Did Symantec Corporation (SYMC) Trigger A Hold Signal? – Stock News Gazette

Symantec Corporation (NASDAQ:SYMC) gained 1.44% in Friday’s session, going up from its prior closing price of $31.90 to $32.36, and has now recorded rally in 4 consecutive sessions. Many in the market will be closely watching whether this winning streak is sustainable or take a temporary pause for the next couple of trading sessions. The stock price went upward in 7 of the last 10 days, but has retreated -1.37% over the same course of time. Trading activity decreased by -0.41 million shares, and in total, 3.36 M shares exchanged hands for about $108.60 million. It should be noted that increasing price and decreasing volume show lack of interest and this is a warning that something has fundamentally changed.

Inside SYMC’s Recent Trend

Symantec Corporation (SYMC) lies in the middle of a wide and strong rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 11.79% over the course of a quarter and, with 90% chance the price will be floating in the range of $33.94 and $39.35 in this timeframe.

Symantec Corporation Technical Signals

SYMC has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $32.53. On a drop, the stock is likely to find some support over the long run, which begins at $32.15. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal. Its pivot point low generated buy signal on Tuesday October 10, 2017, which calls for additional surge until the stock forms a new pivot point high. There was a decrease in volume but the price rose. This is usually not interpreted as a good sign as traders widely believe falling volume should see declining stock. Investors should be watching the price action like a hawk in the coming sessions.

Symantec Corporation (NASDAQ:SYMC) Support And Resistance Levels

Symantec Corporation (SYMC) recorded volume accumulation so there will probably be a surplus of buyers at $31.63. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $32.75, $33.24 and $33.73.

Accumulated volume is going to prevent the price from rising further at $32.75 and this action will lead the price to take a temporary pause or stay muted for a few days.

Symantec Corporation (SYMC) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.41 (1.28%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 2.12%.

Why You Should Not Give Up On Symantec Corporation (SYMC), Ball Corporation (BLL)?

Symantec Corporation (NASDAQ:SYMC) attracted a lower number of shares in volume with 3.36 million contracts traded on 13-Oct-17. However, its trading capacity stayed around 6.72 million shares in normal days. The first sale was made at $32.14 but later the stock became weaker, and closed with a gain of 1.44%. It was last traded at $32.36 apiece.

Symantec Corporation (SYMC): Hold Candidate With 2.84% Upside Potential

Symantec Corporation is maintained at an average hold rating by 29 stock analysts, and there are at least 3.62% of shares outstanding that are currently legally short sold. The shares went down by -1.79% in value last month. Year-to-date it jumped 35.45%. Analysts are turning out to be more optimistic than before, with 11 of analysts who cover Symantec Corporation (NASDAQ:SYMC) advice adding it to buy candidate list. Wall Street experts also assign a $33.28 price target on Symantec Corporation, pointing towards a 2.84% rally from current levels. The stock is trading for about -5.38% less than its 52-week high.

Symantec Corporation Reports 2.43% Sales Growth

Symantec Corporation (SYMC) remained successful in beating the consensus-estimated $0.31 as it actually earned $0.33 per share in its last reported financial results. Revenue, on the other hand, scored 2.43% growth from the previous quarter, coming up with $1.2 billion.

SYMC Retreats -4.6% In A Week

This company shares (SYMC) so far managed to recover 42.18% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 2.12% while shortening the period to a week, volatility was 1.91%. The share price has yet to cross its 20 days moving average, floating at a distance of -1.92% and sits 4.28% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned -4.6% losses and is up by 8.74% compared with its 200-day moving average of $30.54. Also, Symantec Corporation (SYMC) needs to expand a 33.28% increase it experienced over the past twelve months.

Ball Corporation (NYSE:BLL) Consensus Call At 2.2

As regular trading ended, Ball Corporation (BLL) stock brought in a $0.1 rise to $42.35. The day started at a price of $42.34 but then traded as high as $42.62 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.2. Ball Corporation is given 4 buy-equivalent recommendations, 0 sells and 6 holds. The company shares sank -1.65% from their peak of $43.06 and now has a $14.8 billion market value of equity.

Ball Corporation Could Grow 6.73% More

BLL’s mean recommendation on Reuter’s scale improved from 2.08 thirty days ago to 2.17 now, which indicates a hold consensus from the analyst community. They see Ball Corporation (BLL) price hitting a mean target of $45.2 a share, meaning the stock still has potential that could lift the price another 6.73% Also, the recent close suggests the stock is underpriced by 10.98% compared to the most bullish target.

Ball Corporation (BLL) Returns 12.83% This Year

The company had seen its current volume reaching at 1.89 million shares in the last trade. That compares with the recent volume average of 2.04 million. At the close of regular trading, its last week’s stock price volatility was 1.01% which for the month reaches 0.86%. Ball Corporation dipped to as low as $42.3 throughout the day and has returned 12.83% in this year. At one point in the past year, the shares traded as low as $35.65 but has recovered 18.81% since then.

Symantec Corporation (NASDAQ:SYMC) Lowered to Sell at Zacks Investment Research

Symantec Corporation (NASDAQ:SYMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, October 3rd.

According to Zacks, “Estimates for Internet security provider, Symantec have been stable off late. Shares of the company have underperformed the industry over the past six months. The company faces increased competition from bellwethers such as Microsoft and Intel. Other small and medium-sized companies like Kaspersky, Trend Micro and VMware are consistently launching comparable products. Also, fluctuation in demand poses challenges for Symantec. Nonetheless, investment in growth areas such as Enterprise Backup, Storage Management and Security businesses are likely to boost Symantec’s long-term prospects. Additionally, restructuring initiatives and synergies from acquisitions are likely to support the company’s bottom line.”

Several other equities analysts have also commented on SYMC. Barclays PLC reiterated an “overweight” rating and set a $36.00 price objective (down from $38.00) on shares of Symantec Corporation in a research report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and set a $32.00 price objective on shares of Symantec Corporation in a research report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $32.00 target price on shares of Symantec Corporation in a research report on Monday, July 31st. BidaskClub upgraded Symantec Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $35.00 price objective (up previously from $33.00) on shares of Symantec Corporation in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $31.52.

Symantec Corporation (NASDAQ SYMC) traded up 1.44% on Tuesday, hitting $32.36. The stock had a trading volume of 3,356,123 shares. The company’s market cap is $19.83 billion. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.20. The company has a 50-day moving average of $32.23 and a 200 day moving average of $30.54.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. Symantec Corporation’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. On average, analysts predict that Symantec Corporation will post $1.80 EPS for the current fiscal year.

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In related news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $29.85, for a total value of $64,565.55. Following the completion of the sale, the senior vice president now owns 115,997 shares of the company’s stock, valued at $3,462,510.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael David Fey sold 1,348,831 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $28.84, for a total transaction of $38,900,286.04. Following the completion of the sale, the insider now directly owns 1,605,757 shares of the company’s stock, valued at approximately $46,310,031.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,662,816 shares of company stock valued at $48,437,529. 1.30% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in Symantec Corporation by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after acquiring an additional 292 shares during the last quarter. Sun Life Financial INC boosted its stake in Symantec Corporation by 44,100.0% in the second quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock valued at $125,000 after acquiring an additional 4,410 shares during the last quarter. Harfst & Associates Inc. bought a new position in Symantec Corporation in the second quarter valued at approximately $127,000. Johnson Financial Group Inc. boosted its stake in Symantec Corporation by 6.2% in the second quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after acquiring an additional 325 shares during the last quarter. Finally, Yakira Capital Management Inc. bought a new position in Symantec Corporation in the first quarter valued at approximately $217,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

About Symantec Corporation

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

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Analyst Recommendations for Symantec Corporation (NASDAQ:SYMC)

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Global Thin Clients Market 2017 Fujitsu, Siemens, Advanced Micro Devices, Acer Inc., Intel Corporation, Atrust Computer Corp – Legman News

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Lookout for Price Target? Real Goods Solar, Inc. (RGSE), Symantec Corporation (SYMC)

Real Goods Solar, Inc. (NASDAQ:RGSE) plunged -5.24% with the closing price of $1.99. The overall volume in the last trading session was 2.14 million shares.

