News headlines about Symantec (NASDAQ:SYMC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog 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 daily sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.4711541221255 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Symantec Corporation (SYMC) (feeds.benzinga.com)
- Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Symantec Corporation (feeds.benzinga.com)
- SYMC INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Symantec Corp. (finance.yahoo.com)
- Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Symantec Corporation (SYMC) and Encourages Investors to Contact the Firm (markets.financialcontent.com)
- SYMC INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Symantec Corporation Investors (markets.financialcontent.com)
Shares of Symantec opened at $22.19 on Friday, Marketbeat Ratings reports. The company has a current ratio of 1.11, a quick ratio of 1.15 and a debt-to-equity ratio of 0.99. Symantec has a fifty-two week low of $18.85 and a fifty-two week high of $34.20. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.15 and a beta of 0.86.
Symantec (NASDAQ:SYMC) last issued its earnings results on Thursday, May 10th. The technology company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. Symantec had a return on equity of 16.24% and a net margin of 23.98%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. equities research analysts expect that Symantec will post 0.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Friday, June 8th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 7th. Symantec’s payout ratio is currently 31.58%.
Several research analysts recently weighed in on the company. UBS lowered Symantec from an “outperform” rating to a “market perform” rating in a research report on Friday, May 11th. First Analysis lowered Symantec from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $35.00 to $23.00 in a research report on Friday, May 11th. Barclays lowered Symantec from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 11th. Robert W. Baird reissued a “hold” rating and set a $25.00 price target on shares of Symantec in a research report on Friday, May 11th. Finally, Piper Jaffray lowered Symantec from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 10th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have assigned a buy rating to the stock. Symantec presently has a consensus rating of “Hold” and a consensus target price of $28.64.
In other news, EVP Francis C. Rosch sold 51,899 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $26.59, for a total transaction of $1,379,994.41. Following the transaction, the executive vice president now owns 213,026 shares of the company’s stock, valued at approximately $5,664,361.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Suzanne M. Vautrinot sold 4,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $27.72, for a total value of $110,880.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,183 shares of company stock worth $2,630,726. Insiders own 1.30% of the company’s stock.
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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