|Bid||22.80 x 800|
|Ask||23.32 x 3200|
|Day's Range||22.98 - 23.20|
|52 Week Range||17.43 - 29.20|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 8, 2019 - May 13, 2019|
|Forward Dividend & Yield||0.30 (1.30%)|
|1y Target Est||23.77|
Faced with diminishing returns from ransomware and cryptojacking, cyber criminals are doubling down on alternative methods, such as formjacking, to make money according to Symantec’s (SYMC) Internet Security Threat Report (ISTR), Volume 24. Symantec's ISTR provides an overview of the threat landscape, including insights into global threat activity, cyber criminal trends, and motivations for attackers.
Moody's Investors Service ("Moody's") confirmed Symantec Corporation's ("Symantec") Baa3 senior unsecured rating. Symantec's Audit Committee investigation has since concluded, annual and quarterly financial statements have been made current with the Securities and Exchange Commission and the company recently announced a revised capital allocation plan including its intention to deploy excess cash toward pre-paying a $600 million unsecured term loan due August 2019 and to an upsized $1.3 billion share repurchase authorization program. The confirmation of the Baa3 rating reflects Symantec's progress in deleveraging as well as Moody's expectation for improving revenues, operating margins and cash flow in FYE March 2020.
CyberArk (NASDAQ:CYBR) spiked higher in Thursday trading on a solid quarterly report. The Israeli-based online security firm blew away earnings and revenue estimates and garnered a lot of attention for CyberArk stock.Source: Shutterstock While this will please investors who bought before the announcement, valuation and growth forecasts warrant caution in CyberArk stock. Although CYBR should move higher in the long-term, the move higher makes the short and medium term outlook uncertain. CyberArk Stock Beat EstimatesIn Q4, Cyberark reported non-GAAP earnings of 89 cents per share, 30 cents per share higher than analysts had anticipated. The company also doubled its net income over year-ago levels, when the company reported a profit of 41 cents per share. * 10 Hot Stocks Leading the Market's Blitz Higher Likewise, revenue also came in well ahead of estimates. CYBR brought in $109.1 million, $13.16 million more than expected. This represents a year-over-year increase of 35.7%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFull-year results also came in ahead of expectations. As with the quarterly results, annual net income came in 30 cents per share ahead of $1.76 per share consensus estimate. The company earned $2.06 per share, 77.6% higher than the $1.16 per share in non-GAAP earnings reported in 2017. Revenues of $343.2 million beat estimates by $13.3 million. They also rose 31% above 2017 levels.First quarter 2019 guidance also surprised to the upside. CyberArk expects between $91 million and $93 million. This would take net income somewhere between 39 cents and 42 cents per share.For fiscal 2019, analysts predict somewhere between $411 million and $415 million in revenue. This brings about a slight increase in income estimates. The company forecasts between $1.94 and $2.00 per share in earnings. Financial Metrics Imply a Temporary SetbackTraders took this news well, and CyberArk stock rose to $104.06 per share, an increase of 20.5% from Wednesday's close. Two weeks ago when the stock traded in the mid-$80s per share level, I described CYBR as expensive, but worth it.While this has pleased investors, I also see this as a time for caution, and a warning to look more closely at the numbers. Thursday's spike in CYBR stock takes the forward price-to-earnings (PE) ratio to almost 54. The high end of the company's earnings estimates comes to $2 per share. Investors should realize that if this happens, it will represent a slight decline in earnings for 2019.For this reason, I see a temporary pause or even a pullback happening. However, analysts still expect an average earnings growth rate of 33.2% per year over the next five years. Hence, I would expect an interruption, not a downtrend.As for CyberArk stock, I still see it as a buy on any pullback. Tech advances will make CyberArk and peers such as Check Point Software (NASDAQ:CHKP) and Palo Alto Networks (NASDAQ:PANW) at least as necessary as Symantec (NASDAQ:SYMC) was in the PC world.After all, its current applications, as well as the ones that will probably come from 5G, make CyberArk's software all the more important. However, valuations have become frothy. For those who want to take some profits, I see now as a good time. Concluding Thoughts on CyberArk stockCyberArk faces a bright long-term future amid an unclear near-term outlook. CYBR blew away earnings and revenue estimates for both Q4 and fiscal 2018. The company also raised guidance for both the next quarter and the upcoming fiscal year.This good news has the result of clarifying the long-term outlook while making the short-term more uncertain. Amid the good news, the outlook implies profit shrinkages for fiscal 2019. Although I think this amounts to a pause rather than a peak, it could make investors question the 54 forward PE ratio for now.I do not want to discourage those who wish to buy CyberArk. However, given the near-term outlook, I would urge investors to take profits now and buy later.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 * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Blowout Earnings Aside, Lay off CyberArk Stock for Now appeared first on InvestorPlace.
