Stock Update (NYSE:EMC): EyeVerify Collaborates With RSA(R) to Provide Eye-Based Biometric Authentication

EMC Corporation (NYSE:EMC) [Marketwired] – EyeVerify, Inc., announces that RSA, The Security Division of EMC , has integrated Eyeprint ID into the RSA® Adaptive Authentication Software Development Kit for mobile applications. The integration provides …
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EMC Corporation (EMC), with a current market cap of $50.68B, opened at $26.07.
Looking at today’s market, EMC one day range is $26.02 to $26.30 with a one year range of $22.66 to $30.92.
Priced at 14.26x this year’s forecasted earnings, EMC shares are relatively expensive compared to the industry’s 13.52x forward p/e ratio.
And for those looking to make a return holding the stock, the company pays shareholders $0.46 per share annually in dividends, yielding 1.76%.
Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.66 per share, which would be $0.03 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.83, which would be a $0.07 worse when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.19 Billion. If reported, that would be a 1.99% increase over the year-ago quarter.
Recently, Wells Fargo upgraded EMC from Market Perform to Outperform (Jul 23, 2015). Previously, FBR Capital downgraded EMC from Outperform to Mkt Perform.
With the above information in mind, readers should note that the average price target is $29.83, which is 14.42% above where the stock opened this morning.
Summary (NYSE:EMC):  EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, as well as provides a portfolio of backup products that support a range of enterprise application workloads. The company also offers security solutions that are engineered to provide customers the ability to detect, investigate, and respond to advanced threats; confirm and manage identities; and prevent intellectual property theft, fraud, and cybercrime. In addition, it provides enterprise software and cloud solutions, including EMC Documentum portfolio, which offers information, content management, enterprise archiving, and customer communications; and EMC Syncplicity, which provides secure online file synchronization, sharing, and collaboration. Further, the company provides Pivotal Big Data Suite, a subscription-based software, support, and maintenance package; Pivotal Labs that utilize pair programming methodology to teach customers to build next generation software; and Pivotal Cloud Foundry, an open source, cloud-independent platform-as-a-service. Additionally, it offers virtualization infrastructure solutions, which include a suite of products and services designed to deliver a software-defined data center, run on industry-standard desktop computers and servers, and support a range of operating system and application environments, as well as networking and storage infrastructures. The company also provides installation, professional, software and hardware maintenance, and training services. EMC Corporation markets its products through various distribution channels, as well as directly worldwide. The company was founded in 1979 and is headquartered in Hopkinton, Massachusetts.

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Tom Hames

JG Staff

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