Symantec Corporation (SYMC) Receives Daily News Impact Rating of 0.13
News articles about Symantec Corporation (NASDAQ:SYMC) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Symantec Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.5818836955204 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Wiling Stocks Symantec Corporation (NASDAQ:SYMC) a Security Software & Services Company – The Stock Street (press release) (thestreetpoint.com)
- Intraday Trade Strategies in Focus: Symantec Corporation (NASDAQ: SYMC) – Alpha Beta Stock (alphabetastock.com)
- Symantec goes ex-dividend tomorrow (seekingalpha.com)
- Symantec Corporation (SYMC) Ex-Dividend Date Scheduled for November 17, 2017 – Nasdaq (nasdaq.com)
- How Did Symantec’s Dividend Cut Affect Its Dividend Yield? – Market Realist (marketrealist.com)
Shares of Symantec Corporation (NASDAQ:SYMC) traded down $0.24 on Friday, hitting $28.04. 3,490,000 shares of the stock were exchanged, compared to its average volume of 6,659,577. Symantec Corporation has a fifty-two week low of $23.20 and a fifty-two week high of $34.20. The firm has a market cap of $17,384.30, a price-to-earnings ratio of 44.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.13. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12.
Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.14. Symantec Corporation had a negative net margin of 5.29% and a positive return on equity of 12.33%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.30 EPS. The company’s revenue was up 25.7% on a year-over-year basis. equities research analysts expect that Symantec Corporation will post 1.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 20th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.30 annualized dividend and a yield of 1.07%. Symantec Corporation’s dividend payout ratio is currently -75.00%.
A number of equities analysts recently weighed in on the stock. Cowen and Company cut shares of Symantec Corporation from a “market perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Monday, October 9th. Standpoint Research cut shares of Symantec Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Zacks Investment Research cut shares of Symantec Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $40.00 price objective on shares of Symantec Corporation in a research report on Tuesday, September 12th. Finally, Morgan Stanley cut shares of Symantec Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $37.00 to $34.00 in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.39.
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In related news, CFO Nicholas R. Noviello sold 375,000 shares of Symantec Corporation stock in a transaction on Monday, November 6th. The shares were sold at an average price of $29.38, for a total transaction of $11,017,500.00. Following the sale, the chief financial officer now directly owns 565,319 shares in the company, valued at approximately $16,609,072.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of Symantec Corporation stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $29.85, for a total transaction of $64,565.55. Following the sale, the senior vice president now owns 115,997 shares in the company, valued at $3,462,510.45. The disclosure for this sale can be found here. Insiders have sold a total of 671,985 shares of company stock worth $20,028,343 over the last quarter. 1.30% of the stock is owned by company insiders.
About Symantec Corporation
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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