Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
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Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Phone650-527-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$4.73 billion
Profitability
Miscellaneous
Employees11,900
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
Symantec (NASDAQ:SYMC) Frequently Asked Questions
What is Symantec's stock symbol?
Symantec trades on the NASDAQ under the ticker symbol "SYMC."
How often does Symantec pay dividends? What is the dividend yield for Symantec?
Symantec declared a quarterly dividend on Thursday, August 8th. Shareholders of record on Monday, August 26th will be paid a dividend of $0.075 per share on Wednesday, September 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, August 23rd. View Symantec's Dividend History.
How were Symantec's earnings last quarter?
Symantec Co. (NASDAQ:SYMC) issued its quarterly earnings results on Thursday, August, 8th. The technology company reported $0.43 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.11. The technology company earned $1.25 billion during the quarter, compared to the consensus estimate of $1.19 billion. Symantec had a return on equity of 14.94% and a net margin of 2.43%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. View Symantec's Earnings History.
When is Symantec's next earnings date?
What guidance has Symantec issued on next quarter's earnings?
Symantec issued an update on its second quarter earnings guidance on Thursday, August, 8th. The company provided earnings per share (EPS) guidance of $0.40-0.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.43. The company issued revenue guidance of $11.16-1.21 billion, compared to the consensus revenue estimate of $1.19 billion.
What price target have analysts set for SYMC?
17 brokerages have issued 12-month price objectives for Symantec's shares. Their forecasts range from $19.00 to $28.00. On average, they expect Symantec's share price to reach $22.5385 in the next twelve months. This suggests that the stock has a possible downside of 4.1%. View Analyst Price Targets for Symantec.
What is the consensus analysts' recommendation for Symantec?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symantec in the last year. There are currently 13 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Symantec.
What are Wall Street analysts saying about Symantec stock?
Here are some recent quotes from research analysts about Symantec stock:
- 1. Robert W. Baird analysts commented, "We believe ZS, CBLK, and CrowdStrike are the greatest beneficiaries of this market shift." (5/28/2019)
- 2. According to Zacks Investment Research, "Symantec suffered weak Q4 results wherein both earnings and revenues fell on a year-over-year basis. The company is hurt by a drop in the enterprise bookings, softening its Enterprise Security segment. Low ProxySG refresh cycle and tepid sales of cloud proxy, Web Security Services, mailnly due to competition loss to Zscale, is a concern. Further, rising costs in the Enterprise business are expected to keep margins under pressure in the near term. Also, leak guidance provided by the company and the abrupt departure of CEO Greg Clark are likely to leave the stock stressed. Shares of the company have underperformed the industry year to date. However, solid demand for cybersecurity-related products and an increase in the global IT security spending due to menacingly growing global hacking events are a positive. Moreover, Symantec's innovative products and solutions will help it win customers, thereby increasing its business volume." (5/15/2019)
- 3. Evercore ISI analysts commented, "We continue to believe that the company’s enterprise segment faces a number of competitive challenges (as we outlined in our preview) and with continued erosion (enterprise billings down ~8% ytd and down 3.5% y/y this quarter ex WSS/PKI) we do not believe the business has stabilized. Further, non-GAAP operating margins of 15.9% in the quarter do not sufficiently make up for the lack of growth. On the consumer side, billings growth continues to be anemic at 2% y/y but is an improvement over flattish growth in 1HF19 while maintaining high operating margins (~49% in the quarter). During MSFT’s F2Q19 report the company highlighted continuing PC market headwinds. While this is not a new phenomenon, SYMC’s Norton business remains exposed." (2/4/2019)
Has Symantec been receiving favorable news coverage?
News articles about SYMC stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Symantec earned a news impact score of -2.3 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Symantec.
Who are some of Symantec's key competitors?
Some companies that are related to Symantec include ServiceNow (NOW), Shopify (SHOP), Dassault Systemes (DASTY), Activision Blizzard (ATVI), Autodesk (ADSK), Electronic Arts (EA), Square (SQ), Veeva Systems (VEEV), Synopsys (SNPS), Cadence Design Systems (CDNS), Crowdstrike (CRWD), Splunk (SPLK), CA (CA), ANSYS (ANSS) and Twilio (TWLO).
What other stocks do shareholders of Symantec own?
Who are Symantec's key executives?
Symantec's management team includes the folowing people:
- Mr. Nicholas R. Noviello C.P.A., Exec. VP & CFO (Age 50)
- Mr. Scott C. Taylor, Exec. VP, Gen. Counsel & Sec. (Age 55)
- Mr. Richard S. Hill, Director, Interim Pres & CEO (Age 67)
- Mr. Matthew Charles Brown, VP of Fin. & Chief Accounting Officer (Age 38)
- Dr. Hugh Thompson, Sr. VP & Chief Technology Officer
Who are Symantec's major shareholders?
Symantec's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (15.33%), Vanguard Group Inc. (10.76%), BlackRock Inc. (6.84%), Starboard Value LP (6.15%), Beutel Goodman & Co Ltd. (1.95%) and Invesco Ltd. (1.79%). Company insiders that own Symantec stock include Amy L Cappellanti-Wolf, Anita M Sands, Francis C Rosch, Gregory S Clark, Matthew Charles Brown, Nicholas R Noviello, Peter A Feld, Roxane Divol, Samir Kapuria, Scott C Taylor and Suzanne M Vautrinot. View Institutional Ownership Trends for Symantec.
Which major investors are selling Symantec stock?
SYMC stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Man Group plc, Renaissance Technologies LLC, Balyasny Asset Management LLC, Prudential Financial Inc., First Trust Advisors LP, BlackRock Inc. and Vanguard Group Inc.. Company insiders that have sold Symantec company stock in the last year include Amy L Cappellanti-Wolf, Gregory S Clark, Matthew Charles Brown, Nicholas R Noviello, Samir Kapuria and Suzanne M Vautrinot. View Insider Buying and Selling for Symantec.
Which major investors are buying Symantec stock?
SYMC stock was purchased by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Beutel Goodman & Co Ltd., Wells Fargo & Company MN, Nuveen Asset Management LLC, Starboard Value LP, Carlson Capital L P, Panagora Asset Management Inc. and Strs Ohio. View Insider Buying and Selling for Symantec.
How do I buy shares of Symantec?
Shares of SYMC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Symantec's stock price today?
One share of SYMC stock can currently be purchased for approximately $23.51.
How big of a company is Symantec?
Symantec has a market capitalization of $14.53 billion and generates $4.73 billion in revenue each year. The technology company earns $31 million in net income (profit) each year or $1.17 on an earnings per share basis. Symantec employs 11,900 workers across the globe.View Additional Information About Symantec.
What is Symantec's official website?
How can I contact Symantec?
Symantec's mailing address is 350 ELLIS STREET, MOUNTAIN VIEW CA, 94043. The technology company can be reached via phone at 650-527-8000.
MarketBeat Community Rating for Symantec (NASDAQ SYMC)
MarketBeat's community ratings are surveys of what our community members think about Symantec and other stocks. Vote "Outperform" if you believe SYMC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SYMC will underperform the S&P 500 over the long term. You may vote once every thirty days.
