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

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$23.09 -0.15 (-0.65 %)
(As of 11/18/2018 02:14 PM ET)
Previous Close$23.09
Today's Range$22.61 - $23.31
52-Week Range$17.49 - $29.73
Volume5.15 million shs
Average Volume12.52 million shs
Market Capitalization$14.75 billion
P/E Ratio24.31
Dividend Yield1.30%
Beta0.9
Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses. This segment also offers LifeLock-branded identity protection services, such as identifying and notifying users of identity-related and other events, and assisting users in remediating their impact; and digital safety platform designed to protect information across devices, customer identities, and the connected homes and families. The Enterprise Security segment provides endpoint protection products, endpoint management, messaging protection products, information protection products, cyber security services, Website security, and advanced Web and cloud security offerings. Its enterprise endpoint, network security, and management offerings supports evolving endpoints and networks, as well as provides an integrated cyber defense platform. This segment delivers its solutions through various methods, such as software, appliance, software-as-a-service, and managed services. The company serves individuals, households, and small businesses; small, medium, and large enterprises; and government and public sector customers. 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 was founded in 1982 and is headquartered in Mountain View, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Current SymbolNASDAQ:SYMC
Previous Symbol
CUSIP87150310
Phone650-527-8000

Debt

Debt-to-Equity Ratio0.75
Current Ratio1.00
Quick Ratio1.10

Price-To-Earnings

Trailing P/E Ratio24.31
Forward P/E Ratio23.09
P/E Growth2.93

Sales & Book Value

Annual Sales$4.85 billion
Price / Sales3.04
Cash Flow$2.0561 per share
Price / Cash11.23
Book Value$9.31 per share
Price / Book2.48

Profitability

EPS (Most Recent Fiscal Year)$0.95
Net Income$1.14 billion
Net Margins25.95%
Return on Equity13.99%
Return on Assets4.76%

Miscellaneous

Employees11,800
Outstanding Shares638,800,000
Market Cap$14.75 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 declared a quarterly dividend on Thursday, November 1st. Stockholders of record on Monday, November 19th will be given a dividend of $0.075 per share on Wednesday, December 12th. This represents a $0.30 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, November 16th. View Symantec's Dividend History.

How were Symantec's earnings last quarter?

Symantec Co. (NASDAQ:SYMC) announced its quarterly earnings data on Thursday, November, 1st. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.09. The technology company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.14 billion. Symantec had a net margin of 25.95% and a return on equity of 13.99%. The company's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.40 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 Wednesday, January 30th 2019. View Earnings Estimates for Symantec.

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

Symantec updated its FY19 earnings guidance on Thursday, November, 1st. The company provided earnings per share (EPS) guidance of $1.47-1.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.51. The company issued revenue guidance of $4.67-4.79 billion, compared to the consensus revenue estimate of $4.73 billion.Symantec also updated its FY 2019 guidance to $1.47-1.57 EPS.

What price target have analysts set for SYMC?

23 equities research analysts have issued twelve-month target prices for Symantec's shares. Their forecasts range from $18.85 to $33.00. On average, they expect Symantec's share price to reach $23.1088 in the next year. This suggests a possible upside of 0.1% from the stock's current price. View Analyst Price Targets for Symantec.

What is the consensus analysts' recommendation for Symantec?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symantec in the last year. There are currently 2 sell ratings, 18 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. According to Zacks Investment Research, "Symantec’s shares have underperformed the industry on a year-to-date basis. Increased competition from bellwethers such as Microsoft and Intel is a concern. Changing customer spending behavior and execution risks remain other key challenges. Significant portion of the company’s revenues come from businesses outside the United States, making it succeptible to foreign currency exchange rate fluctuations. Moreover, weaker-than-expected outlook for the fiscal 2019 makes us slightly cautious about its near-term performance. However, we believe rise in demand for cybersecurity-related products due to continuously increasing global hacking events, along with acquisitions, are likely to drive Symantec’s near-term results. Estimates have been stable ahead of the company's Q2 earnings release. The company has mixed record of earnings surprises in recent quarters." (11/16/2018)
  • 2. Evercore ISI analysts commented, "We believe excluding the potential upside from an acquisition, SYMC is still in the process of rebuilding sentiment (in an otherwise tough software tape). Further, the company still faces an overhang with the ongoing (as far as we are aware) SEC investigation. We continue to believe there is an ongoing debate on the company’s growth prospects. Remain In Line rated." (11/11/2018)
  • 3. Robert W. Baird analysts commented, "We maintain our Neutral rating and $22 price target into FY2Q19 earnings on November 1; we view the risk/reward profile as slightly favorable based on assumptions underlying consensus expectations. After many quarters, we think guidance and expectations appear reasonable despite competitive pressure on most parts of the business. Despite noisy headline numbers, we think the underlying results are less volatile than perceived and the business is stabilizing." (10/31/2018)

Has Symantec been receiving favorable news coverage?

Media coverage about SYMC stock has been trending positive this week, according to InfoTrie. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Symantec earned a news impact score of 3.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.

Are investors shorting Symantec?

Symantec saw a decline in short interest in October. As of October 31st, there was short interest totalling 17,825,581 shares, a decline of 10.1% from the October 15th total of 19,827,921 shares. Based on an average trading volume of 9,320,049 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.9% of the shares of the stock are sold short. 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, CEO & Director (Age 53)
  • Mr. Michael David Fey, Pres & COO (Age 43)
  • Mr. Nicholas R. Noviello CPA, Exec. VP & CFO (Age 49)
  • Mr. Scott C. Taylor, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Dr. Hugh Thompson, 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 Capital World Investors (6.78%), BlackRock Inc. (6.41%), Franklin Resources Inc. (4.73%), Starboard Value LP (3.84%), CI Global Investments Inc. (1.84%) and Capital International Investors (1.64%). 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, 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 Capital World Investors, Neuberger Berman Group LLC, SG Americas Securities LLC, CI Global Investments Inc., Janus Henderson Group PLC, Toronto Dominion Bank, Sumitomo Mitsui Asset Management Company LTD and Mitsubishi UFJ Trust & Banking Corp. Company insiders that have sold Symantec company stock in the last year include Francis C Rosch, Scott C Taylor 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 Starboard Value LP, Capital International Investors, First Trust Advisors LP, Pictet Asset Management Ltd., AQR Capital Management LLC, FMR LLC, Renaissance Technologies LLC and Assenagon Asset Management S.A.. 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 $23.09.

How big of a company is Symantec?

Symantec has a market capitalization of $14.75 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:  636 (Vote Outperform)
Underperform Votes:  762 (Vote Underperform)
Total Votes:  1,398
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 11/18/2018 by MarketBeat.com Staff

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