EMC Corp. (EMC) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
EMC Corp. (NYSE:EMC) released its earnings data on Wednesday. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.01, AR Network reports. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.64 billion.
EMC Corp. (NYSE:EMC) opened at 25.38 on Wednesday. EMC Corp. has a 52-week low of $21.45 and a 52-week high of $27.34. The stock has a 50-day moving average of $24.98 and a 200-day moving average of $25.22. The company has a market cap of $52.228 billion and a P/E ratio of 20.28. EMC Corp. also was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 57,540 call options on the stock. This is an increase of approximately 213% compared to the average volume of 18,400 call options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of EMC Corp. in a research note to investors on Wednesday, January 22nd. On a related note, analysts at Argus reiterated a “buy” rating on shares of EMC Corp. in a research note to investors on Friday, January 17th. They now have a $30.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of EMC Corp. in a research note to investors on Tuesday, January 14th. They set a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.48.
EMC Corporation (NYSE:EMC), and its subsidiaries develop, deliver and support the Information Technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.
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