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. It also offers consulting, premium support, and cyber security services. The Consumer Digital Safety segment provides Norton Security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers, as well as Norton Wi-Fi Privacy services. The company serves business, government, and public-sector customers; small, medium, and large enterprises; and individuals, households, and small businesses. 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 has strategic alliance with Ernst & Young LLP to help organizations address intellectual property and data, as well as manage cyber risk. The company was founded in 1982 and is headquartered in Mountain View, California.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Phone650-527-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$4.85 billion
Profitability
Miscellaneous
Employees11,800
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 announced a quarterly dividend on Thursday, November 1st. Shareholders of record on Monday, November 19th will be paid a dividend of $0.075 per share on Wednesday, December 12th. This represents a $0.30 annualized dividend and a dividend yield of 1.51%. 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) posted its earnings results on Thursday, November, 1st. The technology company reported $0.42 EPS for the quarter, topping the Zacks' consensus estimate of $0.33 by $0.09. The technology company earned $1.18 billion during the quarter, compared to analysts' expectations of $1.14 billion. Symantec had a return on equity of 13.99% and a net margin of 25.95%. The company's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. View Symantec's Earnings History.
When is Symantec's next earnings date?
What guidance has Symantec issued on next quarter's earnings?
Symantec issued an update on 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 Wall Street analysts have issued 1 year price objectives for Symantec's stock. 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 16.2% 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 is benefiting from continued strength in its consumer business. Moreover, the company reiterated its outlook for fiscal 2019, which is likely to ease concerns as the company had cut the guidance in fiscal first quarter. Moreover, key customer wins for Cloud Proxy, Cloud Access Security Broker, and cloud e-mail offerings are a positive. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has positive record of earnings surprises in recent quarters. However, increased competition from bellwethers like Microsoft and Intel is a concern. Changing customer spending behavior and execution risks remain other key challenges. Moreover, Execution risks remain on the restructuring initiatives undertaken by Symantec. Shares underperformed the industry year to date." (1/21/2019)
- 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?
Press coverage about SYMC stock has been trending very positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Symantec earned a coverage optimism score of 3.2 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are some of Symantec's key competitors?
Some companies that are related to Symantec include Activision Blizzard (ATVI), ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), CA (CA), Splunk (SPLK), Check Point Software Technologies (CHKP), Shopify (SHOP), Veeva Systems (VEEV), Citrix Systems (CTXS), Synopsys (SNPS), ANSYS (ANSS) and Cadence Design Systems (CDNS).
Who are Symantec's key executives?
Symantec's management team includes the folowing people:
- Mr. Gregory S. Clark, Pres, CEO & Director (Age 54)
- Mr. Nicholas R. Noviello CPA, Exec. VP & CFO (Age 50)
- Mr. Scott C. Taylor, Exec. VP, Gen. Counsel & Sec. (Age 55)
- Dr. Hugh Thompson, Sr. VP & Chief Technology Officer
- Ms. Sheila B. Jordan, Chief Information Officer and Sr. VP (Age 54)
Who are Symantec's major shareholders?
Symantec's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Gulf International Bank UK Ltd (0.02%), Nisa Investment Advisors LLC (0.02%), State of Alaska Department of Revenue (0.02%), DNB Asset Management AS (0.01%), Virtu Financial LLC (0.01%) and Meeder Asset Management Inc. (0.01%). 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 institutional investors are selling Symantec stock?
SYMC stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, Edge Wealth Management LLC, State of Alaska Department of Revenue, First Hawaiian Bank and Louisiana State Employees Retirement System. 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 institutional investors are buying Symantec stock?
SYMC stock was bought by a variety of institutional investors in the last quarter, including Virtu Financial LLC, Meeder Asset Management Inc., Fox Run Management L.L.C., Hudson Capital Management LLC, Nisa Investment Advisors LLC, Cerebellum GP LLC and DNB Asset Management AS. 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 $19.88.
How big of a company is Symantec?
Symantec has a market capitalization of $12.85 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?
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)
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.
