|Bid||18.00 x 1000|
|Ask||20.00 x 21500|
|Day's Range||18.49 - 18.97|
|52 Week Range||17.81 - 34.20|
|PE Ratio (TTM)||10.18|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||0.30 (1.54%)|
|1y Target Est||21.47|
Leafminer Attack Group Attempts to Infiltrate Targets Through Various Means of Intrusion
Symantec Corp. (SYMC) received on August 10, 2018 a standard notice from Nasdaq stating that, as a result of not having timely filed its quarterly report on Form 10-Q for the quarterly period ended June 29, 2018, Symantec is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. The Nasdaq notice has no immediate effect on the listing or trading of Symantec’s common stock on the Nasdaq Global Select Market. As previously announced, Symantec received a notice of non-compliance from Nasdaq on May 31, 2018 due to delay in the filing of Symantec’s annual report on Form 10-K for the fiscal year ended March 30, 2018 (the “Form 10-K”).
consumer business "lacks a major catalyst," said Arthur Wood Equity Research analyst Paul Rodriguez. "The consumer business was built on Symantec's well-regarded Norton Anti-Virus platform which was a strong business in the PC era.
News Corp. reported adjusted quarterly profit of 8 cents per share , two cents above estimates. The Wall Street Journal publisher also saw revenue top forecasts, thanks to growth in real estate listings, book publishing, and subscription video services. Tesla TSLA – Tesla's board of directors will meet with financial advisors next week to discuss CEO Elon Musk's proposal to take the company private, according to sources.
Cisco Systems (CSCO) continued to lead the worldwide security appliance market with a share of 16.4% at the end of the first quarter, up from 15.3% in the first quarter of 2017. According to market research company IDC, Cisco’s revenue rose 22.8% YoY (year-over-year) to $533.31 million in the first quarter compared to the overall growth rate of 14.3%.
Since launching in August 2017, Symantec’s Norton Core secure Wi-Fi router for the connected home has blocked more than 90 million threats at the network level. Powered by Symantec’s global Threat Intelligence Network, the world’s largest civilian cyber intelligence network, Norton Core is helping defend consumers’ home networks from hackers, botnets and other sophisticated and aggressive malicious attacks. Further, Symantec research1 found there was a 600 percent increase in overall IoT attacks since 2017, with routers identified as the most attacked device in the home.
After Symantec (NASDAQ:SYMC) first disclosed its accounting problems in May, the stock quickly tanked and fell below $20 a share. Now with a forward P/E of 11, SYMC stock is well below fair value. Symantec forecast full-year revenue would fall below the $4.83 billion consensus estimates and in the range of $4.67-$4.79 billion.
Symantec (SYMC) posted better-than-expected results for its fiscal first quarter of 2019 on August 2, but the company slashed its revenue forecast for the fiscal year, which wiped ~9% off its value in after-hours trading on the day. Of the 27 analysts covering Symantec, two have rated the stock as a “buy,” while two have rated it as a “sell,” However, 23 analysts have given the stock “hold” ratings. Analysts have given the stock a target price of $23.72 and a median consensus estimate of $23.00.
In the fiscal first quarter of 2019, Symantec (SYMC) delivered an adjusted operating income of $313 million, down 17% from the $377 million it reported in the previous year’s quarter. Its adjusted operating margin also contracted 370 basis points to 27.0% in the quarter. The company expects to see a non-GAAP (generally accepted accounting principles) operating margin of 30% in fiscal 2019, which is at the lower end of its previous guidance range of 30%–32% for fiscal 2019.
Symantec (SYMC) reported its results for the fiscal first quarter 2019 on August 2, with its top and bottom line results surpassing analysts’ consensus estimates. While its EPS of $0.34 rose 3% YoY (year-over-year), its revenue of $1.16 billion fell 1.6% YoY in the quarter. Symantec’s peer Microsoft (MSFT) reported its fiscal fourth-quarter results on July 19.
Symantec (SYMC) stock fell 9% in after-hours trading on August 2 after the company reported its results for the fiscal first quarter of 2019 and slashed its revenue forecast for the fiscal year. Symantec has underperformed the market so far this year. Symantec’s revenue of $1.16 billion exceeded analysts’ expectations of $1.15 billion by 0.9% but fell 1.6% compared to its revenue of $1.18 billion in the same quarter of the previous year primarily due to sales falls in its Enterprise Customer division.
NEW YORK, NY / ACCESSWIRE / August 6, 2018 / It was a day of red for both 51job, Inc. and Symantec Corporation on Friday as both companies reported financial results. Both companies reported dismal outlooks. ...
The only name of consequence that headed meaningfully higher was DISH Network (NASDAQ:DISH), up 14.5% in response to its second-quarter report. Heading into the new trading week, those appear to be Entergy (NYSE:ETR), Incyte (NASDAQ:INCY) and SL Green Realty (NYSE:SLG). When Entergy reported better-than-expected second-quarter earnings last week, the stock jumped.
Stocks that moved substantially or traded heavily Friday: Take-Two Interactive Software Inc., up $10.17 to $123.41 The video game publisher raised its annual forecasts after a strong first quarter. Symantec ...
Symantec beat on revenue in the quarter. Accounting for foreign exchange and one-time costs, total revenue would have been 2 percent higher year-over-year instead of the reported 5.1 percent decline, Talpaz said in a note. Management attributed the poor implied billings performance to an elongating sales cycle, which Talpaz said may be a valid reason to explain Symantec's headwinds.
As enterprise customers sit down for long and complicated talks before signing multiyear license and support deals, the security expert is spinning its wheels.
Symantec (SYMC) first-quarter fiscal 2019 results surpass expectations. However, lower revenues from Enterprise Security resulted in an unfavorable year-over-year comparison.
Among the companies with shares expected to trade actively in Friday's session are American International Group, CBS, Kraft Heinz, Take-Two Interactive and Dish Network.
Symantec (SYMC) reported its fiscal Q2 2018 financial results on August 2. Its non-GAAP EPS after adjustments came in at $0.34, up 3% YoY (year-over-year). It surpassed the Wall Street Journal’s estimate of $0.33. In aftermarket trading, SYMC stock fell 9% to $19, mainly due to the company’s reduced outlook for fiscal 2019.
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / U.S. equities finished mostly higher on Thursday as Apple breaching the 1 trillion dollar valuation plateau offset the ongoing trade concerns between the U.S. ...
U.S. stock index futures rose slightly on Friday ahead of the July jobs report, while the ongoing trade dispute between the United States and China weighed on investor sentiment. China is willing to resolve differences with Washington on an equal footing, the Chinese government's top diplomat said after meeting U.S. Secretary of State Mike Pompeo, but added they did not address their trade war too specifically.