Company Growth Evolution:

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Investors who are keeping close eye on the stock of Real Goods Solar, Inc. (NASDAQ:RGSE) established that the company was able to keep return on investment at – in the trailing twelve month while Reuters data showed that industry’s average stands at 6.18 and sector’s optimum level is 10.96.

Real Goods Solar, Inc. (RGSE) have shown a high EPS growth of 28.00% in the last 5 years and has earnings rose of 74.10% yoy. The stock appeared $76.20 above its 52-week highs and is up 10.56% for the last five trades. The stock ended last trade at $1.99 a share and the price is up more than -72.42% so far this year. The company maintains price to book ratio of 0.00 vs. an industry average at 0.56. Its sales stood at -30.70% a year on average in the period of last five years. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

Symantec Corporation (NASDAQ:SYMC) ended its day at $31.90 with the rising stream of 0.92% and its total traded volume was 3.77 million shares less than the average volume.

Returns and Valuations for Symantec Corporation (NASDAQ:SYMC)

Symantec Corporation (NASDAQ:SYMC), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry’s average. The average of this ratio is 6.18 for the industry and sector’s best figure appears 10.96. Symantec Corporation (NASDAQ:SYMC), at its latest closing price of $31.90, it has a price-to-book ratio of 0.00, compared to an industry average at 0.56. A lower P/B ratio could mean that the stock is undervalued. This ratio also gives some idea of whether you’re paying too much for what would be left if the company went bankrupt immediately.

Symantec Corporation (NASDAQ:SYMC), stock is trading $34.20 above the 52-week high and has displayed a high EPS growth of -17.50% in last 5 years. The 1 year EPS growth rate is 68.80% . Its share price has risen 6.05% in three months and is down -5.34% for the last five trades. The average analysts gave this company a mean recommendation of 2.50.

Nvidia’s Drive PX Pegasus Is A Royal Flush For Self-Driving Cars – NVIDIA Corporation (NASDAQ:NVDA)

The Auto segment of Nvidia (NVDA) is the smallest contributor in terms of quarterly revenue. It only contributed $142 million in Q2 FY18. The Auto segment can probably see a big spurt in growth when Nvidia starts shipping its Drive PX Pegasus next year. Drive PX Pegasus is Nvidia’s ambitious license-plate-sized in-vehicle datacenter-level processor intended for level 5 (or fully autonomous) robotaxis. There are now 25++ companies developing Nvidia Drive PX-based robotaxis.(Source: NVIDIA)

Anything that can help increase the quarterly revenue of Nvidia’s Auto business unit is an important matter that should be discussed here. To gauge just how important self-driving car technology-related products like the Drive PX Pegasus, read on Google’s (GOOG) (NASDAQ:GOOGL) billion-dollar legal suit against Uber allegedly receiving Waymo trade secrets.

The Drive PX Pegasus is 10x more powerful than the Drive PX 2 hardware. It can reportedly match the compute power of a 100-server datacenter rack. I consider this new hardware from Nvidia as the super-sized version of Intel’s (INTC) neuromorphic processor.

A little tweaking from Nvidia and Drive PX Pegasus can also self-learn like a human brain. Simultaneously, it can still deliver over 320 trillion operations per second compute performance without being tethered to the cloud.(Source: NVIDIA)

The Drive PX Pegasus could catapult Nvidia as the go-to processor supplier of the $38 billion/year ride-hailing industry’s adoption of robotaxis. Goldman Sachs also expects the ride-hailing industry to grow to $285 billion by 2030.

The Drive PX 2 Pegasus level 5 autonomous car processor can make Nvidia the enabler of some unicorn companies. The massive valuation of ride-sharing firms/taxi-hailing like Uber ($68 billion) and Didi Chuxing ($50 billion) can probably come true when they start augmenting their human-driven cars with Nvidia-powered robotaxis.

Nvidia can usher in the datacenter-in-a-car concept. Now that AMD is encroaching the high-end gaming/workstation GPU market with its Vega GPUs, Nvidia needs to work harder growing its Auto and datacenter GPU businesses.

Why I Am Optimistic About Robotaxis

Since Intel and Advanced Micro Devices (AMD) won’t have an equalizer to the Drive PX Pegasus, Nvidia can sell it at a high markup. After government regulators approve level 5 autonomous cars on the road, taxi fleet operators and ride-sharing companies will start using them. It is probably going to take 3-5 years before government regulators approve level 5 robotaxis. However, Nvidia’s surging valuation is already boosted by its potential role as the top supplier of semiconductor products for self-driving cars.

