NASDAQ:SYMC - Symantec Stock Price, News, & Analysis

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$23.15 +0.16 (+0.70 %)
(As of 02/18/2019 02:58 AM ET)
Previous Close$23.15
Today's Range$23.03 - $23.3150
52-Week Range$17.42 - $29.20
Volume4.66 million shs
Average Volume6.67 million shs
Market Capitalization$14.80 billion
P/E Ratio24.37
Dividend Yield1.30%
Beta1.05
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. It also offers consulting, premium support, and cyber security services. The Consumer Digital Safety segment provides Norton Security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers, as well as Norton Wi-Fi Privacy services. The company serves business, government, and public-sector customers; small, medium, and large enterprises; and individuals, households, and small businesses. It markets and sells its products and related services through direct sales force, direct marketing and co-marketing programs, e-commerce and telesales platforms, distributors, Internet-based resellers, system builders, Internet service providers, employee benefits providers, wireless carriers, retailers, original equipment manufacturers, and retail and online stores. Symantec Corporation has strategic alliance with Ernst & Young LLP to help organizations address intellectual property and data, as well as manage cyber risk. The company was founded in 1982 and is headquartered in Mountain View, California.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Current SymbolNASDAQ:SYMC
CUSIP87150310
Phone650-527-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.85 billion
Cash Flow$2.0670 per share
Book Value$9.24 per share

Profitability

Net Income$1.14 billion

Miscellaneous

Employees11,800
Market Cap$14.80 billion
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 announced a quarterly dividend on Thursday, January 31st. Investors of record on Tuesday, February 19th will be paid a dividend of $0.075 per share on Wednesday, March 13th. This represents a $0.30 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, February 15th. View Symantec's Dividend History.

How were Symantec's earnings last quarter?

Symantec Co. (NASDAQ:SYMC) released its earnings results on Thursday, January, 31st. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.39 by $0.05. The technology company earned $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. Symantec had a negative net margin of 0.86% and a positive return on equity of 13.24%. During the same quarter in the prior year, the business earned $0.49 earnings per share. View Symantec's Earnings History.

When is Symantec's next earnings date?

Symantec is scheduled to release their next quarterly earnings announcement on Thursday, May 9th 2019. View Earnings Estimates for Symantec.

What guidance has Symantec issued on next quarter's earnings?

Symantec updated its FY19 earnings guidance on Thursday, January, 31st. The company provided EPS guidance of $1.57-$1.61 for the period, compared to the Thomson Reuters consensus estimate of $1.54. The company issued revenue guidance of $4.760-$4.790 billion, compared to the consensus revenue estimate of $4.74 billion.Symantec also updated its Q4 guidance to $0.37-$0.41 EPS.

What price target have analysts set for SYMC?

22 analysts have issued 12 month price objectives for Symantec's shares. Their predictions range from $18.85 to $33.00. On average, they expect Symantec's share price to reach $22.4567 in the next twelve months. This suggests that the stock has a possible downside of 3.0%. View Analyst Price Targets for Symantec.

What is the consensus analysts' recommendation for Symantec?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symantec in the last year. There are currently 2 sell ratings, 17 hold ratings and 3 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. 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)
  • 2. According to Zacks Investment Research, "Symantec is benefiting from continued strength in its consumer business. Moreover, the company reiterated its outlook for fiscal 2019, which is likely to ease concerns as the company had cut the guidance in fiscal first quarter. Moreover, key customer wins for Cloud Proxy, Cloud Access Security Broker, and cloud e-mail offerings are a positive. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has positive record of earnings surprises in recent quarters. However, increased competition from bellwethers like Microsoft and Intel is a concern. Changing customer spending behavior and execution risks remain other key challenges. Moreover, Execution risks remain on the restructuring initiatives undertaken by Symantec. Shares underperformed the industry in the past year." (2/2/2019)
  • 3. Robert W. Baird analysts commented, "We continue to slant positive on shares as investors gain confidence in underlying Enterprise growth of mid-single- digits and low levels of customer attrition in Consumer. Visibility into low double-digit EPS growth and meaningful FCF growth in FY20 is improving. We view Symantec shares as decreasingly risky and an attractive large-cap value play for investors seeking exposure to secular growth in the security market." (2/1/2019)

Has Symantec been receiving favorable news coverage?

Headlines about SYMC stock have trended somewhat positive recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Symantec earned a news sentiment score of 1.4 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.

Are investors shorting Symantec?

Symantec saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 10,682,009 shares, a decrease of 14.8% from the January 15th total of 12,541,303 shares. Based on an average daily volume of 6,232,699 shares, the short-interest ratio is currently 1.7 days. Currently, 1.7% of the company's shares are short sold. View Symantec's Current Options Chain.

Who are some of Symantec's key competitors?

Who are Symantec's key executives?

Symantec's management team includes the folowing people:
  • Mr. Gregory S. Clark, Pres, CEO & Director (Age 54)
  • Mr. Nicholas R. Noviello C.P.A., Exec. VP & CFO (Age 50)
  • Mr. Scott C. Taylor, Exec. VP, Gen. Counsel & Sec. (Age 55)
  • Mr. Matthew 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 number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.62%), CI Investments Inc. (1.60%), Geode Capital Management LLC (1.35%), Northern Trust Corp (1.10%), First Trust Advisors LP (1.00%) and Beutel Goodman & Co Ltd. (0.81%). Company insiders that own Symantec stock include Amy L Cappellanti-Wolf, Anita M Sands, Francis C Rosch, Gregory S Clark, Mark S Garfield, Michael David Fey, Nicholas R Noviello, Roxane Divol, Samir Kapuria, Scott C Taylor and Suzanne M Vautrinot. View Institutional Ownership Trends for Symantec.

Which institutional investors are selling Symantec stock?

SYMC stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Two Sigma Investments LP, Geode Capital Management LLC, Assenagon Asset Management S.A., ETF Managers Group LLC, United Services Automobile Association, Los Angeles Capital Management & Equity Research Inc. and California Public Employees Retirement System. Company insiders that have sold Symantec company stock in the last year include Amy L Cappellanti-Wolf, Francis C Rosch, Samir Kapuria, Scott C Taylor and Suzanne M Vautrinot. View Insider Buying and Selling for Symantec.

Which institutional investors are buying Symantec stock?

SYMC stock was bought by a variety of institutional investors in the last quarter, including CI Investments Inc., Bank of Nova Scotia, BlackRock Inc., Oregon Public Employees Retirement Fund, Beutel Goodman & Co Ltd., Crosslink Capital Inc., Mackay Shields LLC and Nomura Holdings Inc.. 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 $23.15.

How big of a company is Symantec?

Symantec has a market capitalization of $14.80 billion and generates $4.85 billion in revenue each year. The technology company earns $1.14 billion in net income (profit) each year or $0.95 on an earnings per share basis. Symantec employs 11,800 workers across the globe.

What is Symantec's official website?

The official website for Symantec is http://www.symantec.com.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  660 (Vote Outperform)
Underperform Votes:  779 (Vote Underperform)
Total Votes:  1,439
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.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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