Stock Update (NYSE:EMC): RSA’s top exec on cyber threats, Dell-EMC merger and why he’s ditching ties

[at American City Business Journals] – Amit Yoran is a self-proclaimed “startup guy” leading one of the world’s oldest and foremost cybersecurity companies — RSA, the security division of data storage giant EMC. “I really believe that what we’re doing is different, that it works, that it can work, that we can make a difference fundamentally, unequivocally,” he said. Read more on this. EMC Corporation (EMC) , currently valued at $49.58B, started trading this morning at $25.93. Looking at today’s market, EMC one day range is $25.50 to $26.00 with a one year range of $22.66 to $30.92. EMC (EMC) shares are currently priced at 14.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.48x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.46 per share annually in dividends, yielding 1.78%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.65 per share, which would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.82 is a $0.08 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.14 Billion. If realized, that would be a 1.28% increase over the year-ago quarter. In terms of ratings, Wells Fargo upgraded EMC from Market Perform to Outperform (Jul 23, 2015). Previously, FBR Capital downgraded EMC from Outperform to Mkt Perform. The average price target for EMC shares is $29.80, which is 14.92% above where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Stock Update: EMC Corporation (NYSE:EMC) – EMC exec predicts job growth after Dell merger Stock Update: EMC Corporation (NYSE:EMC) – What Is the Risk-Reward Ratio in the EMC-Dell Merger? Stock Update: EMC Corporation (NYSE:EMC) – Why Dell may have got a bargain with EMC