On Thursday, February 1 Morgan Stanley maintained the shares of SYMC in report with "Equal-Weight" rating. UBS lowered Symantec from an "outperform" rating to a "market perform" rating in a research note on Friday. Currently, the stock has a 1 Year Price Target of $29.94.
In total 12 analysts cover Symantec (NASDAQ:SYMC). More than a dozen analysts have already downgraded the stock to a sell rating, warning that the price could continue to plunge. Baird reiterated a "hold" rating and issued a $25.00 price target on shares of Symantec in a research note on Friday.
The company, which is valued at $18.19B, last published its earnings results on Wednesday, 01/31/2018 for the quarter that ended in Dec-17.
The High Revenue estimate is predicted as 1.28 Million, while the Low Revenue Estimate prediction stands at 1.18 Million.
On its post-earnings call Symantec canceled its customary question and answer session with analysts.
Notably, the stock has underperformed the industry in a year's time. Keeping tabs on historical price performance, as well as both long-term and short-term trends, can be very useful. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Nasdaq.com and their article: "Symantec Corporation Stock Plummets On Weak Y2019 Guidance" published on May 11, 2018 as well as Streetinsider.com's news article titled: "S&P, Dow edge higher on healthcare gains, tech drags" with publication date: May 11, 2018. Orbis Investment Management (U.S.) Llc owns 433,598 shares or 8.26% of their USA portfolio. Turning to look at the last 6 months, this stock has added 1.74% to its price.
Now let's examine some potential support and resistance levels for this particular stock.
As trading progressed Friday, Symantec's shares had fallen to $19.50 after closing Thursday at $29.18. Moreover, non-GAAP operating margin was above the high end of the company's guided range of 33-34%.
Regular shareholders want to find out how lucrative the capital that they've invested into a business has become. On Wednesday, September 6 the stock rating was initiated by Moffett Nathanson with "Hold". This company's ROA is now 6.40%. Return on Equity (ROE) stands at 27.4% and Return on Investment (ROI) of -0.6 percent. A percentage that's positive means that profits exceed costs - so analysts consider the investment as a net gain.
"The internal probe. could result in a restatement of financials but worse case, there is also the risk of leadership fall-out and/or customer hesitation if there are credibility concerns", Deutsche Bank analysts said. The Weekly and Monthly Volatility stands at 2.16% and 2.14%. The company has Beta Value of 0.93 and ATR value of 0.64. Volatility demonstrates how much the stock will dive or rise if the wider market suffers or surges. Institutional investors and hedge funds own 95.28% of the company's stock. Bp Pcl has invested 0.07% of its capital in Symantec Corporation (NASDAQ:SYMC).
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However, it generally seemed to have passed when Khloe attended a Cavs playoff game last weekend in support of her fiancee. Kylie [ Jenner ]'s like, 'I'll do it!' and Kourtney [ Kardashian ] is like, 'I'll do it!' It's a good problem to have"'.
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