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News Breaks
08:25 EDTSYMC
theflyonthewall.com: Crop Quest selects Symantec
Symantec announced Crop Quest has implemented Symantec endpoint security and data management software products to protect against malware while significantly reducing the amount of time IT staff must spend on data protection, end user tech support and laptop deployment. :theflyonthewall.com



News For SYMC From The Last 14 Days
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July 29, 2010
12:00 EDTSYMC
theflyonthewall.com: On The Fly: U.S. Mid-Day Market Wrap-Up
U.S stocks were lower at mid-day in spite of an impressive quarterly earnings report from Dow 30 component ExxonMobil (XOM)...At mid-day, the Dow was down 0.50% to 10,446, the Nasdaq was down 1.02% to 2,241, and the S&P was down 0.67% to 1,099...MARKET NEWS...Mortgage rates dropped to lowest level on record, 4.54%. Jobless claims in the U.S. were down 11K last week to 457K... MARKET MOVERS: Citrix Systems (CTXS) was up 16% to $54.88 after being raised to Outperform from Neutral at Robert Baird & Co. Colgate-Palmolive (CL) was down 8.5 percent to $76.77 after reporting Q2 revenue of $3.81B, missing consensus estimates. Symantec Corp. (SYMC) was down 11% to $13.05 after giving a weak forecast. :theflyonthewall.com
09:45 EDTSYMC
theflyonthewall.com: Gappers report: Bearish gaps
This is a list of stocks making unusual moves on the open versus the prior day close. Gapping stocks often have excessive movements during the day and in the days thereafter. We use 5% for filter criteria and scanned for stocks that traded above $10 the prior day. GAPPING DOWN: VPRT (29.47%), CTV (17.34%), HSC (16.35%), CVD (15.98%), DBD (15.84%), ASIA (13.81%), KEX (11.38%), GSIC (10.77%), SYMC (9.88%), ARRS (9.75%), BG (9.54%), CRI (9.50%), MBLX (9.04%), TNDM (8.75%), ESIO (7.73%), ZOLL (7.64%), NVDA (7.21%), AKAM (7.20%), NETL (6.92%), AMAG (6.63%), GHM (6.42%), CRL (6.05%), TAL (5.94%), CL (5.80%), NWE (5.36%). :theflyonthewall.com
09:17 EDTSYMC
theflyonthewall.com: Pre-market top 5 losers
The following stocks were the top percentage losers before the open on solid volume of at least 50,000 shares, trading at over $10. VPRT (29%), SYMC (9.4%), GSIC (8%), NVDA (8%), AKAM (7%). :theflyonthewall.com
09:00 EDTSYMC
theflyonthewall.com: Symantec downgraded to Sector Perform from Outperform at PacCrest
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09:00 EDTSYMC
theflyonthewall.com: On The Fly: Analysts Downgrade Summary

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08:21 EDTSYMC
theflyonthewall.com: Symantec downgraded to Neutral from Buy at BofA/Merrill
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08:18 EDTSYMC
theflyonthewall.com: Symantec downgraded to Market Perform from Outperform at Raymond James
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06:35 EDTSYMC
theflyonthewall.com: Symantec downgraded to Market Perform from Outperform at Morgan Keegan

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06:12 EDTSYMC
theflyonthewall.com: Symantec downgraded to Market Perform from Outperform at FBR Capital

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06:11 EDTSYMC
theflyonthewall.com: Symantec reports Q2 EPS 35c vs. consensus of 35c

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July 28, 2010
16:26 EDTSYMC
theflyonthewall.com: Symantec sees Q2 EPS 27c-28c vs. consensus of 34c

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15:13 EDTSYMC
theflyonthewall.com: Companies reporting After the Market Close on Wednesday, June 28

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14:21 EDTSYMC
theflyonthewall.com: Earnings Preview: Symantec Q1 to be in-line

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08:46 EDTSYMC
theflyonthewall.com: House Judiciary Committee to hold a hearing

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July 27, 2010
14:16 EDTSYMC
theflyonthewall.com: Symantec: Earnings release technical preview, very high gap risk, bull pattern
BULLISH CASE: There is a double bottom, or "W", pattern in progress on the daily chart. Upside for the pattern is to the $17 area, if the pattern remains active and completes. On better than expected news/outlook the stock could trade to the upper limit of the short-term bullish price channel at $15.28. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $15.40, $15.79, $16.04, $16.32, $16.57, $16.84, $17.15, $17.30, $17.60. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $14.81. On a bearish breakdown below the price channel the following support levels would become downside objectives: $14.54, $14.32, $13.97, $13.73, $13.39, $13.09, $12.88, $12.63, $12.40, $12.07, $11.88. NOTE: Small short-base at 2 days to cover, with 2.6% of the float short. Traders are positioned for positive news. Reactions on a surprise, especially a negative one given the bullish price pattern and small short-base, have a high probability of being extreme in duration and price. Very high gap risk. :theflyonthewall.com

July 19, 2010
14:37 EDTSYMC
theflyonthewall.com: Symantec put volatility elevated into EPS and FX outlook
Symantec is expected to report Q1 EPS on July 28. SYMC August put option implied volatility is at 37, October is at 34, January is at 36; verses its 26-week average of 33, according to Track Data, suggesting larger near-term price movement. :theflyonthewall.com