Is SYMC a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

1,795 people get SYMC articles and Market Currents by email alert.

Get email alerts on SYMC »

FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

Symantec Rides Storage Growth To $29 Despite PC Weakness
Trefis • Thu, May 9 • 1 Comment
Whisper Number Impact: Earnings Preview For Symantec
WhisperNumber • Tue, May 7
Symantec Restructures And Investors Will Benefit
Ron Sommer • Tue, Feb 5 • 2 Comments
Symantec Firm In Pattern Of Rewarding Shorts On Earnings Reports
Midnight Trader • Wed, Jan 23
This Tech Company's New CEO Bought In This Week
Insider Monkey • Sat, Aug 4, 2012 • 4 Comments
Security Not Sexy But Symantec Is Dirt Cheap
Dana Blankenhorn • Wed, Jul 11, 2012 • 2 Comments
Symantec Is Cheap
Saj Karsan • Mon, Jun 4, 2012 • 12 Comments
Earnings Preview: Symantec
Theflyonthewall • Wed, May 2, 2012
Symantec Just Became The Perfect Stock For Bargain Hunters
Trade In Mexico • Wed, Apr 25, 2012 • 3 Comments
Will Windows 8 Put A Lid On Symantec?
Dana Blankenhorn • Tue, Feb 7, 2012 • 8 Comments
Symantec: Adding To Earnings-Driven After-Hours Trade In Next Day Action
Midnight Trader • Wed, Jan 25, 2012
Earnings Preview: Symantec
Theflyonthewall • Wed, Jan 25, 2012
Symantec Gets The Better End Of A 'Win-Win' Deal
The 451 Group: Inorganic Growth • Wed, Nov 16, 2011
Symantec: The Virus Of Mismanagement
Frank Voisin • Mon, Nov 14, 2011 • 7 Comments
Earnings Preview: Symantec
Theflyonthewall • Wed, Oct 26, 2011
Symantec's Post-Earnings Performance Offers Better Pattern For Shorts
Midnight Trader • Wed, Oct 26, 2011
Symantec: A Good Buy On Any Pullback
Bret Jensen • Mon, Oct 24, 2011 • 2 Comments
Earnings Preview: Symantec
Theflyonthewall • Wed, Jul 27, 2011
Symantec's Earnings-Driven After Hours Trade Offers Better Pattern for Shorts
Midnight Trader • Wed, Jul 27, 2011
Earnings Preview: Symantec
Theflyonthewall • Wed, May 11, 2011

To learn more about Seeking Alpha Pro, click here.

Cyber Security The Next Big Thing In Internet Stocks; Lessons From The Tech Bubble
Alberto Savrieno • Wed, Jun 5 • 5 Comments
Sell-Rated Stocks In A Complacent Market
David Pinsen • Fri, May 31 • 6 Comments
Marketo - Demand For Cloud IPOs Sends Valuations To Stratospheric Highs
The Value Investor • Tue, May 21
Finding Value In Cyber Security
Justin Jaynes • Fri, May 10 • 4 Comments
Facebook's Greatest Strength May Be Its Greatest Weakness - Buy Something Else
Abu Bakr Hussain • Thu, May 9 • 27 Comments
Different Threats, Different Solutions, Many Ways To Make Money
Daniel Lauchheimer • Thu, May 2 • 14 Comments
Cloud Star Technicals Breaking Down
The GeoTeam • Tue, Apr 30 • 4 Comments
Pandemic Cyber Security Failures Open An Historic Opportunity For Investors
Robert Kientz • Sun, Apr 7
Salesforce.com And Symantec: Still Growing, Just Slower, Buy On Dip
Nick Chiu • Mon, Mar 25 • 33 Comments
Cyber-Terrorism: Working The Zombie Apocalypse And Bank Heists Into A Portfolio
Insider Monkey • Sun, Mar 17 • 2 Comments
Don't Fear Cyber Crime: Profit From It
George Schneider • Thu, Mar 14
Buy NQ Mobile, The Emerging Global Mobile Security Leader
Toro Investment Partners • Wed, Feb 27 • 21 Comments
New Flash Entrants Validate QLogic Game Plan
Frank Berry • Sun, Feb 24 • 7 Comments
VIX - Options Volatility And Market Sonar: Wednesday Recap
Erick McKitterick • Wed, Feb 20 • 12 Comments
VIX - Options Volatility And Market Sonar: Friday Recap
Erick McKitterick • Fri, Feb 15 • 4 Comments
Another Positive Catalyst For BlackBerry: BYOD And MDM
George Kesarios • Mon, Feb 11 • 69 Comments
Secure Your Portfolio: 7 Security Software And Services Stocks With Positive EBITDA - CAPEX Margin
Maani Value Guru • Tue, Jan 22
VIX - Options Volatility Sonar: Tuesday Recap
Erick McKitterick • Tue, Dec 4, 2012 • 9 Comments
VIX - Options Volatility Sonar: Monday Recap
Erick McKitterick • Mon, Dec 3, 2012
Tuesday Options Brief: RAH, SYMC & ORCL
Interactive Brokers • Tue, Nov 27, 2012

