Symantec (SYMC) Given News Sentiment Score of 0.18

News articles about Symantec (NASDAQ:SYMC) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Symantec earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 47.1419292107385 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Several equities analysts have recently weighed in on the company. BidaskClub raised Symantec from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. Zacks Investment Research raised Symantec from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Oppenheimer reissued a “buy” rating and set a $31.00 price target on shares of Symantec in a report on Thursday, February 1st. Stephens reissued a “hold” rating and set a $29.00 price target on shares of Symantec in a report on Thursday, February 1st. Finally, Bank of America increased their price target on Symantec from $19.00 to $21.00 and gave the company an “underperform” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company. Symantec has an average rating of “Hold” and an average target price of $30.87.

Symantec (NASDAQ:SYMC) traded down $0.15 during trading hours on Tuesday, hitting $26.52. The stock had a trading volume of 5,014,055 shares, compared to its average volume of 6,725,205. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $17,011.51, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.13 and a beta of 0.89. Symantec has a 52-week low of $24.94 and a 52-week high of $34.20.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Tuesday, February 20th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.30 dividend on an annualized basis and a yield of 1.13%. Symantec’s payout ratio is presently 19.48%.

In other Symantec news, Director Suzanne M. Vautrinot sold 4,000 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $27.72, for a total value of $110,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Francis C. Rosch sold 51,899 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $26.59, for a total value of $1,379,994.41. Following the completion of the sale, the executive vice president now owns 213,026 shares of the company’s stock, valued at approximately $5,664,361.34. The disclosure for this sale can be found here. Corporate 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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