|Bid||20.19 x 2200|
|Ask||21.12 x 900|
|Day's Range||20.77 - 21.13|
|52 Week Range||17.43 - 24.77|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||483.72|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.30 (1.60%)|
|1y Target Est||20.57|
New service with AWS, full-stack container security and DLP protection for Amazon S3 buckets announced at AWS re:Inforce 2019
Symantec Corp. (SYMC), the world’s leading cyber security company, today announced new research revealing enterprises are struggling to keep up with the rapid expansion of cloud within their businesses. Surveying 1,250 security decision makers across the globe, Symantec’s Cloud Security Threat Report (CSTR) uncovered insights on the shifting cloud security landscape, finding enterprises have reached a tipping point: more than half (53%) of all enterprise compute workload has been migrated to the cloud.
Symantec's (SYMC) Norton 360 Deluxe is the first paid comprehensive cyber security product to be launched in Microsoft Store.
The stock of software giant Symantec (SYMC) has fallen nearly 20% since the beginning of May 2019, which has made it attractive on the valuation front. The stock has gained 2.8% year-to-date as of June 14, compared to the S&P 500, which has risen more than 15% in the same period.
The stock of cybersecurity company Symantec Corporation (SYMC) rallied over 3% on June 17 at 8:27 AM ET after Mizuho Securities analyst Gregg Moskowitz raised his rating and price target on the stock due to its attractive valuation.
Mizuho Securities analyst Gregg Moskowitz upgraded the security-software firm to Buy from Neutral, while edging up his price target to $23 from $22. The analyst sees turnaround potential—and a new focus on financial returns that could lead to both headcount reduction and the sale of some businesses.
Symantec Corp. shares are up more than 3% in Monday morning trading after Mizuho's Gregg Moskowitz upgraded the stock to buy from neutral, arguing that the risk/reward profile is "too attractive to ignore" as Symantec has been "a massive underperformer over the last many months." The shares are down nearly 30% since the start of 2018, compared with an 8% rise for the S&P 500 in that time. "First and foremost, we believe that the new management team, consisting of Interim CEO Rick Hill and CFO Vincent Pilette, will be much more focused on margin improvement--particularly within Enterprise Security--as compared with prior management," Moskowitz wrote. "If we are correct about Symantec's increased focus on optimization, it is difficult to see how more earnings power doesn't translate to share price improvement." Shares are up 6% so far this year, as the S&P 500 has gained 15%.
were rising sharply on Monday after analysts at Mizuho upgraded the stock to buy from neutral. The firm also raised the stock's price target to $23 from $22, representing a potential 15% upside from the closing price Friday of $19.58. The firm believes that Symantec is going to trim its headcount in the near-term again after an 8% reduction in August 2018.
Norton™ LifeLock™, Symantec’s (SYMC) consumer cyber safety brand, today announced that Norton 360 Deluxe is now available for download in the Microsoft Store. Norton 360 Deluxe provides consumers with important cyber safety features and helps protect their personal information and data1. Available for both Windows 10 and Windows 10 in S mode (Windows 10S), Norton 360 Deluxe is the first paid comprehensive cyber safety product to launch in the Microsoft Store.
