Symantec stock: buy or sell?

SYMC stock price: $23.88 -0.42% At close on September 20th, 2019

Updated on:
September 20th, 2019

3

Symantec shares declined -0.42% to $23.88 today. Friday was the third red session in a row, sliding in full a -2.27%.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security.

Should I buy Symantec stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Symantec stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean SYMC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Symantec stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we detected 12 ratings published for SYMC stock in the last 30 days.

Is SYMC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-9Morgan StanleyUnderweightEqual Weight
2019-8-13Argusn/aHold
2019-7-4Wedbushn/aNeutral
2019-7-10Monness Crespi & Hardtn/aNeutral
2019-6-17MizuhoNeutralBuy
2019-6-11Morgan StanleyEqual WeightUnderweight
2019-5-10Jefferies Financial Groupn/aHold
2019-4-8Goldman Sachs GroupNeutralBuy
2019-3-26Mizuhon/aNeutral
2019-2-4Evercore ISIn/aHold
2019-2-1Robert W. Bairdn/aHold
2019-2-1Credit Suisse Groupn/aHold

Symantec stock analysis

Daily outlook

Symantec declined an ugly -0.42% and closed at $23.88.

Shares of Symantec declined an ugly -0.42% and closed at $23.88. Since price and SMA200d lines crossed up on Aug/8, SYMC climbed $3.47 (17.00%). Since SMA50d and SMA100d crossed up on August 16th, SYMC price climbed $0.74 per share (3.20%).

SYMC stock chart (daily)

Weekly outlook

Shares of Symantec slipped a fatal -2.37% this week. Late July SYMC plunged a scary -7.47% in just one week. Early September SYMC boosted a brilliant 5.18% in just one week.

Since price and SMA40w lines crossed up early August, SYMC climbed $2.73 (12.91%). Since early February when SMA20w and SMA40w crossed up, SYMC price gained $1.13 per share (4.97%).

SYMC stock chart (weekly)

Symantec stock price history

Symantec IPO was on June 23rd, 1989 at $0.49 per share1. Since then, SYMC stock grew a 4,773.50%, with a yearly average of 159.10%. If you had invested $1,000 in Symantec stock in 1989, it would worth $47,735.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Symantec stock historical price chart

SYMC stock reached 52-week highs on July at $26.07, and all-time highs 2017-09-20 with a price of 33.32.

Symantec stock price target is $22.80

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 8 price forecasts for SYMC stock posted in the last month:
SYMC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-4WedbushReiterates$26.00$28.007.7%
2019-6-17MizuhoUpgrades$22.00$23.004.5%
2019-6-11Morgan StanleyDowngrades$23.00$14.00-39.1%
2019-5-10Jefferies Financial GroupLowers Target$22.00$19.00-13.6%
2019-4-8Goldman Sachs GroupUpgrades$23.00$28.0021.7%
2019-2-4Evercore ISIReiteratesn/a$22.00-
2019-2-1Robert W. BairdReiteratesn/a$25.00-
2019-2-1Credit Suisse GroupReiteratesn/a$23.00-
(in average)$23.20$22.80-2.0%
The price forecast for Symantec stock is $22.80, moving in a range between $28.00 and $14.00.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since May, when Symantec presented its last earnings report, it soared a decent 7.71%. Unfortunately, reported EPS is not yet available in our database.
SYMC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.17n/a
2017-Q2-n/a-0.07n/a
2017-Q32017-11-010.430.4-7.0%
2017-Q42018-01-310.440.4911.4%
2018-Q12018-05-100.250.264.0%
2018-Q22018-08-020.150.1926.7%
2018-Q32018-11-010.170.376.5%
2018-Q42019-01-310.260.3742.3%
2019-Q12019-05-080.39n/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Symantec annual turnover boosted a super good 20.28% to $4,834.00 million USD from $4,019.00 marked in 2017. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) skyrocketed a 26.18% to 23.54%.

Symantec fiscal year ends in March, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Symantec TTM sales up to were $3,542.00 and earnings $-3.00 million USD. When comparing this TTM figures with the last reported annuality, we can review Symantec business evolution since March 2018: Annual turnover up to , compared to lastest yearly report, plummed a spooky -26.73%. Regarding profit margin, Symantec collapsed -23.63% to 23.54%

SYMC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$6,910 M-$765 M11.1%-
2014$6,680 M-3.33%$898 M13.4%17.39%
2015$3,956 M-40.78%$878 M22.2%-2.23%
2016$3,600 M-9.00%$2,488 M69.1%183.37%
2017$4,019 M11.64%$-106.00 M-2.6%-104.26%
2018$4,834 M20.28%$1,138 M23.5%-1,173.58%
TTM $3,542 M-26.73%$-3.00 M-0.1%-100.26%

Quarterly financial results

Symantec posted M in sales for 2019-Q1, a -100.00% less compared to previous quarter. Reported quarter income marked M with a profit margin of . Profit margin remained steady a 0.00% compared to previous quarter when profit margin was 5.37%. When comparing turnover to same quarter last year, Symantec sales marked a hair-raising decrease and plunged a -100.00%.
SYMC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$1,120 M-$-177.00 M-15.8%-
2017-Q2$1,180 M5.36%$-110.00 M-9.3%-37.85%
2017-Q3$1,240 M5.08%$-12.00 M-1.0%-89.09%
2017-Q4$1,209 M-2.50%$1,342.00 M111.0%-11,283.33%
2018-Q1$1,210 M0.08%$-59.00 M-4.9%-104.40%
2018-Q2$1,156 M-4.46%$-60.00 M-5.2%1.69%
2018-Q3$1,175 M1.64%$-8.00 M-0.7%-86.67%
2018-Q4$1,211 M3.06%$65.00 M5.4%-912.50%

Symantec ownership

When you are planning to buy a company, it's worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Symantec, 1.03% of all outstanding shares are owned by its staff.

Bearish positions for SYMC stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related stocks:

SYMCADBEIBMINTCINTU
Market cap$14.7 B$134.9 B$126.7 B$224.7 B$70.0 B
Total shares617.5 M485.4 M885.9 M4,430.0 M260.1 M
Float shares568.6 M483.7 M884.5 M4,430.0 M250.1 M
  - Institutional holdings (%)93.3%88.9%57.5%68.8%90.0%
  - Insider holdings (%)1.0%0.3%0.1%0.1%4.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Symantec summary

Friday, September 20th, 2019
Open$23.98
Close$23.88
Day range$23.79 - $24.08
Previous close$23.98
Session gain-0.42%
Average true range$0.57
50d mov avg$23.09
100d mov avg$22.01
200d mov avg$21.94
Daily pattern
Weekly pattern

Symantec performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked Adobe, International Business Machines, Intel, Intuit, Microsoft, Oracle, and Vmware as the bechmarking frame for Symantec stock.
Stock3m6m12m
SYMCSymantec14.59%4.87%15.47%
ADBEAdobe-7.16%7.02%6.53%
IBMInternational Bus...3.92%4.96%-0.91%
INTCIntel7.59%-3.54%11.50%
INTUIntuit3.11%6.91%23.09%
MSFTMicrosoft2.14%19.97%23.96%
ORCLOracle-4.38%2.14%6.33%
SAP-11.05%8.43%-0.41%
VMWVmware-13.02%-17.90%19.37%

Symantec competitors

We selected a few stocks to conform a list of Symantec competitors to examine if you are interested in investing in SYMC:

Latest Symantec stock news