Symantec Corporation (SYMC) Receiving Somewhat Positive News Coverage, Study Shows

News stories about Symantec Corporation (NASDAQ:SYMC) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Symantec Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 43.9922106451582 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

A number of equities analysts recently issued reports on SYMC shares. MKM Partners reiterated a “neutral” rating and set a $30.00 price objective (up from $26.00) on shares of Symantec Corporation in a research report on Monday, May 15th. Zacks Investment Research cut shares of Symantec Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 16th. UBS AG cut shares of Symantec Corporation from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $33.00 in a research report on Thursday, May 18th. Royal Bank Of Canada cut shares of Symantec Corporation from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $34.00 to $32.00 in a research report on Friday, May 19th. They noted that the move was a valuation call. Finally, Barclays PLC upgraded shares of Symantec Corporation from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $34.00 to $38.00 in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.30.

Shares of Symantec Corporation (NASDAQ SYMC) traded up 3.54% on Monday, reaching $32.75. 9,475,678 shares of the company traded hands. The stock’s market capitalization is $20.07 billion. The stock’s 50 day moving average price is $29.65 and its 200-day moving average price is $29.99. Symantec Corporation has a one year low of $22.76 and a one year high of $33.22.

Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts forecast that Symantec Corporation will post $1.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, August 17th. Symantec Corporation’s payout ratio is currently -49.18%.

In other Symantec Corporation news, SVP Amy L. Cappellanti-Wolf sold 927 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $30.00, for a total transaction of $27,810.00. Following the transaction, the senior vice president now directly owns 112,907 shares of the company’s stock, valued at approximately $3,387,210. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory S. Clark sold 186,433 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $30.00, for a total transaction of $5,592,990.00. Following the transaction, the chief executive officer now directly owns 1,321,671 shares in the company, valued at $39,650,130. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,657,621 shares of company stock worth $48,174,811. Insiders own 1.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Symantec Corporation (SYMC) Receiving Somewhat Positive News Coverage, Study Shows” was originally reported by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/09/12/symantec-corporation-symc-receiving-somewhat-positive-news-coverage-study-shows.html.

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.

Insider Buying and Selling by Quarter for Symantec Corporation (NASDAQ:SYMC)

Receive News & Ratings for Symantec Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symantec Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply