Symantec Stock Price, News & Analysis (NASDAQ:SYMC)

$23.88
-0.10 (-0.42 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$23.7949
Now: $23.88
$24.0750
50-Day Range
$20.35
MA: $23.18
$24.55
52-Week Range
$17.42
Now: $23.88
$26.07
Volume5.80 million shs
Average Volume5.85 million shs
Market Capitalization$14.76 billion
P/E Ratio20.41
Dividend Yield1.25%
Beta1.3
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. Read More…

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$4.73 billion
Cash Flow$2.1572 per share
Book Value$8.98 per share

Profitability

Net Income$31 million

Miscellaneous

Employees11,900
Market Cap$14.76 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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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. Stockholders 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 dividend yield of 1.26%. 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) announced its quarterly earnings data on Thursday, August, 8th. The technology company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.11. The technology company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.19 billion. Symantec had a net margin of 2.43% and a return on equity of 14.94%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. View Symantec's Earnings History.

When is Symantec's next earnings date?

Symantec is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Symantec.

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 guidance of $0.40-0.44 for the period, compared to the Thomson Reuters consensus EPS 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?

14 equities research analysts have issued 12 month target prices for Symantec's stock. Their predictions range from $19.00 to $28.00. On average, they expect Symantec's stock price to reach $22.7273 in the next twelve months. This suggests that the stock has a possible downside of 4.8%. View Analyst Price Targets for Symantec.

What is the consensus analysts' recommendation for Symantec?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symantec in the last year. There are currently 12 hold ratings and 2 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 trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Symantec earned a daily sentiment score of -1.3 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Symantec.

Are investors shorting Symantec?

Symantec saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 9,507,600 shares, an increase of 9.8% from the July 31st total of 8,655,700 shares. Based on an average trading volume of 9,550,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.6% of the shares of the company are short sold. View Symantec's Current Options Chain.

Who are some of Symantec's key competitors?

What other stocks do shareholders of Symantec own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Symantec investors own include Micron Technology (MU), NVIDIA (NVDA), AT&T (T), Intel (INTC), Cisco Systems (CSCO), Netflix (NFLX), Advanced Micro Devices (AMD), Adobe (ADBE), Starbucks (SBUX) and Oracle (ORCL).

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 investors include Price T Rowe Associates Inc. MD (15.33%), Vanguard Group Inc. (10.76%), BlackRock Inc. (6.84%), BlackRock Inc. (6.83%), Starboard Value LP (6.15%) and Beutel Goodman & Co Ltd. (1.95%). Company insiders that own Symantec stock include Amy L Cappellanti-Wolf, Francis C Rosch, Gregory S Clark, Matthew Charles Brown, Nicholas R Noviello, Peter A Feld, 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 BlackRock 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 bought by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Nomura Holdings Inc., Beutel Goodman & Co Ltd., Wells Fargo & Company MN, Nuveen Asset Management LLC, Starboard Value LP, Carlson Capital L P and Panagora Asset Management 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, Robinhood, Fidelity and Charles Schwab.

What is Symantec's stock price today?

One share of SYMC stock can currently be purchased for approximately $23.88.

How big of a company is Symantec?

Symantec has a market capitalization of $14.76 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?

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:  711 (Vote Outperform)
Underperform Votes:  835 (Vote Underperform)
Total Votes:  1,546
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 9/21/2019 by MarketBeat.com Staff

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