The three-year return of NVDA is more than 1,000%. Nvidia launched its Drive PX hardware/platform in March 2015. Nvidia priced its first Drive PX car processor at $10,000 and it still found acceptance. There are now more than 25 car manufacturers who work with Drive PX hardware. We have to conclude that the Auto segment is a contributor to the massive 3-year return of NVDA. No other company has matched Nvidia Drive PX’s level of acceptance among car manufacturers.

(Source: Morningstar)

Going forward, self-driving taxis can be better taxi-hailing service providers than human driven cars. More often than not, human drivers tend to burden me with stories about politics, their health, their family, their favorite TV shows and sports teams. I am ride-sharing to get from Point A to Point B. I do not need the additional aggravation of listening to another person’s ills/problems/thoughts.

If the travel time will take more than 30 minutes, I would prefer to nap rather than petty talk with a human driver. Robotaxis will assure me I won’t be driven around by chance by a sickly/DUI driver. Unlike a human driver, the Nvidia Drive PX Pegasus-based robotaxi won’t consider kidnapping or robbing its passenger.

Final Thoughts

The Gaming segment is currently the biggest revenue/profit generator of Nvidia. However, AMD will eventually take more market share in discrete gaming/mining GPUs. Nvidia developing more GPU products for Auto and datacenter is commendable. As far as I know, AMD still has no car-centric GPU in the pipeline.

As per released specs, the 500-Watt Drive PX Pegasus will come with 2 integrated Volta GPUs and 2 discrete post-Volta GPUs. The first Volta GPU, the Tesla V100 comes with 21 billion transistors, 5,120 CUDA cores, and 640 Tensor cores.

(Source: Wikipedia/Nvidia)

The Drive PX Pegasus is a stellar example of how far Nvidia has achieved in making its formerly gaming-only GPUs become in-demand for other enterprise-level, scalable applications. The rapid appreciation of Nvidia’s market cap over the last twelve months is because many investors believe in the future roles of GPUs in datacenter/deep learning and self-driving cars.

NVDA is a buy. According to the Artificial Intelligence-powered Relative Valuation Model of FundamentalSpeculation, NVDA is fairly valued.

(Source: FundamentalSpeculation)

FundamentalSpeculation derived a fair value of $182.74 for NVDA. It came about after FundamentalSpeculation’s AI computed the average valuation ratios of other companies with similar business fundamentals of Nvidia to get the Cohort Fair Value. After which, the Cohort Fair Value was modified with values derived from calculating the average valuation ratios of Nvidia’s peers in the Technology sector and Computer Hardware Industry.

Disclosure: I am/we are long NVDA, AMD, INTC, GOOG.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Nvidia Is Powered By Strong Momentum – NVIDIA Corporation (NASDAQ:NVDA)

Nvidia (NVDA) stock is on fire. Actually, that’s an understatement: shares of the graphic chips leader have gained a jaw-dropping 170% over the past year. On a forward looking basis, the cold-hard data indicates that Nvidia is driven by vigorous momentum in different areas, and this is a big positive for investors in the company.

A Quantitative System Based on Momentum

Momentum is a powerful force in the market. It basically means that winners tend to keep on winning over time, and companies that are outperforming the market continue on the right track more often than not.

The following quantitative system picks stocks based on a variety of indicators, with a deep focus on measuring momentum at different levels. The system begins with a screening process, meaning that only companies that meet a specified criteria will be considered for inclusion.

The selection criteria is as follows:

  • Over the counter stocks are excluded from the universe to guarantee a minimum liquidity level.
  • Sales growth over the trailing 12 months needs to be above the industry average.
  • Earnings expectations for the current year are currently higher than they were eight weeks ago.
  • Revenue expectations for the year also are higher than they were eight weeks ago.
  • The stock needs to be outperforming other stocks in the industry, both over the last 26 weeks and over the last 52 weeks.

