Headlines about Symantec Corporation (NASDAQ:SYMC) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Symantec Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 44.3294219566222 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Symantec Corporation (NASDAQ:SYMC) Short Interest Up 12.1% in July (americanbankingnews.com)
- Look for Shares of Symantec Corp to Potentially Rebound after Yesterday’s 2.10% Sell Off (mysmartrend.com)
- Symantec Corporation (SYMC) Ownership Up in Latest Report from Norges Bank – Modern Readers (modernreaders.com)
- Symantec announces partnership with Plesk web platform – Seeking Alpha (seekingalpha.com)
- Symantec Announces Plesk Will Integrate Symantec Encryption Everywhere Security Into Its Website Management Platform, Simplifying Encryption for Small Businesses (finance.yahoo.com)
A number of research firms have recently commented on SYMC. Robert W. Baird reissued a “hold” rating on shares of Symantec Corporation in a research note on Thursday, May 11th. First Analysis raised Symantec Corporation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $40.00 in a research report on Thursday, May 11th. Zacks Investment Research raised Symantec Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. MKM Partners reaffirmed a “neutral” rating and set a $30.00 target price (up from $26.00) on shares of Symantec Corporation in a research report on Monday, May 15th. Finally, Jefferies Group LLC boosted their target price on Symantec Corporation from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.00.
Symantec Corporation (SYMC) traded up 1.62% during trading on Friday, hitting $28.29. The company had a trading volume of 8,432,879 shares. The stock’s market capitalization is $17.34 billion. Symantec Corporation has a one year low of $22.64 and a one year high of $33.22. The stock has a 50-day moving average of $29.58 and a 200-day moving average of $29.80.
Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Symantec Corporation’s revenue for the quarter was up 38.9% on a year-over-year basis. On average, equities analysts anticipate that Symantec Corporation will post $1.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 21st will be paid a $0.075 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.30 annualized dividend and a dividend yield of 1.06%. Symantec Corporation’s dividend payout ratio is -49.18%.
In related news, Director Anita M. Sands sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $30.16, for a total value of $60,320.00. Following the sale, the director now owns 45,486 shares of the company’s stock, valued at $1,371,857.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $28.45, for a total transaction of $71,125.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,537,774 shares of company stock worth $44,666,616. 0.76% of the stock is currently owned by insiders.
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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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