[Editor's note: This story was previously published in MONTH YEAR. 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. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Source: Shutterstock 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 $37 per share level.The forward price-earnings ratio for the stock now stands at just 14.5, 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 $1.66 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. Source: Larry D. Moore via Wikimedia (Modified) 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,and it's expected to jump another 24% this year. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? 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 $45.50 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 32. While that might appear high, its five-year estimated PEG ratio is only 0.66. Also, despite its growth and long existence, NATI's market cap stands at about $6 billion. Although it may have taken decades to come into its own, NATI stock presents a compelling value proposition to customers and investors alike. Source: Shutterstock 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 14%.SYMC stock also trades at a discount. After reaching as high as $34.20 per share last September, the stock trades at around $23 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 13. 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 * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Software Stocks to Buy for Big Changes And High Growth appeared first on InvestorPlace.
Email Fraud Protection now available as part of Symantec’s Email Security Solution and Integrated Cyber Defense Platform
Tech News: Amazon-Rivian Deal, AT&T on 5G, and More(Continued from Prior Part)Moody’s ratings on SymantecOn February 12, Moody’s Investors Service confirmed its “Baa3 senior unsecured” rating on Symantec (SYMC) and changed its outlook
Cisco Systems (CSCO) gains from strength in Security and Applications segment. Order strength and improving traction of the subscription-based model were other tailwinds.
Groupon (GRPN) hurt by lower customer traffic. However, investments in scaling Groupon+ and maximization of long-term gross profit are a positive.
Symantec acquired a two-year-old cloud security startup to help improve its hybrid cloud-based enterprise security.
Experts told the Business Journal that the search for C-suite executives in Silicon Valley is more complex than ever — a dynamic that presents both challenges and opportunities.
Akamai (AKAM) benefited from robust performance of cloud security business, growth in Media and Carrier Division, strong seasonal traffic and operational efficiency.
IPG Photonics (IPGP) benefits from growth in communications, medical and government applications. However, weakness in 3D printing and metal cutting remains a concern.
Cyber security firm Symantec Corp said on Tuesday it acquired Israel's Luminate Security in an effort to boost its security systems for cloud computing. Financial details of the deal were not disclosed. Luminate, founded in 2017, says its technology can securely connect users from any device, anywhere in the world, to corporate applications on-premises and in the cloud.
Symantec Corp. (SYMC), the world’s leading cyber security company, today announced the acquisition of Luminate Security, a privately held company with pioneering Software Defined Perimeter technology. Luminate’s Secure Access Cloud™ technology further extends the power of Symantec’s Integrated Cyber Defense Platform to users as they access workloads and applications regardless of where those workloads are deployed or what infrastructure they are accessed through.
Match Group's (MTCH) increase in its average subscriber base, driven primarily by solid contribution from Tinder is a key catalyst.
Symantec Corp. (SYMC), the world’s leading cyber security company, announced today that CRN®, a brand of The Channel Company, has named Torjus Gylstorff, Symantec’s vice president, worldwide partner sales, to its prestigious list of 2019 Channel Chiefs. The top IT channel leaders included on this list continually strive to drive growth and revenue in their organization through their channel partners. Each of the 2019 Channel Chiefs has demonstrated exceptional leadership, vision, and commitment to their channel partner programs.
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MU(Continued from Prior Part)Company banking on subscription business to drive growthCheck Point Software Technologies (CHKP) is aiming to hit a revenue milestone of $2.0 billion in 2019.
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MUNoviello to stay on until successor appointed Nicholas Noviello, Symantec’s (SYMC) CFO, has decided to step down from the position to pursue opportunities outside the cybersecurity
Teradata's (TDC) fourth-quarter 2018 results benefit from growing adoption of Teradata Vantage but ongoing transition to subscription-based model hurts.
Symantec Corp NASDAQ/NGS:SYMCView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding SYMC totaled $20.02 billion. Additionally, the rate of outflows appears to be accelerating. 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 firstname.lastname@example.org.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.