From a starting universe of nearly 5,000 names, this filter leaves us with 139 candidates, so the screening criteria is quite selective. Among those names, the system picks the strongest 50 companies based on the Power Factors system, a proprietary quantitative system that ranks stocks based on three different factors: financial quality, valuation, and momentum. The backtesting assumes that the portfolio is rebalanced monthly and positions are equally weighted.

The system performed remarkably well over the years. The quantitative portfolio produced an average annual return of 15.24% per year since 1999. This is much better than the 3.87% annual return generated by the S&P 500 in the same period. In cumulative terms, the system generated a total return of 1,323.87% versus 103.46% for the S&P 500.

Needless to say, this difference in returns could make a huge impact on the value of investor’s capital over time. A $100,000 investment in the S&P 500 in 1999 would currently be worth around $203,500. In stark contrast, the same amount of money allocated to the portfolio recommended by the system would have a current market value of more than $1.4 million.

Strong Momentum Driving Nvidia

Nvidia is a global market leader in digital media processors and related software. The company pioneered the GPU – graphic processing unit – a high performance processor that generates high-quality graphics on personal computers, smartphones, game consoles, and other platforms. Nvidia’s products are used in a variety of end markets, including high-end gaming PCs, data centers, and automotive systems.

Source: Nvidia.

Nvidia has benefited tremendously from growing demand for gaming products over the past several years, and the company is positioned for growth in areas with extraordinary potential for expansion in the years ahead. Artificial intelligence and deep learning applications that use the company’s graphic chips are particularly promising, and Nvidia is betting on autonomous vehicles with its Drive PX self-driving platform.

Source: Nvidia.

Financial performance doesn’t leave much to be desired. The company has delivered booming revenue growth over the past three years, while profit margins have enlarged. Rapidly growing sales in combination with expanding profit margins on sales have provided a double boost to earnings per share over time.

ChartNVDA Revenue (TTM) data by YCharts

The following chart compares key financial performance metrics for Nvidia versus the average company in the industry, and Nvidia is substantially above-average across the board. Revenue growth, net income growth, operating profit margin, net profit margin, return on assets (ROA), and return on equity (ROE) are all pointing in the same direction.

The most recent financial report from Nvidia confirms that the business is firing on all cylinders. The company produced a record $2.23 billion in revenue during the quarter ended in July, a big increase of 56% vs. the same quarter in the prior year. Gross profit margin expanded by 5 basis points year-over-year, and adjusted earnings per share jumped 91%.

Both sales and earnings came in above Wall Street expectations last quarter, and the company has consistently outperformed forecasts by a considerable margin over the past four quarters in a row.

Quarter ended

10/30/2016

1/30/2017

4/29/2017

7/30/2017

EPS Est.

0.57

0.83

0.66

0.7

EPS Actual

0.83

0.99

0.79

0.92

Difference

0.26

0.16

0.13

0.22

Surprise %

45.60%

19.30%

19.70%

31.40%

Jensen Huang, founder and CEO of Nvidia, sounded quite confident about the company’s prospects in the press release.

“Adoption of Nvidia GPU computing is accelerating, driving growth across our businesses. Datacenter revenue increased more than two and a half times. A growing number of car and robot-taxi companies are choosing our DRIVE PX self-driving computing platform. And in Gaming, increasingly the world’s most popular form of entertainment, we power the fastest growing platforms – GeForce and Nintendo Switch.

Nearly every industry and company is awakening to the power of AI. Our new Volta GPU, the most complex processor ever built, delivers a 100-fold speedup for deep learning beyond our best GPU of four years ago. This quarter, we shipped Volta in volume to leading AI customers. This is the era of AI, and the Nvidia GPU has become its brain. We have incredible opportunities ahead of us.”

In this context, Wall Street analysts are rapidly increasing their earnings forecasts for Nvidia, and this is driving vigorous price gains. Stock prices and earnings expectations tend to move in the same direction over time, and both variables are moving upwards in this particular case.

ChartNVDA data by YCharts

None of this means that Nvidia is immune to risks. The company operates in a very dynamic and competitive industry, and valuation is quite demanding. With a forward price to earnings ratio above 45, the entry price does not provide much of a buffer in case there is any disappointment in financial performance down the road.

That being said, Nvidia is producing impressive performance, both on a standalone basis and in comparison to industry peers. As long as the company keeps crushing analysts’ expectations, the stock should continue doing well in the middle term.

