News headlines about Symantec Corporation (NASDAQ:SYMC) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Symantec Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.6453881928907 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Research delivers insight into the global mobile security market (whatech.com)
- Managed Security Services Industry Worth USD 18,030.9 Million By 2025, Growing at a CAGR of 14.7% by Global Analysis (abnewswire.com)
- Enterprise Data Loss Prevention Software Market Is Expected to Grow at USD 2.1 Billion by 2023 (sbwire.com)
- Managed security market revenue will reach $56.3 billion by 2024 available in new report (whatech.com)
- ICMCPs Tech Summit Sponsored by Symantec to Feature Silicon Valleys Brightest Minds to Help Decode Cybersecurity Diversity Challenge (itbusinessnet.com)
A number of equities research analysts recently issued reports on the company. Piper Jaffray Companies restated a “buy” rating and issued a $40.00 price objective on shares of Symantec Corporation in a research note on Tuesday, September 12th. Zacks Investment Research cut Symantec Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $32.00 price target on shares of Symantec Corporation in a research report on Monday, July 31st. Evercore ISI set a $25.00 price target on Symantec Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “hold” rating on shares of Symantec Corporation in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.54.
Symantec Corporation (SYMC) opened at 33.92 on Friday. Symantec Corporation has a one year low of $22.76 and a one year high of $34.20. The company’s market cap is $20.79 billion. The company’s 50 day moving average price is $31.69 and its 200-day moving average price is $30.49.
Symantec Corporation (NASDAQ:SYMC) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned $0.29 EPS. Symantec Corporation’s revenue was up 38.9% on a year-over-year basis. On average, analysts forecast that Symantec Corporation will post $1.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st were issued a $0.075 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.30 annualized dividend and a yield of 0.88%. Symantec Corporation’s dividend payout ratio (DPR) is presently -49.18%.
In related news, CEO Gregory S. Clark sold 186,433 shares of the company’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 completion of the sale, the chief executive officer now directly owns 1,321,671 shares of the company’s stock, valued at approximately $39,650,130. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the director now directly owns 43,386 shares of the company’s stock, valued at $1,301,580. The disclosure for this sale can be found here. Insiders sold a total of 1,689,850 shares of company stock valued at $49,248,699 over the last quarter. 1.30% of the stock is currently owned by insiders.
Symantec Corporation Company Profile
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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