| Symantec (SYMC) Crumbles: Stock Falls by 6.8% | |
| | |
|
Symantec Corporation (SYMC) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SYMC, as the stock is now down 9% since Jul 17.
On Aug 11, the company reported first quarter fiscal 2016 results in which the earnings per share declined year over year.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
SYMC currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is MicroStrategy Inc. (MSTR), holding a Zacks Rank #1 (Strong Buy).
Is SYMC going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SYMANTEC CORP (SYMC): Free Stock Analysis Report MICROSTRATEGY (MSTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
SYMANTEC is a exploration company based in United states of america. SYMANTEC is listed in United States of America. Its market capitalisation is US$ 14.7 billions as of today (€ 13.2 billions). Its stock quote reached its lowest recent point on October 09, 1992 at US$ 0.75, and its highest recent level on November 04, 2019 at US$ 23.75. SYMANTEC has 618 830 016 shares outstanding. |