It was a victory for stocks on Thursday, though not a decisive one. The 0.41% gain logged by the S&P 500 keeps it above some important technical support, but one rough day could still put the broad market into something of a tailspin.Walt Disney (NYSE:DIS) shares did more than their fair share of the heavy lifting, up 4.4% largely after Morgan Stanley predicted its planned streaming product, Disney+, would be even more successful than most investors have given it credit for. Restoration Hardware Holdings (NYSE:RH), also just called RH, logged one of the biggest wins on Thursday though, rallying more than 15% after topping its fiscal first quarter estimates.At the other end of the spectrum, Twitter (NYSE:TWTR) fell 3.1% after MoffettNathanson analyst Michael Nathanson suggested the recent strength made it a good time to take some profits.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone make for great trading options headed into the weekend though. Rather, it's the stock charts of Nektar Therapeutics (NASDAQ:NKTR), Vertex Pharmaceuticals (NASDAQ:VRTX) and Symantec (NASDAQ:SYMC) that present themselves as the top prospects. Here's why. Vertex Pharmaceuticals (VRTX)Vertex Pharmaceuticals is no stranger to big swings in both directions. In fact, big swings are the norm. These aren't just sizeable, trade-worthy movements though. They're actually pretty predictable in terms of size and scope. The turns are taking shape pretty much where they should, even if VRTX is incapable of moving anywhere in a straight line. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 The stock's back at a well-established technical floor now, suggesting a rebound move is nigh. This revisit of a familiar floor does look a little bit different though, in that the stock's struggled to push up and off of it. It may be a clue that the bears are just waiting to deal a proverbial death blow. Click to Enlarge • The range in question is plotted with white lines on both stock charts, tracing the major highs and lows going all the way back to 2017.• Bolstering the case for a bounce here is the fact that the stochastic indicator is into oversold territory. That's not a condition that's been allowed to last long for Vertex Pharmaceuticals, but…• …zooming out shows that VRTX has been hugging the floor in question since April. It should have rebounded by now. One or two rough days could break the support, perhaps unleashing a wave of pent-up selling. Nektar Therapeutics (NKTR)Nektar Therapeutics was beaten so badly last year that traders have been wary of stepping back into it now. But, to its credit, at least the bleeding has stopped. The few bulls still testing the waters have even established a technical floor since late last year.There's a much bigger method to the madness though. That is, the selling has been slowly but surely ground to a halt, and the would-be buyers are establishing a base from which to carry the stock higher again. While there's still much work to be done, that work is being done. Click to Enlarge • The floor in question is plotted in yellow on both stock charts, tagging all the key lows going back to late December.• Zooming out to the weekly chart we can see shares of NKTR have already started to poke through falling resistance lines.• The key to, and signal of, a fully established breakout thrust is the next move above the white 200-day moving average line at $40.86 and the weekly chart's Chaikin line moving back above the zero level. Symantec (SYMC)In late March Symantec was featured as a name that had been range-bound for several weeks, and of the effort to push above a well-established ceiling at the time failed, a retreat back to the lower boundary of that range was likely.SYMC did indeed punch through that ceiling, though it was a flawed break. With a gap left in the rearview mirror, shares started to peel back in May and eventually made their way back to the support portion of the range anyway. Since kissing that floor late last month though, the bulls appear to have regrouped and are ready to make the trip back to the ceiling again. Click to Enlarge • The range in question is between $17.50 and $23.60, marked with red and yellow lines on both stock charts.• The weekly chart also shows an oversold stochastic indicator, which more often than not does point where Symantec has moved to an unsustainable extreme.• Curiously, though shares have yet to make a solid upward move, the weekly chart's rising Chaikin line suggests there's a lot more buying interest than selling pressure in place right now.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post 3 Big Stock Charts for Friday: Symantec, Vertex Pharmaceuticals and Nektar Therapeutics appeared first on InvestorPlace.
Symantec Corp NASDAQ/NGS:SYMCView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for SYMC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold SYMC had net inflows of $3.27 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
