Somewhat Positive News Coverage Somewhat Likely to Affect Symantec (SYMC) Stock Price

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Headlines about Symantec (NASDAQ:SYMC) have been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Symantec earned a coverage optimism score of 0.62 on their scale. InfoTrie also gave headlines about the technology company an news buzz score of 6 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Symantec’s ranking:

SYMC stock traded up $0.27 during trading on Wednesday, reaching $22.81. 8,179,064 shares of the company traded hands, compared to its average volume of 9,557,350. Symantec has a 12 month low of $17.49 and a 12 month high of $29.73. The company has a market cap of $12.46 billion, a P/E ratio of 24.01, a PEG ratio of 2.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.00 and a quick ratio of 1.10.

Symantec (NASDAQ:SYMC) last issued its quarterly earnings data on Thursday, November 1st. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Symantec had a return on equity of 13.99% and a net margin of 25.95%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts anticipate that Symantec will post 1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Monday, November 19th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, November 16th. Symantec’s payout ratio is currently 31.58%.

A number of equities analysts have recently issued reports on the company. Barclays reissued a “hold” rating and set a $23.00 price target on shares of Symantec in a research report on Sunday. BidaskClub raised Symantec from a “sell” rating to a “hold” rating in a research report on Saturday. Robert W. Baird increased their price target on Symantec from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Wedbush increased their price target on Symantec from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Finally, Cowen raised Symantec from an “underperform” rating to a “market perform” rating in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and three have given a buy rating to the company’s stock. Symantec presently has a consensus rating of “Hold” and an average price target of $23.11.

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Symantec Company Profile

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Digital Safety and Enterprise Security. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.

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