SYMC is changing the whole biz model. Moving from a a/v consumer to a enterprise security co. They have been phasing out lower margin biz, to increase the margin. So the revs growth is 27% for next year (down ffrom the 30%) the EPS is up to 2.90.
With these numbers a PEG of 1 will give us 78.3 A lot of irrational trading going on in this market, when sanity returns... the person who took advatage of the low prices will be fine.
Bub; Thanks for the clarication. Irrational is appropriate, I would say. At any other time n recent memory, earnings reports like those of SYMC, would have been rewarded, rather than punished as it seems to be in extended trading. I'm in for the long haul w/ SYMC; & I believe in its vision, its management; & the growth potential of its sector. IMHO, patience will be rewarded w/ SYMC