Symantec (SYMC) Getting Somewhat Favorable News Coverage, Study Finds

News articles about Symantec (NASDAQ:SYMC) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Symantec earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.6412903871307 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

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SYMC has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Symantec from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. BidaskClub lowered shares of Symantec from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Evercore ISI reissued a “hold” rating and issued a $25.00 price target on shares of Symantec in a research report on Friday, January 26th. Credit Suisse Group lowered shares of Symantec from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Monday, January 22nd. Finally, Barclays reduced their price target on shares of Symantec from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $30.87.

SYMC traded up $0.21 during midday trading on Friday, hitting $25.85. 5,819,136 shares of the company’s stock traded hands, compared to its average volume of 5,181,329. The firm has a market cap of $16,066.78, a PE ratio of 39.17, a PEG ratio of 2.96 and a beta of 0.89. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.15. Symantec has a one year low of $24.94 and a one year high of $34.20.

Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. Symantec had a net margin of 22.24% and a return on equity of 14.26%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. sell-side analysts anticipate that Symantec will post 0.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Tuesday, February 20th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 16th. Symantec’s dividend payout ratio is 45.45%.

In other news, EVP Francis C. Rosch sold 51,899 shares of Symantec stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $26.59, for a total value of $1,379,994.41. Following the transaction, the executive vice president now owns 213,026 shares of the company’s stock, valued at $5,664,361.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Suzanne M. Vautrinot sold 4,000 shares of Symantec stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $27.72, for a total transaction of $110,880.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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Symantec Company Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. 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 (NASDAQ:SYMC)

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