Headlines about Symantec (NASDAQ:SYMC) have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Symantec earned a news sentiment score of 1.00 on their scale. InfoTrie also assigned press coverage about the technology company an news buzz score of 5 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Symantec’s ranking:
- Symantec Co. (SYMC) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Global Cyber Security in BFSI Market to 2025| Trend Micro Inc., Symantec Corporation, IBM Corporation, The 41st Parameter, FireEye (openpr.com)
- Autodesk's PlanGrid Buyout to Solidify Construction Portfolio (finance.yahoo.com)
- Somewhat Favorable News Coverage Somewhat Likely to Impact Symantec (SYMC) Stock Price (americanbankingnews.com)
- Jeff Ubben’s ValueAct Selects 3 New Targets in 3rd Quarter (finance.yahoo.com)
Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Symantec from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank boosted their target price on shares of Symantec from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, August 17th. Stifel Nicolaus lowered their target price on shares of Symantec from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, August 3rd. Barclays lowered their target price on shares of Symantec from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Finally, UBS Group raised shares of Symantec from a “neutral” rating to a “positive” rating in a report on Tuesday, August 21st. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company’s stock. Symantec has a consensus rating of “Hold” and an average target price of $23.11.
Symantec (NASDAQ:SYMC) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Symantec had a net margin of 25.95% and a return on equity of 13.99%. Symantec’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. On average, equities research analysts predict that Symantec will post 1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 19th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, November 16th. Symantec’s dividend payout ratio (DPR) is 31.58%.
Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.
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