A Look at Symantec’s RSI and Volatility after Fiscal 3Q18
Symantec stock has a beta of 0.89, which indicates that it’s likely to exhibit 11.0% less volatility than the overall market.
On February 14, 2018, Symantec stock had fallen 8.5% in the last 12 months, and it had fallen 6.0% in the last six months.
Since the beginning of this year, Symantec stock has fallen more than 5.0%, and it has lost close to 8.5% in the last year.
In late January 2018, Credit Suisse (CS) downgraded Symantec stock to “neutral” from “outperform,” which impacted its stock.
According to Symantec’s 2017 Norton Cyber Security Insights Report, hackers stole ~$172 billion in data from 978 million consumers in 2017.
In fiscal 3Q18, Symantec reported that it had ~$2.1 billion in cash and cash equivalents.
In fiscal 3Q18, Symantec’s non-GAAP net income and EPS (earnings per share) totaled $328.0 million and $0.49, respectively.
Symantec’s Consumer Digital Safety segment saw its non-GAAP revenues grow 47.0% to $584.0 million in fiscal 3Q18.
SEP 14.1 is the next-generation endpoint security offering that is built on SEP 14, which was launched in November 2016.
In fiscal 3Q18, Symantec saw an increase in multiproduct deals, many of which can be attributed to its integrated cyber defense platform.
Recent data breaches—especially the Equifax attack—increased the demand for LifeLock identity protection, which benefited Symantec in 2017.
In fiscal 3Q18, Symantec’s Enterprise Security segment’s revenues fell 3.0% year-over-year to $625.0 million.
Symantec expects its fiscal 4Q18 revenues and earnings per share to be $1.16 billion–$1.19 billion and $0.37–$0.41, respectively.
Symantec (SYMC) reported fiscal 3Q18 revenues of ~$1.2 billion, missing the Wall Street estimate by $40.0 million.
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