(Bloomberg) -- Software maker CrowdStrike Holdings Inc. soared in its trading debut after raising $612 million in one of the biggest-ever initial public offerings for a cybersecurity company.Shares opened at $63.50 in New York and rose as much as 97% from their IPO price to $67. The stock closed up 71% to $58 on Wednesday. That valued the company at about $11.41 billion, almost quadruple its $3 billion valuation last June when it raised about $200 million in a private funding round.CrowdStrike sold 18 million shares on Tuesday at $34 each, above its already elevated target range, the company said in a statement confirming an earlier report by Bloomberg. The Sunnyvale, California-based company had marketed the shares for $28 to $30, a target range it had earlier raised from $19 to $23.Founded in 2011 by former McAfee Inc. executives, CrowdStrike makes software to protect clients from cyberattacks, including predicting and detecting potential hacks. Its clients include Amazon.com Inc. and HSBC Holdings Plc, according to its filings.CrowdStrike Chief Executive Officer George Kurtz said he expects continued interest in the company partly because of geopolitical events, which will prompt governments and businesses to review their security.“The stock is going to move.” Kurtz said. “We just need to stay focused on the long term -- protecting our customers from breaches.”Cyber RankingThe IPO is the fourth-largest by a cybersecurity firm, according to data compiled by Bloomberg. The largest was Avast Plc’s 602 million pound ($856 million) listing in London last year. The only other IPOs topping CrowdStrike’s were Gemalto NV’s 515 euro ($631 million) offering in 2004 and a 352 pound listing by Sophos Group Plc in London in 2015.CrowdStrike’s value approaches that of Symantec Corp. the maker of Norton antivirus software. Symantec, which went public in 1989 in a $16.5 million IPO, is currently valued at $11.86 billion.Some of CrowdStrike’s peers were buoyed by its gains. Carbon Black Inc. climbed as much as 4.4% while BlackBerry Ltd., which agreed to buy Cylance Inc. last year, was up as much as 8.1%.Like many in this year’s crop of tech companies going public, CrowdStrike is unprofitable. It reported a net loss of $140 million on revenue of $250 million for the year ended Jan. 31, compared with a net loss of $135 million on revenue of $119 million in the same period a year earlier, its filings with the U.S. Securities and Exchange Commission show.IPO WaveUber Technologies Inc.’s $8.1 billion offering is the year’s biggest, followed by smaller ride-hailing rival Lyft Inc.’s $2.34 billion IPO as well as the $2.9 billion listing by Avantor Inc., a chemical maker for the life sciences industry. Other tech-related listings this year have included Pinterest Inc. and Zoom Video Communications Inc. So far the results have been mixed for investors: While Lyft has crashed 19% from its offer price, Zoom Video remains the fourth-best performing U.S. IPO of 2019, with its shares up 185%.Slack Technologies Inc. is set to go public next week in an unusual direct listing that, according to people familiar with the matter, could value it at $16 billion to $17 billion. Other tech related companies considering IPOs include Peloton Interactive Inc., Postmates Inc. and WeWork Cos.CrowdStrike has said that it had raised $200 million in a funding round led by General Atlantic, Accel and IVP that valued the business at more than $3 billion. Alphabet Inc.’s growth equity arm CapitalG also took part in the fundraising. The company has raised more than $450 million since its founding, according to data compiled by Bloomberg.Because CrowdStrike’s Class B stock carry 10 votes per share compared to one each for Class A shares, executives directors and current investors will control about 75% of the voting rights of the company after the IPO, according to the filing.CrowdStrike’s IPO was led by Goldman Sachs Group Inc., JPMorgan Chase & Co., Bank of America Corp. and Barclays Plc. The company’s shares trade on the Nasdaq Global Select Market under the symbol CRWD.(Updates with CEO’s comments in fifth paragraph.)\--With assistance from Jeran Wittenstein, Ellen Huet and Sonali Basak.To contact the reporters on this story: Crystal Tse in Hong Kong at firstname.lastname@example.org;Liana Baker in New York at email@example.comTo contact the editors responsible for this story: Elizabeth Fournier at firstname.lastname@example.org, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Sunnyvale company's valuation soared to around $12 billion in its first day as a public company, nearly quadruple what it was last figured to be worth by private investors and roughly the same as much larger rival Symantec Corp.
President Donald Trump said Tuesday he was holding up a trade deal with China and had no interest in moving ahead, unless Beijing agrees to four or five "major points" which he did not specify. Separately, Trump said he would impose more tariffs on Chinese imports if there was no progress in talks with Chinese President Xi Jinping at the Group of 20 summit later this month. Stocks were mostly higher in early trading amid lingering optimism over Trump's decision late on Friday to hold off import tariffs on Mexico.
Symantec Corporation (NASDAQ: SYMC ) fell Tuesday after Morgan Stanley downgraded the stock, citing increased competition and management turnover as risks to the software security company’s turnaround ...
Industrials and utilities indexes led the way lower, while a decline in technology stocks, including Microsoft Corp and Adobe Inc, added pressure. Early enthusiasm for stocks was mostly "follow-through from some of the news from yesterday," said Jack Ablin, chief investment officer at Cresset Capital Management in Chicago. The S&P 500 industrial index fell 0.9%, weighed down by losses in United Technologies Corp and Raytheon Co.
United Technologies fell 4.1% and Raytheon 4.9%, a day after U.S. President Donald Trump gave mixed signals on whether he believed the $121 billion merger between the companies should go forward. Optimism over Trump's decision late on Friday to hold off import tariffs on Mexico has helped markets rally this week, even though the United States warned it would impose tariffs if its demands were not satisfied.