Charts and data are from Portfolio123, and the full list of companies currently picked by the system is available to subscribers in my research service: The Data Driven Investor.

Symantec Corporation (SYMC) Dips 3.8% for October 09

Among the S&P 500’s biggest fallers on Monday October 09 was Symantec Corporation (SYMC). The stock experienced a 3.8% decline to $32.63 with
8.15 million shares changing hands.

Symantec Corporation started at an opening price of 32.89 and hit a high of $33.25 and a low of $32.18. Ultimately, the stock took a hit and finished the day at $1.29 per share.
Symantec Corporation trades an average of 7.14 million shares a day out of a total 614.54 million shares outstanding. The current moving averages are a 50-day SMA of $30.94
and a 200-day SMA of $29.47.
Symantec Corporation hit a high of $34.20 and a low of $22.76 over the last year.

Symantec Corp provides software solutions attending to security and backup. Its products and services protect data across mobile devices, enterprise data centers and cloud-based systems.

With its headquarters located in Mountain View, CA, Symantec Corporation employs 13,000 people. After today’s trading, the company’s market cap has fallen to $20.05 billion, a P/S of 6.26, a P/B of 5.92, and a P/FCF of -11.9.

To dig deeper into the fundamentals of Symantec Corporation and perform your own analysis, visit our Stock Valuation Analysis
tool
for SYMC
.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American
large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why
its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.


To get more information on Symantec Corporation and to follow the company’s latest updates, you can visit the company’s profile page here:
SYMC’s Profile
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Has Wall Street Now Turned Bullish On Symantec Corporation (SYMC), Zimmer Biomet Holdings, Inc. (ZBH)?

Symantec Corporation (NASDAQ:SYMC) attracted a lower number of shares in volume with 3.72 million contracts traded on 07-Oct-17. However, its trading capacity stayed around 6.8 million shares in normal days. The first sale was made at $33.56 but later the stock became weaker, and closed with a gain of 0.65%. It was last traded at $33.92 apiece.

Symantec Corporation (SYMC): Hold Candidate With -1.89% Upside Potential

Symantec Corporation is maintained at an average hold rating by 29 stock analysts, and there are at least 3.62% of shares outstanding that are currently legally short sold. The shares went up by 10.85% in value last month. Year-to-date it jumped 41.98%. Analysts are turning out to be more optimistic than before, with 12 of analysts who cover Symantec Corporation (NASDAQ:SYMC) advice adding it to buy candidate list. Wall Street experts also assign a $33.28 price target on Symantec Corporation, pointing towards a -1.89% drop from current levels. The stock is trading for about -0.82% less than its 52-week high.

Symantec Corporation Reports 2.43% Sales Growth

Symantec Corporation (SYMC) remained successful in beating the consensus-estimated $0.31 as it actually earned $0.33 per share in its last reported financial results. Revenue, on the other hand, scored 2.43% growth from the previous quarter, coming up with $1.2 billion.

SYMC Adds 3.38% In A Week

This company shares (SYMC) so far managed to recover 49.03% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 1.5% while shortening the period to a week, volatility was 2.2%. The share price has already crossed its 20 days moving average, floating at a distance of 2.42% and sits 9.77% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned 3.38% gains and is up by 14.77% compared with its 200-day moving average of $30.49. Also, Symantec Corporation (SYMC) needs to expand a 34.07% increase it experienced over the past twelve months.

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) Consensus Call At 2.1

As regular trading ended, Zimmer Biomet Holdings, Inc. (ZBH) stock brought in a $0.11 rise to $119.27. The day started at a price of $118.58 but then traded as high as $119.32 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.1. Zimmer Biomet Holdings, Inc. is given 9 buy-equivalent recommendations, 1 sells and 9 holds. The company shares sank -10.65% from their peak of $133.49 and now has a $23.79 billion market value of equity.

Zimmer Biomet Holdings, Inc. Could Grow 13.37% More

ZBH’s mean recommendation on Reuter’s scale presents no change from 2.17 thirty days ago to 2.17 now, which indicates a hold consensus from the analyst community. They see Zimmer Biomet Holdings, Inc. (ZBH) price hitting a mean target of $135.22 a share, meaning the stock still has potential that could lift the price another 13.37% Also, the recent close suggests the stock is underpriced by 32.47% compared to the most bullish target.

