Stock Update: EMC Corporation (NYSE:EMC) – NBC Olympics Selects EMC And Presidio To Provide Data Storage For Production Of 2016 Olympic Games In Rio

[PR Newswire] – HOPKINTON, Mass., April 18, 2016 /PRNewswire/ — NBC Olympics, a division of the NBC Sports Group, has selected EMC Corporation (EMC) and Presidio to support media workflows for its production of the Games of the XXXI Olympiad, which take place in Rio de Janeiro, Brazil, from August 5 – August 21, 2016. The announcement was made today by Timothy Canary, Vice President Engineering, NBC Sports Group. NBC Olympics will deliver digital content to global audiences through multiple outlets to support coverage of the Rio Olympics. Read more on this. EMC Corporation (EMC) , with a current market cap of $49.91B, started the session at $25.44. Today, shares have traded between $25.44 and $25.62 per share with its 52-week range being $22.66 to $28.77. EMC shares are currently priced at 13.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.66x earnings multiple. And for passive income investors, the company pays shareholders $0.46 per share annually in dividends, yielding 1.80%. According to a consensus of 29 analysts, the earnings estimate of $0.33 per share would be $0.02 better than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.87, which would be a $0.05 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.64 Billion. If reported, that would be a 0.53% increase over the year-ago quarter. In terms of ratings, Raymond James downgraded EMC from Strong Buy to Outperform (Apr 7, 2016). Previously, Maxim Group upgraded EMC from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $28.45, which is 11.83% above than it opened this morning. See more in (NYSE:EMC) Similar Articles: Company Update: AT&T Inc (NYSE:T) – AT&T Continues as Integrated Solutions Provider to NBC Olympics for Rio 2016 Games Company Update (NYSE:EMC): Pure Storage Faces Tough Battle Against EMC, NetApp Stock Update (NYSE:EMC): EyeVerify Collaborates With RSA(R) to Provide Eye-Based Biometric Authentication