News articles about Symantec Corporation (NASDAQ:SYMC) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of 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 0.17 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.0043056399093 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of research firms have commented on SYMC. Barclays PLC restated an “overweight” rating and issued a $36.00 price target (down from $38.00) on shares of Symantec Corporation in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Symantec Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub lowered shares of Symantec Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $35.00 price target (up from $33.00) on shares of Symantec Corporation in a research report on Friday, August 4th. Finally, Cowen and Company restated a “market perform” rating and issued a $31.00 price target (down from $33.00) on shares of Symantec Corporation in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Shares of Symantec Corporation (SYMC) traded down 0.56% during trading on Tuesday, reaching $28.41. 4,213,306 shares of the company traded hands. The firm’s market capitalization is $17.41 billion. Symantec Corporation has a 12-month low of $22.69 and a 12-month high of $33.22. The company has a 50 day moving average price of $29.57 and a 200 day moving average price of $29.85.

Symantec Corporation (NASDAQ:SYMC) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. On average, equities analysts predict that Symantec Corporation will post $1.80 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st will be given a $0.075 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.06%. Symantec Corporation’s dividend payout ratio (DPR) is currently -49.18%.

In related news, EVP Scott C. Taylor sold 15,000 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $31.04, for a total transaction of $465,600.00. Following the transaction, the executive vice president now owns 257,591 shares in the company, valued at approximately $7,995,624.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $28.45, for a total transaction of $71,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,497,033 shares of company stock worth $43,344,571 in the last quarter. 0.76% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Symantec Corporation (NASDAQ:SYMC)

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