Symantec
Something positively suspect about this cyber-security stock Intercede is a software and service company specialising in identity, credential management and secure mobility. After 20 years of delivering solutions to high profile customers, from the US and UK governments to some of the world’s largest corporations, telecommunications providers and information technology.
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However Intercede IGP finds its stock at an All Time Low ATL after losing more than 90% of its value from its peak in 2014. What happened in the last five years?
Well revenues have increased since but that has been outweighed by a substantial increase in operating expenses for “strategic investment to exploit new market opportunities”. That statement is true because IGP and their MyID Credential Management System is seen competing against and working alongside some big names such as:
-Intel
-Microsoft
-Symantec Corp
-ARM limited (bought by SoftBank Group Corp)
Their clients now officially include:
-The UK, US, Australian Governments
-Airbus & Boeing
-Barclays, Wells Fargo, ANZ and Swedbank
HOWEVER, the bulk of IGPs clients (no names mention) and subsequent revenue comes from:
-Major military organisations
-Global defense corporations
-Government agencies
-Crypto-currency and finance exchanges
The contracts are rolling in...
The technicals dont confirm much and we cant conclude from the discussion above that this company will succeed. What we can conclude is that cyber-security has incredible investment potential in the future and companies that own software are tools to control and protect identities are in a good position to benefit financially.
I wouldn't be surprised if we saw buy-out in future.
SYMC - 08/01Earnings tomorrow, 08/02.
What are they going to deliver?
Been trading in a range ever since last earnings.
SYMC Falling WedgeExpecting a sharp decrease once earnings come out tomorrow.
Will probably end up in buy zone in next few days, confirming the wedge.
Bullish divergence on 1D MACD just like we've seen in the past when falling in this fashion.
Buy when we drop into major support (blue) and hold until green.
Being the leader in endpoint protection, you might even want to get in on this entry and hold long term. This company has a lot of room to grow with the growth of InfoSec.
EUROPE Cyberattack ! How do I make a profit from it ? #read12th-15th May
About 40 days ago... (Initial WannaCry outbreak)
en.wikipedia.org
15th of May
CNBC reported
"
Cybersecurity stocks jump after major 'WannaCry' attack
Palo Alto Networks, Symantec and FireEye led the gains on Monday among cybersecurity stocks following the Friday WannaCry malware attack.
CNBC analyzed 15 major cyberattacks over the last decade using analytics tool Kensho and found cybersecurity-related stocks posted big gains in the week and month after a big hacking.
"
www.cnbc.com
TODAY
27th June
Today, a massive cyberattack dubbed "Wannacry 2" has hit European businesses, Ukraine among biggest victims during the writing of this piece.
WHAT NOW AND HOW CAN I MAKE A PROFIT ?
Well, here is a short list of cybersecurity stocks that reported increased stock price last time this happened (Around 40 days ago):
Palo Alto Networks
Symantec
FireEye
Qualys
The intelligent investor will now proceed to conduct his own research and make an informed decision.
#Discuss
Stocks update: Symantec bullish ahead of earningsSymantec (SYMC) is scheduled to report earnings on Aug 11, after market close. The EPS consensus is 43 cents per share vs. 45 year ago. A number of bullish candlestick patterns have emerged lately: Morning Star, Piercing Line and break-away gap. They suggest there is a Double Bottom formation in place, which may lead to higher prices (24,72 and 24,68). Upside potential exceeds 5%.
Symantec Corporation is a security, backup and availability solutions. The Company’s products and services protect people and information in any digital environment from the smallest mobile device, to the enterprise data center, to cloud-based systems. The stock is down 10% YTD. It has P/E of 18.02 and forward P/E of 11.26.
