Symantec stock: buy or sell?
September 20th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-9||Morgan Stanley||Underweight||Equal Weight|
|2019-7-10||Monness Crespi & Hardt||n/a||Neutral|
|2019-6-11||Morgan Stanley||Equal Weight||Underweight|
|2019-5-10||Jefferies Financial Group||n/a||Hold|
|2019-4-8||Goldman Sachs Group||Neutral||Buy|
|2019-2-1||Robert W. Baird||n/a||Hold|
|2019-2-1||Credit Suisse Group||n/a||Hold|
Symantec stock analysis
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%).
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%).
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 $22.80How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-5-10||Jefferies Financial Group||Lowers Target||$22.00||$19.00||-13.6%|
|2019-4-8||Goldman Sachs Group||Upgrades||$23.00||$28.00||21.7%|
|2019-2-1||Robert W. Baird||Reiterates||n/a||$25.00||-|
|2019-2-1||Credit Suisse Group||Reiterates||n/a||$23.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince May, when Symantec presented its last earnings report, it soared a decent 7.71%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%
|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||$4,019 M||11.64%||$-106.00 M-2.6%||-104.26%|
|2018||$4,834 M||20.28%||$1,138 M23.5%||-1,173.58%|
|TTM||$3,542 M||-26.73%||$-3.00 M-0.1%||-100.26%|
Quarterly financial resultsSymantec 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%.
|2017-Q1||$1,120 M||-||$-177.00 M-15.8%||-|
|2017-Q2||$1,180 M||5.36%||$-110.00 M-9.3%||-37.85%|
|2017-Q3||$1,240 M||5.08%||$-12.00 M-1.0%||-89.09%|
|2017-Q4||$1,209 M||-2.50%||$1,342.00 M111.0%||-11,283.33%|
|2018-Q1||$1,210 M||0.08%||$-59.00 M-4.9%||-104.40%|
|2018-Q2||$1,156 M||-4.46%||$-60.00 M-5.2%||1.69%|
|2018-Q3||$1,175 M||1.64%||$-8.00 M-0.7%||-86.67%|
|2018-Q4||$1,211 M||3.06%||$65.00 M5.4%||-912.50%|
Symantec ownershipWhen 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:
|Market cap||$14.7 B||$134.9 B||$126.7 B||$224.7 B||$70.0 B|
|Total shares||617.5 M||485.4 M||885.9 M||4,430.0 M||260.1 M|
|Float shares||568.6 M||483.7 M||884.5 M||4,430.0 M||250.1 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$23.79 - $24.08|
|Average true range||$0.57|
|50d mov avg||$23.09|
|100d mov avg||$22.01|
|200d mov avg||$21.94|
Symantec performanceStocks 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.
Symantec competitorsWe selected a few stocks to conform a list of Symantec competitors to examine if you are interested in investing in SYMC:
- Adobe (ADBE)
- International Business Machines (IBM)
- Intel (INTC)
- Intuit (INTU)
- Microsoft (MSFT)
- Oracle (ORCL)
- Vmware (VMW)
Latest Symantec stock news
- InvestorPlaceSymantec News: SYMC Stock Sinks as Broadcom Deal FizzlesJuly 15, 2019
- Investors.comStocks Open Lower; Symantec Jumps, Apple Growth Seen 'Deteriorating'July 8, 2019
- InvestorPlaceSymantec News: SYMC Stock Rockets Higher on Broadcom BuzzJuly 3, 2019
- Investors.comStock Futures Follow Tesla, Symantec Higher; Techs Pace Dow JonesJuly 3, 2019
- Investors.comDow Jones Futures: Tesla Deliveries Hit Record; Broadcom Eyes Symantec DealJuly 2, 2019