Symantec Management Discusses Q4 2013 Results - Earnings Call Transcript
Tue, May 7
Symantec's CEO Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
Wed, Feb 27
Symantec Management Discusses Q3 2013 Results - Earnings Call Transcript
Thu, Jan 24
Symantec Management Discusses Q2 2013 Results - Earnings Call Transcript
Wed, Oct 24, 2012
Symantec Management Discusses Q1 2013 Results - Earnings Call Transcript
Wed, Jul 25, 2012
Symantec's CEO Discusses Q4 2012 Results - Earnings Call Transcript
Wed, May 2, 2012
Symantec's CEO Discusses Q3 2012 Results - Earnings Call Transcript
Wed, Jan 25, 2012
Symantec's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Wed, Oct 26, 2011
Symantec Corporation - Shareholder/Analyst Call
Tue, Oct 25, 2011
Symantec's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Wed, Jul 27, 2011
Symantec's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Wed, May 11, 2011
Symantec's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Wed, Jan 26, 2011
Symantec CEO Discusses F2Q2011 Results - Earnings Call Transcript
Wed, Oct 27, 2010
Symantec F1Q11 (Qtr End 07/02/2010) Earnings Call Transcript
Thu, Jul 29, 2010
Symantec Q4 2010 Earnings Call Transcript
Thu, May 6, 2010
Symantec Corp. Q310 (Qtr End 12/31/09) Earnings Call Transcript
Wed, Jan 27, 2010
Symantec Corp. F2Q10 (Qtr End 10/02/09) Earnings Call Transcript
Wed, Oct 28, 2009
Symantec Corp. F1Q10 (Qtr End 07/03/09) Earnings Call Transcript
Wed, Jul 29, 2009
Symantec Corp. Q4 2009 (Qtr End 04/03/09) Earnings Call Transcript
Wed, May 6, 2009
Symantec Corp. F3Q09 (Qtr End 1/2/09) Earnings Call Transcript
Thu, Jan 29, 2009

President Appoints Symantec CEO Steve Bennett to National Security Telecommunications Advisory Committee

Marketwire (Jun 12, 2013)
Ponemon and Symantec Find Most Data Breaches Caused by Human and System Errors

Marketwire (Jun 5, 2013)
Cyberattacks: Big Business for Small Security Firms

at CNBC.com (May 31, 2013)
Whale Watch: Einhorn Boosts Apple Stake by 83.5%

at CNBC.com (May 15, 2013)
Feds Take Down Cyber Crime Ring

at Fox Business (May 9, 2013)
Tech Stocks: AOL falls, but Facebook, Google, Apple rally

at MarketWatch.com (May 8, 2013)
Early Movers: AOL, WEN, CTSH & More

at CNBC.com (May 8, 2013)
Earnings Watch: Updates, advisories and surprises

at MarketWatch.com (May 7, 2013)
Dow Ends at All-Time High Above 15000; S&P 500 Enters Bull Market Territory

at CNBC.com (May 7, 2013)
After Hours: Whole Foods jumps after hours on results

at MarketWatch.com (May 7, 2013)
After-Hours Buzz: DIS, JCP, EA & More

at CNBC.com (May 7, 2013)
Symantec Reports Record Revenue and Double Digit Non-GAAP EPS Growth

Marketwire (May 7, 2013)
Stocks to Watch: Stocks to Watch: Disney, Whole Foods, OfficeMax

at MarketWatch.com (May 7, 2013)
High-Speed Traders Capitalize on Loophole

at Fox Business (May 1, 2013)
Tech Stocks: BlackBerry, Apple head up tech gains

at MarketWatch.com (Apr 30, 2013)
Market Snapshot: U.S. stocks tally April gains; S&P 500 hits record

at MarketWatch.com (Apr 30, 2013)
Midday Movers: AAPL, JCP, M & More

at CNBC.com (Apr 30, 2013)
Symantec Recovers Some Losses After Mysterious Flash Move

at CNBC.com (Apr 30, 2013)
Symantec Plummets 11% in Seconds

at Fox Business (Apr 30, 2013)
Final Trade: Your First Move for Friday, April 26

at CNBC.com (Apr 25, 2013)

SYMC vs. ETF Alternatives

Company Description

Symantec is a global leader of security, storage and systems management solutions to help businesses and consumers secure and manage their information. We conduct our business in three geographic regions: Americas, which includes United States, Canada, and Latin America; EMEA, which includes... More

