Headlines about Symantec (NASDAQ:SYMC) have trended somewhat positive recently, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Symantec earned a news sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also gave news stories about the technology company an impact score of 85 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted AlphaOne’s scoring:
Shares of Symantec (NASDAQ:SYMC) traded up 0.25% during trading on Friday, reaching $32.30. 4,320,769 shares of the company’s stock were exchanged. The firm has a market capitalization of $19.99 billion, a PE ratio of 9.73 and a beta of 1.17. Symantec has a 52 week low of $16.25 and a 52 week high of $32.55. The company’s 50-day moving average price is $30.83 and its 200 day moving average price is $27.35.
Symantec (NASDAQ:SYMC) last posted its quarterly earnings results on Wednesday, February 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business earned $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Symantec had a net margin of 55.12% and a return on equity of 12.69%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. Analysts predict that Symantec will post $1.19 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. OTR Global raised shares of Symantec to a “positive” rating in a report on Friday, April 21st. Zacks Investment Research raised shares of Symantec from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Barclays PLC set a $32.00 target price on shares of Symantec and gave the company a “hold” rating in a report on Monday, April 10th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Symantec in a report on Friday, April 7th. Finally, Morgan Stanley lifted their target price on shares of Symantec from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.74.
In other news, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $30.69, for a total value of $76,725.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott C. Taylor sold 8,000 shares of the stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $28.51, for a total transaction of $228,080.00. The disclosure for this sale can be found here. Insiders sold 69,517 shares of company stock valued at $2,020,553 over the last three months. 0.76% of the stock is owned by insiders.
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.