NASDAQ:SYMC - Symantec Stock Price, Forecast & News

$28.05

-0.08 (-0.28 %)

(As of 01/22/2020 01:31 PM ET)

Add

Compare

Today's Range

$27.95

Now: $28.05▼

$28.60

50-Day Range

$24.95

MA: $26.13▼

$28.13

52-Week Range

$17.42

Now: $28.05▼

$26.07

Volume22.42 million shs

Average Volume4.06 million shs

Market Capitalization$17.34 billion

P/E Ratio23.97

Dividend Yield1.28%

Beta1.28

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

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustrySystems Software

SectorComputer and Technology

Current SymbolNASDAQ:SYMC

Previous Symbol

CUSIP87150310

CIK849399

Webhttp://www.symantec.com/

Phone650-527-8000

Debt

Debt-to-Equity Ratio0.79

Current Ratio0.71

Quick Ratio0.71

Price-To-Earnings

Trailing P/E Ratio23.97

Forward P/E Ratio21.09

P/E Growth3.77

Sales & Book Value

Annual Sales$4.73 billion

Price / Sales3.66

Cash Flow$2.60 per share

Price / Cash Flow10.79

Book Value$8.98 per share

Price / Book3.12

Profitability

EPS (Most Recent Fiscal Year)$1.17

Net Income$31 million

Net Margins2.43%

Return on Equity14.94%

Return on Assets5.33%

Miscellaneous

Employees11,900

Outstanding Shares618,030,000

Market Cap$17.34 billion

Next Earnings Date1/29/2020 (Estimated)

OptionableOptionable

Receive SYMC News and Ratings via Email

Sign-up to receive the latest news and ratings for SYMC and its competitors with MarketBeat's FREE daily newsletter.

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, August 8th. Investors 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 annualized dividend and a dividend yield of 1.07%. 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) released its quarterly earnings results on Thursday, August, 8th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.11. The technology company earned $1.25 billion during the quarter, compared to analyst estimates of $1.19 billion. Symantec had a return on equity of 14.94% and a net margin of 2.43%. The company's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $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 Wednesday, January 29th 2020. View Earnings Estimates for Symantec.

What price target have analysts set for SYMC?

13 analysts have issued twelve-month price targets for Symantec's stock. Their forecasts range from $19.00 to $28.00. On average, they expect Symantec's stock price to reach $23.20 in the next twelve months. This suggests that the stock has a possible downside of 17.3%. View Analyst Price Targets for Symantec.

What is the consensus analysts' recommendation for Symantec?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Symantec in the last year. There are currently 10 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. 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 coverage about SYMC stock has trended negative recently, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Symantec earned a daily sentiment score of -2.3 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Symantec.

Who are some of Symantec's key competitors?

Some companies that are related to Symantec include Microsoft (MSFT), Oracle (ORCL), VMware (VMW), ServiceNow (NOW), Fortinet (FTNT), Proofpoint (PFPT), Qualys (QLYS), Progress Software (PRGS), CommVault Systems (CVLT), TiVo (TIVO) and FalconStor Software (FALC).

What other stocks do shareholders of Symantec own?

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

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

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 $28.05.

How big of a company is Symantec?

Symantec has a market capitalization of $17.34 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 ( )
Outperform Votes:		752 (Vote Outperform)
Underperform Votes:		853 (Vote Underperform)
Total Votes:		1,605

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 1/22/2020 by MarketBeat.com Staff

Featured Article: Asset Allocation, Balancing Your Investments

Your Ultimate Investing Toolkit

Just $1.00 for your first month.