Symantec Corporation (SYMC): What’s the Story?

Symantec Corporation (SYMC) is an interesting player in the Technology space, with a focus on Security Software & Services. The stock has been active on the tape, currently trading at $28.77, up from yesterday’s close by 0.38%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Symantec Corporation (SYMC) currently trades with a market capitalization of $17.69 Billion. That value represents a market adjusting for revenues that have been growing by 26.66 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $784 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.44 on a per share basis this quarter. Perhaps, that suggests something about why 1.32% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Symantec Corporation recorded a 52-week high of $34.20. It is now trading 5.43% off that level. The stock is trading $28.71 its 50-day moving average by -0.059999999999999%. The stock carved out a 52-week low down at $25.05.

In recent action, Symantec Corporation (SYMC) has made a move of -0.52% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.68% with $614.23 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SYMC.

Previous articleDigging Up the Facts on GGP Inc. (GGP)
Next articleChecking the Overall Picture for Plains All American Pipeline, L.P. (PAA)