Symantec Corporation Company Profile (NASDAQ:SYMC)

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

Symantec Corporation declared a quarterly dividend on Thursday, May 11th. Stockholders 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 dividend yield of 0.96%. The ex-dividend date is Monday, June 5th. View Symantec Corporation's Dividend History.

Symantec Corporation (NASDAQ:SYMC) announced its quarterly earnings data on Wednesday, May, 10th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Symantec Corporation had a positive return on equity of 11.06% and a negative net margin of 2.64%. Symantec Corporation's quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. View Symantec Corporation's Earnings History.

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

Symantec Corporation 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 earnings per share 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 Corporation also updated its Q1 guidance to $0.28-0.32 EPS.

25 equities research analysts have issued 12 month price objectives for Symantec Corporation's stock. Their predictions range from $18.00 to $40.00. On average, they expect Symantec Corporation's share price to reach $30.55 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, "Estimates have been stable ahead of Symantec’s first-quarter fiscal 2018 results. 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 like Mondelez, FedEx and Merck & Co. 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, the recent deal to acquire Israel-based Fireglass will further strengthen Symantec’s leadership position in Secure Web Gateway and Email protection, both delivered on premises and in the cloud. Nonetheless, smaller companies like Kaspersky are consistently launching comparable products. These, along with competition from the likes of Microsoft, remain headwinds." (7/11/2017)
• 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 decline in short interest in June. As of June 30th, there was short interest totalling 18,898,296 shares, a decline of 14.9% from the June 15th total of 22,205,206 shares. Based on an average daily volume of 7,202,876 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.1% of the shares of the stock are sold short.

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), ANSYS (ANSS), Square (SQ), PTC (PTC), Sabre Corporation (SABR), King Digital Entertainment PLC (KING), Mulesoft (MULE), Zendesk (ZEN), Twilio (TWLO), Box (BOX), New Relic (NEWR), 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
• 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 Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.20%), National Pension Service (0.10%), Chevy Chase Trust Holdings Inc. (0.09%), NN Investment Partners Holdings N.V. (0.09%), Hartwell J M Limited Partnership (0.09%) and Gateway Investment Advisers LLC (0.08%). Company insiders that own Symantec Corporation stock include Amy L Cappellanti-Wolf, Anita M Sands, Brett Shirk, 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 Corporation.

Symantec Corporation's stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., APG Asset Management N.V., Nisa Investment Advisors LLC, Meeder Asset Management Inc., Exxonmobil Investment Management Inc. TX, Oakbrook Investments LLC, Chevy Chase Trust Holdings Inc. and Hartwell J M Limited Partnership. Company insiders that have sold Symantec Corporation 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 Corporation.

Symantec Corporation's stock was bought by a variety of institutional investors in the last quarter, including National Pension Service, Mn Services Vermogensbeheer B.V., Gateway Investment Advisers LLC, Bank of Montreal Can, Highland Capital Management LLC, Aperio Group LLC, Private Capital Advisors Inc. and New England Research & Management Inc.. 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 $31.18.