About Symantec (NASDAQ:SYMC)
Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses. This segment also offers LifeLock-branded identity protection services, such as identifying and notifying users of identity-related and other events, and assisting users in remediating their impact; and digital safety platform designed to protect information across devices, customer identities, and the connected homes and families. The Enterprise Security segment provides endpoint protection products, endpoint management, messaging protection products, information protection products, cyber security services, Website security, and advanced Web and cloud security offerings. Its enterprise endpoint, network security, and management offerings supports evolving endpoints and networks, as well as provides an integrated cyber defense platform. This segment delivers its solutions through various methods, such as software, appliance, software-as-a-service, and managed services. The company serves individuals, households, and small businesses; small, medium, and large enterprises; and government and public sector customers. 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 was founded in 1982 and is headquartered in Mountain View, California.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
SymbolNASDAQ:SYMC
CUSIP87150310
Phone650-527-8000
Debt
Debt-to-Equity Ratio0.99
Current Ratio1.11
Quick Ratio1.15
Price-To-Earnings
Trailing P/E Ratio22.38
Forward P/E Ratio24.72
P/E Growth2.99
Sales & Book Value
Annual Sales$4.85 billion
Price / Sales2.73
Cash Flow$2.1986 per share
Price / Cash9.67
Book Value$8.13 per share
Price / Book2.62
Profitability
EPS (Most Recent Fiscal Year)$0.95
Net Income$1.16 billion
Net Margins23.98%
Return on Equity16.24%
Return on Assets4.32%
Miscellaneous
Employees13,000
Outstanding Shares621,540,000
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, May 10th. Investors of record on Friday, June 8th will be given a dividend of $0.075 per share on Wednesday, June 20th. This represents a $0.30 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, June 7th. View Symantec's Dividend History.
How were Symantec's earnings last quarter?
Symantec Co. (NASDAQ:SYMC) posted its quarterly earnings data on Thursday, May, 10th. The technology company reported $0.46 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.39 by $0.07. The technology company earned $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Symantec had a net margin of 23.98% and a return on equity of 16.24%. Symantec's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. View Symantec's Earnings History.
When is Symantec's next earnings date?
What guidance has Symantec issued on next quarter's earnings?
Symantec updated its FY19 earnings guidance on Thursday, May, 10th. The company provided earnings per share guidance of $1.50-1.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.80. The company issued revenue guidance of $4.76-4.90 billion, compared to the consensus revenue estimate of $4.94 billion.Symantec also updated its Q1 guidance to $0.31-0.35 EPS.
What price target have analysts set for SYMC?
23 brokers have issued 12-month target prices for Symantec's stock. Their predictions range from $18.85 to $40.00. On average, they anticipate Symantec's stock price to reach $27.8147 in the next year. 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, "Estimates for Symantec have been revised downward after the company provided a disappointing outlook for Q1 & FY19. Furthermore, margins are anticipated to remain under pressure due to continued shift of the company’s business model to ratable revenues, and increased investment in sales and marketing capacity, which makes us cautious about its near-term performance. Going ahead, the ongoing internal investigations related to the reporting of certain non-GAAP accounting measures, which include executive compensation too, public disclosures including commentary on the company’s historical financial results, certain forward-looking statements, stock-trading plans and retaliate, remain a major concern. The probe may throw light on serious issues which will severely cost the company in near future. The stock has underperformed the industry in a year's time." (5/16/2018)
- 2. Robert W. Baird analysts commented, "Investigation [ Please refer to Appendix – Certification ] LOWERING PRICE TARGET 1-Year Price Chart J – 1 7 J – 1 7 A – 1 7 S – 1 7 O – 1 7 N – 1 7 D – 1 7 J – 1 8 F – 1 8 M – 1 8 A – 1 8 M – 1 8 3 6 3 4 3 2 3 0 2 8 2 6 2 4 2 5 3 4 $29.18 Market Cap (mil): $19,346 Shares Out (mil): 663.0 Average Daily Vol (mil): 5.32 2.1% Estimates FY 0.29 A 0.33 A 0.33 E Q2 0.30 A 0.40 A 0.38 E Q3 0.32 A 0.49 A 0.43 E Q4 0.28 A 0.46 A 0.44 E Fiscal EPS 1.18 A 1.69 A 1.58 E Previous Est 1.62 A 1.68 E FactSet and Baird Data. Price chart reflects most recent closing price. Jayson Noland, CFA Sr." (5/11/2018)
Are investors shorting Symantec?
Symantec saw a decline in short interest in the month of May. As of May 31st, there was short interest totalling 18,837,805 shares, a decline of 27.4% from the May 15th total of 25,961,188 shares. Based on an average trading volume of 9,421,967 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.1% of the company's stock are sold short.
Who are some of Symantec's key competitors?
Some companies that are related to Symantec include Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Shopify (SHOP), Splunk (SPLK), Check Point Software Technologies (CHKP), CA Technologies (CA), Dropbox (DBX), ANSYS (ANSS), Citrix Systems (CTXS), Mobileye (MBBYF), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO) and Synopsys (SNPS).
Who are Symantec's key executives?
Symantec's management team includes the folowing people:
- Mr. Gregory S. Clark, CEO & Director (Age 53)
- Mr. Michael David Fey, Pres & COO (Age 43)
- Mr. Nicholas R. Noviello, Exec. VP, CFO & Principal Accounting Officer (Age 49)
- Mr. Scott C. Taylor, Exec. VP, Gen. Counsel & Sec. (Age 54)
- Mr. Francis C. Rosch, Exec. VP, Consumer Bus. (Age 54)
Has Symantec been receiving favorable news coverage?
Media coverage about SYMC stock has been trending positive this week, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Symantec earned a coverage optimism score of 0.45 on Accern's scale. They also assigned media stories about the technology company an impact score of 43.64 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Symantec's major shareholders?
Symantec's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.51%), Franklin Resources Inc. (4.69%), CI Global Investments Inc. (2.69%), Neuberger Berman Group LLC (1.20%), Northern Trust Corp (1.16%) and Legal & General Group Plc (0.58%). 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 Foresters Investment Management Company Inc., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Franklin Resources Inc., Russell Investments Group Ltd., Sei Investments Co., Swiss National Bank and KBC Group NV. Company insiders that have sold Symantec company stock in the last year include Amy L Cappellanti-Wolf, Anita M Sands, Francis C Rosch, Gregory S Clark, Michael David Fey, Nicholas R Noviello, Roxane Divol, 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 CI Global Investments Inc., Select Equity Group L.P., Eaton Vance Management, American Century Companies Inc., Element Capital Management LLC, Toronto Dominion Bank, BlackRock Inc. and Legal & General Group Plc. 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 $21.26.
How big of a company is Symantec?
Symantec has a market capitalization of $13.21 billion and generates $4.85 billion in revenue each year. The technology company earns $1.16 billion in net income (profit) each year or $0.95 on an earnings per share basis. Symantec employs 13,000 workers across the globe.
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 (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.