The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Symantec (SYMC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
How These Cybersecurity Stocks Have Performed since Start of May(Continued from Prior Part)Stock returnsSymantec (SYMC) has fallen around 21.0% since the start of May. The stock is down over 17.0% since April this year, when we identified it as
Cloud security company CrowdStrike Holdings Inc. has filed for an IPO of up to $100 million. CrowdStrike amended its May 29 S-1 from May 29, which had reported a price range $19-$23. The latest filing ...
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]The search for software stocks to buy provides both opportunities and challenges. On the one hand, software develops and changes at a rapid pace, paving the way for ever-increasing chances to profit. However, rapid changes can make it a challenge to maintain market share. Moreover, between application, business, healthcare, internet and security software, there is a dizzying array of choices when it comes to software stocks.Existing software firms can stand out from the crowd by redefining themselves. As such, they can bring new technical abilities to the marketplace, reviving their companies and their respective stocks. With a little research, investors can find these software stocks before valuations move too high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese three software stocks should provide both the growth and the new technology needed to drive their stock prices higher for years to come. * 10 Stocks to Buy That Could Be Takeover Targets Progress Software Corporation (PRGS)Progress Software (NASDAQ:PRGS) provides software-based security solutions via the cloud. The company divides itself into three sections. OpenEdge, its original product from the early 1980's, is a programming language focused on developing multi-language business applications. The company also offers cloud-based applications through its Data Connectivity and Integration division. Finally, Application Development and Deployment creates and deploys specialized apps for its clients.Despite its long history, the company may now be seeing its highest stock price growth ever. PRGS stock maintained a steady growth path following the 2008 financial crisis. And then, in 2017, the stock price almost doubled. After hitting a high of around $43 last fall, PRGS hit a low near $30 during the market downturn and has since rebounded back to the $41 per share level.The forward price-earnings ratio for the stock now stands at just 15.2, although the company's earnings per share are expected to be little changed this year.But as the cloud industry begins an inevitable consolidation, PRGS stock could become a buyout target. Its $1.84 billion market cap makes it a size any larger firm could easily absorb. With the importance of cloud-related security and low valuations, PRGS stock could stand out among software stocks to buy. National Instruments Corporation (NATI)Some software stocks revolve around research. Such is the case with National Instruments (NASDAQ:NATI). National Instruments designs and sells software to engineers and scientists. Their software covers a variety of research-related applications, such as data mining and data analysis. Some National Instruments software can perform tests within a manufacturing environment and configure other applications for real-time experiments. These simulations allow engineers and scientists to test ideas before bearing the high costs of manufacturing or building real-world models.The company has existed since 1976. However, this decade for the company has really hit its stride. The company's EPS nearly tripled last year. * 10 Stocks to Buy That Could Be Takeover Targets This growth has begun to appear in its stock. NATI stock traded under $30 per share less than three years ago. Today, it sells at about $40 per share, down from a record of high of $53.57 per share back in March 2018. As for its valuation, its forward P/E is now 29.6. While that might appear high, its five-year estimated PEG ratio is only 0.64. Also, despite its growth and long existence, NATI's market cap stands at about $5.2 billion. Although it may have taken decades to come into its own, NATI stock presents a compelling value proposition to customers and investors alike. Symantec Corporation (SYMC)Symantec (NASDAQ:SYMC) has long served as the provider of Norton AntiVirus software. This stood out among software stocks to buy during the 90s tech boom as it became a leading security platform during the PC era. As of late, SMYC has seen slower growth due to slower PC sales.However, the company focuses on more than just PCs. Symantec also provides security for both network and cloud applications. Additionally, its acquisition of LifeLock offers protection in the financial realm as well.Analysts expect these new areas of focus to bolster the stock. SYMC stock saw net income growth fall by an average of 6.9% per year over the last five years, and its EPS is expected to drop by about the same amount this year. But in 2020, its EPS is expected to rebound 8%.SYMC stock also trades at a discount. After reaching as high as $34.20 per share last September, the stock trades at around $19 per share today.This could have also created a chance to buy SYMC at a lower price. Its current forward P/E stands at just over ten. Also, keep in mind that income growth will probably return to the double-digits starting next year.PC-focused companies such as Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) have found prosperity after the decline of their one-time core product. I believe the same thing is happening to Symantec. With the low P/E and the prospects for growth, now could be an opportune time to buy it.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 3 Software Stocks to Buy for Big Changes And High Growth appeared first on InvestorPlace.
The Mountain View company said it now has more than 2,500 customers and its annual recurring revenue jumped 217 percent in the past year.