Symantec Company Profile (NASDAQ:SYMC)

Symantec trades on the NASDAQ under the ticker symbol "SYMC."

Symantec announced a quarterly dividend on Thursday, May 11th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.075 per share on Wednesday, June 21st. This represents a $0.30 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Monday, June 5th. View Symantec's Dividend History.

Symantec Co. (NASDAQ:SYMC) issued its quarterly earnings results on Wednesday, May, 10th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.28. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Symantec had a return on equity of 12.69% and a net margin of 55.12%. The company's revenue for the quarter was up 34.7% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. View Symantec's Earnings History.

Symantec updated its FY18 earnings guidance on Wednesday, May, 10th. The company provided EPS guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.77. The company issued revenue guidance of $5.1-5.2 billion, compared to the consensus revenue estimate of $5.26 billion.Symantec also updated its Q1 guidance to $0.28-0.32 EPS.

25 brokerages have issued twelve-month price targets for Symantec's stock. Their forecasts range from $18.00 to $40.00. On average, they expect Symantec's stock price to reach $30.00 in the next year. View Analyst Ratings for Symantec.

Here are some recent quotes from research analysts about Symantec stock:

• 1. According to Zacks Investment Research, "Estimates have been going down following the internet security solution provider, Symantec reported dismal fourth-quarter fiscal 2017 results, wherein the top and bottom lines lagged the respective Zacks Consensus Estimate. In addition, despite registering a tremendous jump in the revenues, which was mainly driven by the benefit from Blue Coat and LifeLock acquisitions, adjusted earnings marked a significant year-over-year decline. Apart from this, the company’s first quarter and fiscal 2018 revenue guidance were also disappointing, as both fell short of our estimates. Going ahead, changing customer spending behavior makes us pretty skeptical about Symantec’s near-term performance. Moreover, smaller companies like Kaspersky are consistently launching comparable products. These, along with competition from the likes of Microsoft, remain headwinds. The uncertainty over PC sales adds to its woes." (5/16/2017)
• 2. Piper Jaffray Companies analysts commented, "Symantec reported solid FQ3(Dec) results across all metrics and guided above the Street for FQ4(Mar), excluding FX headwinds. Both the Enterprise and Consumer segments improved and we are particularly encouraged by the improving growth rates of the Enterprise Endpoint products, following the release of SEP14. With the LOCK deal expected to close on Feb 9, we believe there could be significant upside potential to FY18 EPS guidance. We reiterate our Overweight rating and raise our PT to $35 (prev $31)." (2/2/2017)
• 3. Jefferies Group LLC analysts commented, "SYMC is well positioned to answer a pressing customer desire to consolidate security functionality and address a shift to Cloud with a strong management team and a logical plan. However, new business has been declining significantly, which will be difficult to reverse with a largely ratable rev model, while investor exuberance has already incorporated some success and leaves little room for upside, especially when adjusting for stock based comp. Hold; $27 PT." (1/18/2017)

Symantec saw a drop in short interest during the month of May. As of May 15th, there was short interest totalling 21,142,498 shares, a drop of 12.2% from the April 28th total of 24,075,523 shares. Based on an average trading volume of 8,138,440 shares, the short-interest ratio is presently 2.6 days. Currently, 3.5% of the shares of the company are sold short.

Some companies that are related to Symantec include Infosys Ltd (INFY), Intuit (INTU), China Unicom (Hong Kong) Limited (CHU), Sprint Corp (S), Micron Technology (MU), Koninklijke Philips NV (PHG), Hewlett Packard Enterprise Co (HPE), HP (HPQ), TE Connectivity Ltd (TEL), NXP Semiconductors NV (NXPI), Corning Incorporated (GLW), Wipro Limited (WIT), Western Digital Corp (WDC), Analog Devices (ADI), Yahoo Japan Corp (YAHOY), Lam Research (LRCX), Autodesk (ADSK) and Infineon Technologies AG (IFNNY).

Symantec's management team includes the folowing people:

• Michael David Fey, President, Chief Operating Officer
• Gregory S. Clark, Chief Executive Officer, Director
• Nicholas R. Noviello CPA, Chief Financial Officer, Executive Vice President
• Amy L. Cappellanti-Wolf, Chief Human Resource Officer, Senior Vice President
• Scott C. Taylor, Executive Vice President, General Counsel, Secretary
• Balaji Yelamanchili, Executive Vice President, General Manager - Enterprise Security
• Francis C. Rosch, Executive Vice President, Norton Business Unit
• Mark S. Garfield, Senior Vice President, Chief Accounting Officer
• Fredrik Torstensson, Senior Vice President of Global Sales and Field Marketing
• John Sorensen, Senior Vice President, Global Enterprise Sales

Symantec's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.77%), BlackRock Inc. (6.62%), State Street Corp (4.53%), FMR LLC (1.68%), TIAA CREF Investment Management LLC (1.30%) and DODGE & COX (1.20%). Company insiders that own Symantec stock include Amy L Cappellanti-Wolf, Anita M Sands, Brett Shirk, Daniel H Schulman, Francis C Rosch, Mark S Garfield, Matthew M Cain, Michael A/Ca Brown, Michael David Fey, Nicholas R Noviello, Robert Steve Miller, Roxane Divol, Scott C Taylor and Suzanne M Vautrinot. View Institutional Ownership Trends for Symantec.

Symantec's stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Parametric Portfolio Associates LLC, Schroder Investment Management Group, LSV Asset Management, American Century Companies Inc., Dimensional Fund Advisors LP, Beutel Goodman & Co Ltd. and Nordea Investment Management AB. Company insiders that have sold Symantec stock in the last year include Amy L Cappellanti-Wolf, Anita M Sands, Francis C Rosch, Mark S Garfield, Michael David Fey, Nicholas R Noviello, Roxane Divol, Scott C Taylor and Suzanne M Vautrinot. View Insider Buying and Selling for Symantec.

Symantec's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Janus Capital Management LLC, Vanguard Group Inc., Jericho Capital Asset Management L.P., Morgan Stanley, Soros Fund Management LLC and Los Angeles Capital Management & Equity Research Inc.. View Insider Buying and Selling for Symantec.

Shares of Symantec can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Symantec stock can currently be purchased for approximately $29.61.