Symantec shares lose one third of value overnight

Symantec shares tank after annual report delays

The company added that it will distribute a quarterly cash dividend of United States dollars 0.075 per share.

A number of other brokerages have also recently commented on SYMC. The stock increased 1.42% or $0.02 during the last trading session, reaching $1.59. Can lifted its holdings in shares of Symantec by 1.7% in the 1st quarter. Finally, Covington Investment Advisors Inc. bought a new position in shares of Symantec in the 1st quarter valued at about $5,350,000. Millennium Mgmt Ltd Llc accumulated 31,011 shares or 0% of the stock. Institutional investors and hedge funds own 95.28% of the company's stock.

Among 34 analysts covering Symantec (NASDAQ:SYMC), 7 have Buy rating, 3 Sell and 24 Hold. The company has Beta Value of 0.93 and ATR value of 0.64. The firm beat Wall Street estimates when it reported fourth quarter and full-year results Thursday.

Symantec's forecasts for profit per share and revenues lagged Wall Street analyst expectations. Symantec had a return on equity of 14.26% and a net margin of 22.24%.

Three People Critical As KZN Mosque Targeted
Two other people were injured. "Eyewitnesses said three attackers with guns had used knives to slit the victims' throats". The attack came shortly ahead of the Muslim fasting month of Ramadan, which begins around May 16.

For the first quarter of fiscal 2019, Symantec is guiding for adjusted revenues at Dollars 1.135-1.165 billion, and adjusted operating margin of 26-28 percent, and adjusted diluted EPS at USD 0.31-0.35. According to Yahoo Finance, the average revenue estimate of 28 analysts for fiscal 2019 is US$4.93bn and the average earnings estimate of 29 analysts is US$1.81 a share. Investors of record on Friday, June 8th will be issued a $0.075 dividend. The stock of Symantec Corporation (NASDAQ:SYMC) has "Buy" rating given on Friday, August 19 by Citigroup.

Currently, the analyst consensus on Symantec Corp is Moderate Buy and the average price target is $27.25, representing a -6.6% downside. Jefferies downgraded the stock to "Underperform" rating in Thursday, January 18 report.

The consensus recommendation, according to Zacks Investment research, is 2.8. More than a dozen analysts have already downgraded the stock to a sell rating, warning that the price could continue to plunge. $1.14M worth of stock was sold by TAYLOR SCOTT C on Monday, April 16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Suzanne M. Vautrinot sold 4,000 shares of the firm's stock in a transaction dated Friday, March 9th. The disclosure for this sale can be found here.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two divisions, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.

Related News:

  • Kimbrel & Co Implode In The 8th

    Kimbrel & Co Implode In The 8th

    Red Sox relievers are tied for 21st in the majors in eighth inning ERA (5.00). "Both of these games have come down to the wire". The new AL East leaders have sole possession of the best record in the majors for the first time since July 27, 2012.
    Fight Breaks Out During Yankees-Red Sox Game

    Fight Breaks Out During Yankees-Red Sox Game

    Rodriguez's excellent outing (5 IP, 1 H, 0 ER, 3 BB, 8 K) ended up being lost in the shuffle, though, as the Yankees would rally. He also scored three runs, snapping out of a season-long slump that had seen him enter the game with a.198 batting average.
    West Ham boss Moyes expects Chicharito to miss Man Utd

    West Ham boss Moyes expects Chicharito to miss Man Utd

    Moyes's men heads into this clash following their 2-0 victory over Leicester City last weekend in the Premier League . With little to play for, it might be something of a flat atmosphere in east London on Thursday night.
  • Ebola vaccines to be shipped to DRC, WHO chief says

    Ebola vaccines to be shipped to DRC, WHO chief says

    Congo's health ministry on Tuesday , May 8, described the fresh outbreak as a "public health emergency with global impact". A new experimental vaccine has been shown to be highly effective against the virus, though quantities are now limited.
    Household of seven discovered lifeless with gunshot wounds in Australia

    Household of seven discovered lifeless with gunshot wounds in Australia

    He said homicide detectives were helping police and could not provide further details as the investigation is ongoing. However, police would only describe the call as from a "male person" connected to the property .
    People are raising ethical questions against Human-sounding Google Assistant

    People are raising ethical questions against Human-sounding Google Assistant

    A lot of Google I/O 2018 was focused on Google's assistant and how they are leading the way for new and smarter devices. Google just announced their latest update to the digital assistant and it sounds exactly like a human being.
  • Arsenal will challenge for Premier League title next season - Wenger

    Arsenal will challenge for Premier League title next season - Wenger

    On the match he would change: It's always the last one - not Leicester because there was nothing at stake - but Atletico Madrid. Wenger will take charge of his last game for Arsenal at Huddersfield on Sunday after nearly 22 years at the helm.
    IPL 2018: Mumbai Indians Inflict Heaviest Defeat on Kolkata Knight Riders

    IPL 2018: Mumbai Indians Inflict Heaviest Defeat on Kolkata Knight Riders

    While Piyush Chawla got the wickets of openers Lewis and Suryakumar, Sunil Narine scalped the wicket of Ishan Kishan . Always the go-to man whenever there's need for a breakthrough, Sunil Narine came to bowl the fourth over.
    Putin, Merkel back Iran deal

