Hot Mover to Watch – Symantec Corporation (NASDAQ: SYMC)


Symantec Corporation (NASDAQ: SYMC) stock encountered a rapid change of -12.54% in the last hour of Friday’s trading session. The stock settled the final trade on $19.39. Symantec Corp. (SYMC) stated fiscal fourth-quarter net income of $34 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Mountain View, California-based company said it had profit of 5 cents. Earnings, adjusted for one-time gains and costs, came to 39 cents per share. The results matched Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 39 cents per share.

The security software maker posted revenue of $1.19 billion in the period. Its adjusted revenue was $1.2 billion, which fell short of Street forecasts. Ten analysts surveyed by Zacks expected $1.21 billion. For the current quarter ending in July, Symantec anticipates its per-share earnings to range from 30 cents to 34 cents.

The company said it anticipates revenue in the range of $1.18 billion to $1.21 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.2 billion. Symantec anticipates full-year earnings in the range of $1.65 to $1.80 per share, with revenue ranging from $4.76 billion to $4.9 billion.

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Analysts consider this stock active, since it switched over with 31,089,412 shares as compared to its average volume of 4.74M shares. The Average Daily Trading Volume (ADTV) demonstrates trading activity related to the liquidity of the security. When Ave Volume tends to increase, it shows enhanced liquidity. But when Ave Volume is lower, the security will tend to be cheap as people are not as keen to purchase it. Hence, it might have an effect on the worth of the security.

The stock has turned around -32.56% yearly, so it gives a chance to investors, traders, shareholders and stakeholders to take a look at the complete situation of the market. The stock has come back -17.66% weekly shift, because it was maintained at -18.32% in the one month period. Hence, this depicts the stock’s weekly as well as monthly performance. The market capitalization of the corporation settled $14.17B whereas it’s P/B Ratio was 2.09. By using the P/B Ratio methodology, you can compare the value of stock market to its book value. For a smooth stock market functioning, the P/B Ratio must be high and vice versa. Financial investors own 0.50% stake in the business, while Beta Factor, which is generally used to evaluate the riskiness of the security, was moved 1.13.

Meanwhile, shares of the company were making trade -18.51% away from the 20-days SMA and -8.90% away from the 200-days SMA. Currently, the stock is trading -33.60% ahead of its 52-week high and 11.28% beyond its 52-week low. In the meantime, the Symantec Corporation’s 14-day RSI was settled at 15.58.



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