News headlines about Symantec Corporation (NASDAQ:SYMC) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Symantec Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.8479090580746 out of 100, indicating that recent press 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 effected Accern’s scoring:

Shares of Symantec Corporation (SYMC) opened at 29.47 on Friday. The stock’s market cap is $18.06 billion. Symantec Corporation has a 52-week low of $22.76 and a 52-week high of $33.22. The company’s 50-day moving average is $29.68 and its 200-day moving average is $29.87.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. Equities analysts anticipate that Symantec Corporation will post $1.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 21st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 17th. Symantec Corporation’s payout ratio is -49.18%.

A number of analysts have recently weighed in on the stock. UBS AG downgraded shares of Symantec Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $33.00 in a report on Thursday, May 18th. Robert W. Baird reiterated a “hold” rating on shares of Symantec Corporation in a report on Saturday, June 10th. Evercore ISI set a $25.00 price target on shares of Symantec Corporation and gave the company a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC reiterated an “overweight” rating and set a $36.00 price target (down from $38.00) on shares of Symantec Corporation in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.00.

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In other Symantec Corporation news, EVP Scott C. Taylor sold 15,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $31.04, for a total value of $465,600.00. Following the sale, the executive vice president now directly owns 257,591 shares in the company, valued at $7,995,624.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael David Fey sold 1,348,831 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $28.84, for a total value of $38,900,286.04. Following the completion of the sale, the insider now owns 1,605,757 shares in the company, valued at $46,310,031.88. The disclosure for this sale can be found here. Insiders sold 1,457,847 shares of company stock worth $42,192,310 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Symantec Corporation Company Profile

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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