SYMC - Symantec Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
22.67
+0.33 (+1.48%)
At close: 4:00PM EST
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Previous Close22.34
Open22.54
Bid22.22 x 2900
Ask22.67 x 800
Day's Range22.46 - 22.73
52 Week Range17.43 - 29.20
Volume2,908,551
Avg. Volume6,058,029
Market Cap14.491B
Beta (3Y Monthly)1.09
PE Ratio (TTM)N/A
EPS (TTM)-0.10
Earnings DateMay 8, 2019 - May 13, 2019
Forward Dividend & Yield0.30 (1.30%)
Ex-Dividend Date2019-02-15
1y Target Est23.34
Trade prices are not sourced from all markets
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    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's8 days ago

    Symantec Corporation -- Moody's confirms Symantec's Baa3 rating; outlook changed to stable

    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.

  • Blowout Earnings Aside, Lay off CyberArk Stock for Now
    InvestorPlace8 days ago

    Blowout Earnings Aside, Lay off CyberArk Stock for Now

    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.

  • 3 Software Stocks to Buy for Big Changes And High Growth
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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.

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    Symantec acquires Israel's Luminate, with an eye on cloud security

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  • Business Wire12 days ago

    Symantec Acquires Software Defined Perimeter and Zero Trust Innovator Luminate Security to Extend the Power of Integrated Cyber Defense in the Cloud Generation

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