    Putin, Merkel back Iran deal

    The deal was brokered after almost 20 months of negotiation between Iran and the United States, Germany, Britain, China, Russia and France, as well as the European Union.
  • Tremors felt in North India as quake hits Afghanistan-Tajikistan border

    Tremors felt in North India as quake hits Afghanistan-Tajikistan border

    The natural disaster of magnitude 6.2 shook buildings in Afghanistan's Kabul and was felt in Pakistani cities, Reuters reported. Panic triggered across Jammu region on Wednesday when an high intensity natural disaster jolted the region.
    Pence says it's time for Mueller to wrap it up

    Pence says it's time for Mueller to wrap it up

    But Trump fears Mueller's operation is biased against him: "We have 13 people and they're all Democrats - real Democrats". Thursday, President Donald Trump and Vice President Mike Pence will return to the Hoosier State for a rally in Elkhart.
    New Rolls-Royce Cullinan revealed - aimed over and above Bentley's Bentayga

    New Rolls-Royce Cullinan revealed - aimed over and above Bentley's Bentayga

    If one wheel loses traction, that wheel's shock absorber will push down on it until it makes contact with the ground. Power-folding rear seats, split 70/30, are another first for a Rolls-Royce, as is a touchscreen infotainment system.


Most liked

Allegations of Eric Schneiderman abuse went to Trump, attorney says
Gleason asked for a protective order covering all conversations he had with Cohen about the women's claims against Schneiderman. District Judge Kimba Wood says that Cohen and Trump both knew of allegations against Schneiderman years before they surfaced.

Iran foreign minister to meet counterpart in Moscow on May 14
In exchange, worldwide sanctions imposed on Iran because of its alleged pursuit of a nuclear arsenal have been lifted. Iran reiterated that no provisions or timeframes in the 2015 agreement "are negotiable in any manner".

Victor Wanyama receives praise from Tottenham boss Mauricio Pochettino
The game kicks-off at 3pm on Sunday along with every other match on the final day of the English top flight season. The second season we finished third, but we lost the possibility to win the league against Chelsea with the draw.

Madrid Open, 3rd Ld-Writethru,712
Nadal had set a record of winning 50 consecutive sets on a single surface by beating Argentine Diego Schwartzman on Thursday. Anderson hopes to make his third final of the season and his first final appearance ever in a ATP Masters Series.

United Kingdom in contact with Congo after incident with two British nationals
Just last month, on April 9, five park rangers and their driver were killed in an ambush which saw a sixth park ranger injured. It is believed they were visiting the world-famous gorilla sanctuary the Virunga National Park .

Brooklyn Nine-Nine cancelled after fifth season
That said, I haven't seen a public outcry like the one Brooklyn Nine-Nine received yesterday in a very, very long time. Melissa Fumero , Stephanie Beatriz , Joe Lo Truglio , Dirk Blocker and Joel McKinnon Miller also star . "Wow.

Trump Optimistic About Summit With North Korean Leader
Each evening at 1830 UTC, DW's editors send out a selection of the day's hard news and quality feature journalism. The White House cautioned that any provocation from North Korea before the meeting could jeopardize the summit.

Hugh Jackman claps back at Ryan Reynolds with some sexiness advice
Deadpool 2 began screening for press today, and everyone who's seen it wants to talk about one thing: the post-credits scene. Not giving up, Reynolds tries again this time bearing red balloons but gets the same treatment from the soccer player.

Madame Tussauds London unveils Meghan Markle wax figure
Not everyone is caught up in the romance of Prince Harry and Meghan Markle's fairytale relationship and upcoming nuptials . Meghan Markle just received an early wedding present from Madame Tussauds: her very own wax figure.

Carrie Underwood Opens Up About Her Face Injury on 'Today'
If I had fallen anywhere else, I would have been perfectly fine. "My face has been healing pretty nicely as well", she added. Underwood fell outside her Nashville home in November and warned fans that she's " not quite looking the same ".

The Mets just batted out of order, costing them a scoring opportunity
Reds: There's no set plan for when Harvey will pitch or whether he'll be used as a starter or reliever initially. The Mets designated Harvey for assignment on May 4 after he refused a request from the Mets to go to the minors.

Trump Declares Republicans Had 'Great Night' in Primary Elections
Across the board, the Republican turn out was higher OH , though overall voter turnout was lower than typical primaries. Evan Jenkins , who it appears will come in second, and controversial candidate Don Blankenship for the GOP nomination.

Trump makes real progress on N. Korea
The decision to award Mr Obama the prize in 2009 just a short time after he entered the White House proved controversial. The same day, Trump said that he would hold a meeting with the North Korean leader in "the coming weeks".

Kevin Kamenetz, Baltimore County Executive and Democratic candidate for governor, dies
Several politicians have tweeted their condolences to the family of Kamenetz, including current Maryland Governor, Larry Hogan . County Executive Kamenetz was a dedicated public servant who gave 24 years of service to Baltimore County.

California becomes first state to require new homes have solar power
It does include exceptions when requiring solar panels isn't feasible - such as on a home shrouded in shade - or cost effective. California is on cusp of becoming the first US state to require solar panels on all new homes beginning in 2020.