstreet Corp (DNB) Exterran Holdings Inc (EXH) Flir Systems Inc (FLIR) FMC Corp (FMC) Gardner Denver Inc (GDI) Granite Construction Inc (GVA) The Hain Celestial Group Inc (HAIN) Harsco Corp (HSC) ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Ada-es Inc (ADES) Aircastle Ltd (AYR) Akzo Nobel NV (AKZOY) China Green Agriculture Inc (CGA) Concurrent Computer Corp (CCUR) Dun & Bradstreet Corp (DNB) Exterran Holdings Inc (EXH) Fairpoint Communications Inc (FRP) First Community Bancshares Inc (FCBC) Goldleaf Financial Solutions Inc (GFSI) Lufkin Industries Inc (LUFK) MGIC Investment Corp (MTG) Monsanto Co (MON) Net17 1 Ueps Technologies Inc (UEPS) Omnicare Inc (OCR) Otter Tail Corp (OTTR) PetSmart Inc ...

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Tuesday August 25, 2009

PennyOmega.com Stock Report!

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Kenexa (NASDAQ: KNXA), a global provider of business solutions for human resources, today announced the details of the 2009 Kenexa World Conference, which will be held Tuesday, September 15 through Friday, September 18, 2009 in Dallas, Texas. Exceed ‘09, the fourth annual Kenexa World Conference, will provide attendees with a forum for discussing how to go beyond the traditional roles of human resources. Kenexa’s successful World Conferences draw hundreds of HR professionals from across the globe annually.

As part of NetApp’s cloud computing news announcements today, NetApp (NASDAQ: NTAP) highlighted its close relationships with industry-leading Information Technology (IT) vendors and

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The following is a list of the S&P 500 firms where the analysts have been cutting their expectations for the current fiscal year the most over the last month. Most likely these firms reported disappointing earnings or gave negative guidance on their conference calls.

Historically, you have not wanted to be invested in companies where the analysts who follow them most closely see the earnings prospects diminishing. Also, estimates in motion tend to remain in motion. The first bit of bad news is rarely the last (the cockroach theory). This means that the current expectations, even though down from last month, are probably still to high for these firms.

To weed out anomalies, only those firms that are currently expected to earn more than $0.50 in 2009 are included and only those firms where there are a minimum of three estimates in the system.

If you have these stocks in your portfolio,

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Symantec Corp. has evolved to become one of the world’s largest software companies by providing security, storage and systems management solutions. They help their customers secure and manage their information against more risks at more points, more completely and efficiently than any other company.

In order to stay ahead of the ever changing technology world, Symantec has made great strides to help reduce cost and complexity to its customers by exploring such areas as virtualization and SaaS. Symantec offers its customers a more in depth level of protection with services ranging from: a consumer’s online identity and interactions to protecting an organization’s mission-critical data.

Symantec offers best-of-breed security, backup and recovery, data availability and data loss prevention products to its customers. They help to not only standardize and automate the way policies are enforced, but they lead the way with products ranging from the all-in-one Norton security to an integrated

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Animal Health International Inc (AHII) Answers Corp (ANSW) AvalonBay Communities Inc (AVB) Ducommun Inc (DCO) Dun & Bradstreet Corp (DNB) Enzon Pharmaceuticals Inc (ENZN) EZCORP Inc (EZPW) Genesee & Wyoming Inc (GWR) Granite Construction Inc (GVA) Hornbeck Offshore Services Inc (HOS) HQ Sustainable Maritime Industries Inc (HQS) Huron Consulting Group (HURN) James River Coal Co (JRCC) King Pharmaceuticals Inc (KG) LaBranche & Co Inc (LAB) Legacy Bancorp Inc (LEGC) ...

DrStockPick.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Tuesday, July 21, 2009

Tuesday, July 21, 2009

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Symantec Corp. (NASDAQ: SYMC) today announced that Tennessee-based employee benefits provider Unum uses Symantec software and services to secure its IT infrastructure and effectively address compliance-related requirements around email retention and discovery. Symantec has helped Unum prevent a network disruption as a result of a malicious intrusion in more than five years, significantly reduce IT costs, and comply with laws and regulations governing the security of confidential business information including the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act (HIPAA). 3PAR® (NYSE: PAR), the leading global provider of utility storage, announced today the 3PAR Cloud-Agile program, a new partnership initiative to promote the adoption of cloud computing and cloud-based

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