What’s The Story Behind Symantec Corporation (NASDAQ:SYMC)


Symantec Corporation (NASDAQ:SYMC) closed its last session at $27.02. The stock traded within a range of $26.31 and $27.17. The company operates in the Technology sector with a market capitalization of 16.73 Million. Trading volume for Symantec Corporation was 6.43 Million in its previous trading session. Currently, Symantec Corporation (NASDAQ:SYMC) has an average volume of 6.51 Million.

Company Profile

Symantec Corporation is one of the world’s leading cyber security company. Enterprises across the world rely on Symantec for integrated cyber defense against sophisticated attacks across endpoints, infrastructure, and cloud. Symantec’s Norton and LifeLock Digital Safety Platform help protect personal information, devices, home networks, and identities at home and across. Norton-branded solutions provide multi-layer security for desktops, mobile operating systems, and home networks, defending against increasingly complex online threats to individuals, families, and small businesses. Symantec protects the Cloud Generation through Integrated Cyber Defense Platform, the industry’s most complete portfolio for securing cloud and on-premises environments. The Company offers the Blue Coat Security Platform, which provides Web security solutions for global enterprises and governments. Symantec embraces a global research and development (R&D) strategy to drive organic innovation.

Analyst Views

Symantec Corporation (NASDAQ:SYMC) received a Buy rating from 2 analysts. 0 analysts gave its stock an Outperform rating. 5 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Symantec Corporation (NASDAQ:SYMC) touched its 1-Year High price of $34.20 on 09/20/17 and its 1-Year Low price of $24.94 on 02/09/18.

EPS & Financials

Symantec Corporation (NASDAQ:SYMC) reported its EPS in the last quarter as $0.49/Share beating the analyst estimate of $0.44/Share by a difference of $0.05. This showed a surprise of 11.4% in the last quarter earnings.

For the current quarter, 26 analysts are projecting a mean EPS of $0.39/share. According to their observations and findings, the stock could provide a high EPS of $0.41/share and a low EPS of $0.37/share.

Analysts believe that the company has the potential to earn average revenue of $1.2 Billion for the current quarter. According to their predictions high & low revenue estimates are 1.28 Billion and 1.18 Billion respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Symantec Corporation (NASDAQ:SYMC) has a 20-Day average volume of 8.32 Million. According to today’s trading volume Symantec Corporation is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BEARISH trend as well.

The company currently has an insider ownership of 0.3 Percent and Institutional ownership of 98.2 Percent. The return on assets stands at 6.4%, Return on Equity currently is 27.4% and the Return on Investment value is -0.6%.

Symantec Corporation (NASDAQ:SYMC) gross margin percentage stands at 78.3% while its operating margin for the past trailing twelve month is 11 percent and its overall profit margin (ttm) is 22.2 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 0.64% with a 50-Day Simple Moving Average of -3 percent. As of today, the company has a SMA200 (200-day simple moving average) of -9.24 Percent. The Stock has YTD (year to date) performance of -3.71 percent.

The TTM operating margin for the company stands at 11%. The return on invested capital is at -0.6%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 23.96.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -9.24%, and has a solid year to date (YTD) performance of -3.71% which means that the stock is constantly adding to its value from the previous fiscal year end price.