Symantec (SYMC) Earning Somewhat Positive Media Coverage, Study Finds

News coverage about Symantec (NASDAQ:SYMC) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Symantec earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.2901597889005 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

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Several brokerages have recently issued reports on SYMC. Zacks Investment Research raised shares of Symantec from a “sell” rating to a “hold” rating in a report on Monday. Standpoint Research raised shares of Symantec from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird reissued a “hold” rating on shares of Symantec in a report on Thursday, February 1st. Evercore ISI reissued a “hold” rating and issued a $25.00 price target on shares of Symantec in a report on Thursday, February 1st. Finally, BidaskClub raised shares of Symantec from a “strong sell” rating to a “sell” rating in a report on Saturday, February 3rd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.87.

NASDAQ SYMC traded down $0.02 on Monday, reaching $25.98. The company had a trading volume of 3,051,936 shares, compared to its average volume of 6,401,517. The firm has a market cap of $16,160.00, a PE ratio of 39.36, a PEG ratio of 2.14 and a beta of 0.87. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.13. Symantec has a 1-year low of $24.93 and a 1-year high of $34.20.

Symantec (NASDAQ:SYMC) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.49 earnings per share for the quarter, topping the Zacks’ 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 net margin of 22.24% and a return on equity of 14.26%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. equities research analysts forecast that Symantec will post 0.99 EPS 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 given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.30 annualized dividend and a yield of 1.15%. Symantec’s dividend payout ratio (DPR) is presently 45.45%.

In other Symantec news, Director Suzanne M. Vautrinot sold 4,000 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $27.72, for a total transaction of $110,880.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Francis C. Rosch sold 51,899 shares of the business’s 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 sale, the executive vice president now directly owns 213,026 shares in the company, valued at $5,664,361.34. The disclosure for this sale can be found here. 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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