Zimmer Biomet Holdings, Inc. (ZBH) Returns 15.57% This Year

The company had seen its current volume reaching at 0.87 million shares in the last trade. That compares with the recent volume average of 1.45 million. At the close of regular trading, its last week’s stock price volatility was 1.51% which for the month reaches 1.55%. Zimmer Biomet Holdings, Inc. dipped to as low as $118.06 throughout the day and has returned 15.57% in this year. At one point in the past year, the shares traded as low as $95.63 but has recovered 24.72% since then.

Another motive To buy these stock: AK Steel Holding Corporation (AKS), Symantec Corporation (SYMC)

AK Steel Holding Corporation (NYSE:AKS) market capitalization at present is $1.79B at the rate of $5.58 a share. The firm’s price-to-sales ratio was noted 0.00 in contrast with an overall industry average of 89.18. Most of the active traders and investors are keen to find ways to compare the value of stocks. The price-to-sales ratio offers a simple approach in this case. They just need to take the company’s market capitalization and divide it by the company’s total sales over the past 12 months. The lesser the ratio, the more attractive the investment. During the key period of last 5 years, AK Steel Holding Corporation (NYSE:AKS) sales have annually surged -1.90% on average, however its earnings per share growth remained at 52.60%.

How Company Returns Shareholder’s Value?

Dividends is a reward scheme, that a company presents to its shareholders. There can be various forms of dividends, such as cash payment, stocks or any other form. This payment is usually a part of the profit of the company. A company’s dividend is mostly determined by its board of directors and it requires the shareholders’ approval. AK Steel Holding Corporation (NYSE:AKS)for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders. Currently it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%. Over the last year Company’s shares have been trading in the range of $4.42 and $11.39. However yesterday the stock remained in between $5.54 and $5.65. The stock is above its 52-week low with 26.24% and is in the wake of its 52-week high with -51.01%.

Performance & Technicalities

In the latest week AK Steel Holding Corporation (NYSE:AKS) stock volatility was recorded 3.39% which for the previous full month was noted 3.40%. Meanwhile the stock weekly performance was subdued at -0.18%, which was down for the month at -6.69%. Likewise, the downbeat performance for the last quarter was -7.00% and for the full year it was 21.04%. Moreover the Company’s Year To Date performance was -45.35%. Now a days one of the fundamental indicator used in the technical analysis is called Stochastic %D”, Stochastic indicator was created by George Lane. The stochastic is a momentum indicator comparing the closing price of a security to the range of its prices over a fix period of time. The gauge is based on the assumption that if price surges, the closing price tends towards the values that belong to the upper part of the area of price movements in the preceding period. On the other hand if price drops, the contrary is right. For AK Steel Holding Corporation (NYSE:AKS), Stochastic %D value stayed at 78.31% for the last 9 days. Considering more the value stands at 78.74% and 64.97% for 14 and 20 days, in that order.

Symantec Corporation (NASDAQ:SYMC) closed at $33.92 a share in the latest session and the stock value rose almost 41.98% since the beginning of this year. The company has managed to keep price to sales ratio of 0.00 against an industry average of 89.18. The price to sales ratio is the ratio of the market value of equity to the sales. This ratio is internally not steady, since the market value of equity is divided by the total revenues of the firm. Its revenue stood at -9.80% a year on average in the period of last five years. Firm’s net income measured an average growth rate of -17.50%. Following last close company’s stock, is 9.77% above their SMA 50 and -0.82% below the 52-week high. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Its most recent closing price has a distance of 2.42% from SMA20 and is 14.77% above than SMA200.

In-Depth Technical Study

Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis. The average true range is a moving average, generally 14 days, of the true ranges.

The average true range (ATR) was fashioned to allow traders to more precisely evaluate the daily volatility of an asset by using straightforward calculations. However the indicator does not specify the price direction, rather it is used first and foremost to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.

ATR is counted for different periods, like 9-day, 14-day, 20-day, 50-day and 100-day. At the moment, the 14-day ATR for Symantec Corporation (NASDAQ:SYMC) is noted at 0.65.