Sector: Technology

Industry: Security Software & Services

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, June 13, 12:26 PM Symantec (SYMC +0.4%) is set to cut up to 1.7K jobs (~8% of its workforce) as soon as today, AllThingsD reports; Bloomberg reported in January Symantec plans to cut at least 1K jobs in its restructuring, which is part of new CEO Steve Bennett's efforts to eliminate redundant products and focus on integrated software solutions. Symantec stated in its FY13 10-K it expects to record restructuring charges of $200M-$250M in FY14 (ends March '14). Comment! [Tech]
Monday, June 10, 7:16 PM Storage hardware sales are holding up only a little better than server sales: IDC estimates sales of standalone arrays fell 0.9% Y/Y in Q1, a reversal from growth of 2.3% and 4.7% in Q4 and 2012. Total storage sales (inc. server-attached gear) fell 3.2% after rising 0.7% in Q4. In the standalone market, IDC thinks #1 EMC had a 30.4% share (+140 bps Y/Y), #2 NetApp (NTAP) 14.9% (+80 bps), #3 IBM 10.9% (-50 bps thanks to a rough quarter), and #4 H-P (HPQ) 9.3% (-100 bps and also not faring well). Also: IDC thinks storage software sales rose 3.2% Y/Y in Q1. #1 EMC's share is pegged at 23.9%, #2 IBM's at 16.8%, and #3 Symantec's (SYMC) at 14.7%. CommVault (CVLT) and Veeam gained more share, growing 23% and 35% Y/Y. 5 Comments [Tech]
Tuesday, May 28, 2:22 PM With new CEO Steve Bennett set on narrowing Symantec's (SYMC) product line and eliminating redundant offerings, Symantec has quietly shuttered its PC Tools low-end consumer security software line. PC Tools, acquired in '08, was pitched as a no-frills alternative to Symantec's Norton brand. Comment! [Tech]
Saturday, May 11, 2:22 PM EMC showed off plenty of new software at its EMC World conference, but was light on hardware news. In addition to its ViPR storage management platform, EMC unveiled: 1) An OS update for its Isilon scale-out NAS systems (competes with NTAP) that adds support for data deduplication and the Hadoop big data framework. 2) A Data Protection Suite (competes with SYMC and CVLT) that ties together existing backup/archive software, while allowing for more flexible licensing. 3) The addition of hybrid cloud support for its Syncplicity cloud file-syncing platform. EMC wants to make clear it won't get left behind as a growing amount of storage industry value shifts to software, with much of it residing on servers rather than storage arrays. 1 Comment [Tech]
Wednesday, May 8, 9:17 AM Premarket gainers: ALXA +51%. PSE +19%. LEDR +16%. NBG +11%. WFM +8%. EA +6%. PRTS +6%. SFUN +6%. CTSH +5%.
Losers: FIO -22%. VCLK -19%. OCLR -19%. AXLL -9%. CIE -7%. CHRW -7%. SODA -6%. DDD -6%. SYMC -5%. Z -5%. VVUS -5%. Comment! [On the Move]
Tuesday, May 7, 6:38 PM Symantec (SYMC) -6.2% AH after guiding on its FQ4 call for FQ1 revenue of $1.61B-$1.65B and EPS of $0.35-$0.36, below a consensus of $1.7B and $0.44. Symantec is also forecasting FY14 EPS growth of 5%-7%, below a consensus of 8.5%. Are share losses to upstarts such as CommVault (CVLT) and Veeam taking a toll? Today, CommVault posted an FQ4 beat on the back of 21% Y/Y rev. growth, and stated on its earnings call it's comfortable with the Street's revenue forecasts (consensus is for 15% growth). Of course, CommVault also said it's worried about an "apparent near-term slowdown in tech spending" (many peers would concur). Comment! [Tech, Earnings, On the Move]
Tuesday, May 7, 4:12 PM Symantec (SYMC): FQ4 EPS of $0.44 beats by $0.06. Revenue of $1.748B (+4% Y/Y) beats by $18M. $125M worth of shares repurchased. Company initiates $0.15/share quarterly dividend (2.5% yield). Shares -0.1% AH. (PR) Comment! [Tech, Earnings, Breaking News, Dividends]
Tuesday, May 7, 12:10 AM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GA, GPOR, HTA, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
Monday, May 6, 5:35 PM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GTEK, GA, GPOR, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
Saturday, May 4, 3:52 PM Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK) 39 Comments [Consumer, Quick Ideas]
Friday, March 15, 7:05 PM Morgan Stanley selects 20 stocks for the long term, based on "competitive advantages, business model, pricing power, cost efficiency and growth": AMZN, AMT, BLK, CPN, CP, CVX, COST, EL, GILD, HON, JPM, LTD, MON, NWSA, PM, RPM, SBUX, SYMC, TMO, WMB. 13 Comments [Quick Ideas]
Friday, February 1, 6:34 PM "We've had to reprogram the brains of our employees because they thought about our company as 150 different point solutions," says Symantec's (SYMC) Steve Bennett in an IBD interview, suggesting his top priorities since becoming CEO in July have included eliminating redundant offerings and developing integrated solutions that "solve a higher-level problem." Bennett, whose firm recently announced a big restructuring (I, II), names Symantec's Storage & Availability Management platform (SAMG) as an example of such a solution. Comment! [Tech]
Thursday, January 24, 3:24 AM Symantec (SYMC) will reportedly cut back on its middle management as it lowers its headcount by at least 1,000 as part of its restructuring, which the software-security company announced yesterday but without providing a figure for the staff cuts. Despite the prospective job losses, Symantec plans to recruit R&D workers. Comment! [Tech, Consumer]
Wednesday, January 23, 4:17 PM Symantec (SYMC) +1.6% AH after: 1) Initiating a dividend with a 2.5% yield. 2) Authorizing a new $1B stock buyback program and promising to return ~50% of free cash flow to shareholders. 3) Promising 5%+ organic growth over the next 2-3 years, but guiding for growth of just 0%-2% for FY14. 4) Announcing a restructuring that involves creating an Office of the CEO, ramping R&D spending, conducting layoffs, and focusing on "10 key areas" that include mobile and cloud solutions. CC at 4:30PM ET (webcast). (FQ3: I, II) Comment! [Tech]
Wednesday, January 23, 9:34 AM More on Symantec: The company is splitting the chairman and CEO roles. Board member/AmEx Enterprise Growth chief has been named chairman; Steve Bennett will remain CEO. Deferred revenue +4% Y/Y to $3.81B. Consumer revenue (security software/services) +1% Y/Y (was -1% in FQ2), enterprise security +4% (+6% prior), storage/server management +8% (-2% prior, a solid turnaround). $200M in shares repurchased, boosting EPS. SYMC +4.2%. CC at 4:30PM ET (webcast), guidance should be provided. (PR) Comment! [Tech, Earnings]
Wednesday, January 23, 8:17 AM Symantec (SYMC): FQ3 EPS of $0.45 beats by $0.07. Revenue of $1.79B (+4% Y/Y) beats by $50M. Shares +5.5% premarket. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]

