Symantec (SYMC) Receives Daily Media Sentiment Rating of -0.04

News coverage about Symantec (NASDAQ:SYMC) has been trending somewhat negative this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Symantec earned a news impact score of -0.04 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.3388348872719 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have issued reports on the company. BTIG Research downgraded Symantec from a “buy” rating to a “neutral” rating in a research report on Friday, May 11th. Macquarie downgraded Symantec from an “outperform” rating to a “neutral” rating in a report on Friday, May 11th. Jefferies Financial Group reduced their price target on Symantec to $20.00 and set an “underperform” rating on the stock in a report on Friday, May 11th. UBS Group cut Symantec from an “outperform” rating to a “market perform” rating in a research note on Friday, May 11th. Finally, Robert W. Baird reissued a “hold” rating and issued a $25.00 price objective on shares of Symantec in a research note on Friday, May 11th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.55.

SYMC stock traded down $0.04 during midday trading on Friday, reaching $20.16. The stock had a trading volume of 5,424,000 shares, compared to its average volume of 8,400,608. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.16 and a quick ratio of 1.15. Symantec has a 52-week low of $17.81 and a 52-week high of $34.20.

Symantec (NASDAQ:SYMC) last issued its earnings results on Thursday, August 2nd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Symantec had a return on equity of 14.54% and a net margin of 25.52%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. equities research analysts expect that Symantec will post 0.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Monday, August 20th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, August 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.49%. Symantec’s payout ratio is currently 31.58%.

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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