News coverage about Symantec Corporation (NASDAQ:SYMC) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Symantec Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.3279782639865 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

Shares of Symantec Corporation (NASDAQ SYMC) traded down $0.39 during trading hours on Tuesday, hitting $27.97. The stock had a trading volume of 4,691,200 shares, compared to its average volume of 6,822,890. 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 has a one year low of $23.20 and a one year high of $34.20. The firm has a market capitalization of $17,280.00, a price-to-earnings ratio of 45.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.12.

Symantec Corporation (NASDAQ:SYMC) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.14. Symantec Corporation had a positive return on equity of 12.33% and a negative net margin of 5.29%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. Symantec Corporation’s revenue for the quarter was up 25.7% on a year-over-year basis. research analysts anticipate 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 issued 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 (DPR) is currently -51.72%.

Several analysts have recently weighed in on SYMC shares. Zacks Investment Research cut Symantec Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Moffett Nathanson started coverage on Symantec Corporation in a report on Wednesday, September 6th. They set a “neutral” rating and a $33.00 price target on the stock. Credit Suisse Group started coverage on Symantec Corporation in a report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 price target on the stock. Barclays PLC restated a “buy” rating and set a $36.00 price target on shares of Symantec Corporation in a report on Thursday, November 2nd. Finally, Morgan Stanley reduced their target price on Symantec Corporation from $34.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.39.

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In other Symantec Corporation news, SVP Amy L. Cappellanti-Wolf sold 2,163 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $29.85, for a total value of $64,565.55. Following the completion of the transaction, the senior vice president now owns 115,997 shares in the company, valued at approximately $3,462,510.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nicholas R. Noviello sold 14,925 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $30.00, for a total value of $447,750.00. The disclosure for this sale can be found here. Insiders have sold 671,985 shares of company stock valued at $20,028,343 in the last quarter. 1.30% of the stock is currently owned by corporate 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.

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

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