Nathaniel Matherson
New Article "Finding Strength in Security" http://stks.co/rFy2 $FIRE $SYMC $VRSN
Jun 9, 11:54 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

StockConsultant
$SYMC breakout watch above 24.95 and long two month price consolidation area, charts, analysis http://goo.gl/R1CYT
May 3, 5:20 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Returning Downgrades (4/30/13): $PBI, $PCL, $SYMC, $XYL
May 1, 10:23 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jim Van Meerten
$SYMC - 96% Barchart technical buy signals - 11 new highs and up 9.26% in the last month - Relative Strength Index 76.27%
Mar 14, 3:44 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jim Van Meerten
$SYMC http://bit.ly/XWYRFZ
Mar 6, 4:56 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

StockConsultant
Nice follow through today on "Stocks to Watch" $ANF $ARNA $BKD $CAT $CSCO $DGI $DLTR $NUE $OMX $PIR $SGI $SYMC $ZUMZ
Jan 16, 1:40 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

John Cofran
fully out of $SYMC up 20.7%
12/17/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

freefdawatchlist
http://bit.ly/PRvRRx STOCKS FOR OCT 25TH: $ZNGA, $ANGI, $SYMC, $INFN, $MKSI, $SIMO, $FFIV, $CROX
10/24/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

The Wall Street Transcript
Secular Growth Lifts Data Hosting and Security Equities; Analyst Discusses $SYMC, $EQIX, $INXN, $AMZN, $VZ, $CSCO - http://su.pr/69rpDc
9/20/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Jim Van Meerten
SYMC - http://bit.ly/PiXq3W
9/10/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

Jim Van Meerten
SYMC - 100% Barchart technical buy signal - 3 new highs and up 9.66% in the last month - Relative Strength Index 78.00%
9/10/12
Reply (2)

• !Report Abuse
View all 2 replies
kingShehi: When RSI gets closer to 70 isn't that a sell signal? Am I missing something here.
9/10/12
• !Report Abuse
Jim Van Meerten: I compare the the 9 and 14 day RSIs to see if the RSI is increasing or decreasing.
9/11/12
• !Report Abuse
Add a reply...

140 characters

SYMC Symantec Corporation

SYMC

Symantec Corporation