Somewhat Favorable News Coverage Somewhat Likely to Impact Symantec (SYMC) Stock Price
News stories about Symantec (NASDAQ:SYMC) have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Symantec earned a coverage optimism score of 1.00 on their scale. InfoTrie also gave news headlines about the technology company an news buzz score of 5 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Symantec’s ranking:
- Jeff Ubben’s ValueAct Selects 3 New Targets in 3rd Quarter (finance.yahoo.com)
- Symantec, SAP veteran guides Docker on growth streak (feeds.bizjournals.com)
- Scott & Scott, LLP and MSPAlliance Present “GDPR – Competitive Edge for Managed Service Providers” Webinar (prweb.com)
- Symantec execs cooked the books to protect their fat bonuses, investor lawsuit alleges (theregister.co.uk)
- Symantec Named a Leader in Zero Trust Report (finance.yahoo.com)
Shares of SYMC opened at $21.52 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75. Symantec has a twelve month low of $17.49 and a twelve month high of $29.73. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.83 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Monday, November 19th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, November 16th. Symantec’s dividend payout ratio (DPR) is presently 31.58%.
SYMC has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Symantec from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research reiterated a “sell” rating on shares of Symantec in a research note on Friday, November 16th. Robert W. Baird boosted their price target on shares of Symantec from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Barclays reiterated a “hold” rating and set a $23.00 price target on shares of Symantec in a research note on Sunday, November 4th. Finally, BidaskClub upgraded shares of Symantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 17th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price 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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