Symantec Corporation Company Profile (NASDAQ:SYMC)

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

Symantec Corporation announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Monday, August 21st will be paid a dividend of $0.075 per share on Wednesday, September 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 17th. View Symantec Corporation's Dividend History.

Symantec Corporation (NASDAQ:SYMC) announced its earnings results on Wednesday, August, 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The firm's revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. View Symantec Corporation's Earnings History.

Symantec Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Symantec Corporation.

Symantec Corporation issued an update on its FY18 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $1.79-1.89 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79. The company issued revenue guidance of $5.16-5.26 billion, compared to the consensus revenue estimate of $5.15 billion.Symantec Corporation also updated its Q2 guidance to $0.40-0.44 EPS.

27 brokerages have issued 1 year price objectives for Symantec Corporation's shares. Their predictions range from $18.00 to $40.00. On average, they anticipate Symantec Corporation's share price to reach $31.46 in the next year. View Analyst Ratings for Symantec Corporation.

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

• 1. According to Zacks Investment Research, "Symantec is a world leader in Internet security technology. The prospects of cybersecurity companies look bright as the recent global hackings, like WannaCry and Petya, have started to adversely affect the top- and bottom-line results of various organizations. The silver lining in this entire episode will be the rise in demand for security-related products among companies and governments, in our opinion. We believe that this could bring Symantec back into the limelight. Moreover, investment in growth areas such as Enterprise Backup, Storage Management and Security businesses are likely to boost Symantec’s long-term prospects. Additionally, restructuring initiatives and synergies from acquisitions are likely to support the company’s bottom line. Nonetheless, smaller companies like Kaspersky are consistently launching comparable products. Also, competition from the likes of Microsoft, remain headwinds." (8/8/2017)
• 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 Corporation saw a increase in short interest in August. As of August 15th, there was short interest totalling 21,963,792 shares, an increase of 11.1% from the July 31st total of 19,762,839 shares. Based on an average trading volume of 10,093,188 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.6% of the company's shares are short sold.

Some companies that are related to Symantec Corporation include Electronic Arts (EA), Autodesk (ADSK), Workday (WDAY), Check Point Software Technologies (CHKP), Mobileye N.V. (MBLY), Square (SQ), ANSYS (ANSS), PTC (PTC), King Digital Entertainment PLC (KING), Sabre Corporation (SABR), Zendesk (ZEN), Twilio (TWLO), New Relic (NEWR), Mulesoft (MULE), Box (BOX), CyberArk Software (CYBR), Five9 (FIVN) and Radware (RDWR).

Symantec Corporation'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
• Fredrik Torstensson, Senior Vice President of Global Sales and Field Marketing
• John Sorensen, Senior Vice President, Global Enterprise Sales
• Jonathan Doros, Vice President of Investor Relations

Symantec Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Capital World Investors (12.37%), Vanguard Group Inc. (10.05%), BlackRock Inc. (6.71%), Franklin Resources Inc. (5.88%), State Street Corp (4.26%) and Jackson Square Partners LLC (3.30%). Company insiders that own Symantec Corporation stock include Amy L Cappellanti-Wolf, Anita M Sands, Brett Shirk, 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 Corporation.

Symantec Corporation's stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., State Street Corp, AXA, Principal Financial Group Inc., Schroder Investment Management Group, CI Investments Inc., APG Asset Management N.V. and Franklin Resources Inc.. Company insiders that have sold Symantec Corporation stock in the last year 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 Insider Buying and Selling for Symantec Corporation.

Symantec Corporation's stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Janus Henderson Group PLC, CI Global Investments Inc., Renaissance Technologies LLC, Capital World Investors, TIAA CREF Investment Management LLC, ETF Managers Group LLC and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Symantec Corporation.

Shares of Symantec Corporation 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 Corporation stock can currently be purchased for approximately $33.02.