Economy

Price Target Overview of Symantec Corporation (SYMC)

Price Target Overview of Symantec Corporation (SYMC)

On May 10, 2018, during aftermarket hours, Symantec revealed that its "Audit Committee of the Board of Directors has commenced an internal investigation in connection with concerns raised by a former employee" and that it informed the U.S. Securities and Exchange Commission of the investigation. Bedell Frazier Investment Counseling LLC now owns 124,525 shares of the technology company's stock valued at $3,219,000 after acquiring an additional 9,335 shares during the last quarter. Its down 66.67% from 1,200 shares previously. The company also noted that it has won a large number of deals worth more than $5 million during the quarter.

Symantec Chief Executive Officer Greg Clark and the bulk of his senior management team have been with the 36-year-old company for about two years, joining from Blue Coat Inc, which Symantec acquired in August 2016. Company insiders own 1.30% of the company's stock.

Symantec Corp (NASDAQ:SYMC) institutional sentiment increased to 0.92 in 2017 Q4. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.13.

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Seekingalpha.com which released: "Symantec -25.5% as analysts downgrade on audit investigation" on May 11, 2018, also Seekingalpha.com with their article: "Symantec: A Risky Hold Through Earnings" published on May 06, 2018, Streetinsider.com published: "Pre-Open Movers 05/11: (TTD) (IMMR) (AKCA) Higher; (SYMC) (CYTR) (RDFN) Lower (more...)" on May 11, 2018. The firm beat Wall Street estimates when it reported fourth quarter and full-year results Thursday.

Seven people found dead in Western Australia, police say
Two adults were found outside the house and the other five bodies were discovered inside at about 5.15am this morning. Arrived at the scene the police found in the private possession of the 7 human bodies with traces of gunshot wounds.

Symantec reported revenue of US$1.2 billion for the fourth quarter, an increase of 10% year-over-year. Symantec has $40 highest and $14 lowest target. While in the same Quarter Previous year, the Actual EPS was $0.28.

Symantec executives declined to take questions from analysts during the company's earnings call. Symantec's dividend payout ratio (DPR) is now 45.45%. Deutsche Bancshares Ag reported 1.62 million shares. BidaskClub cut shares of Symantec from a "sell" rating to a "strong sell" rating in a report on Saturday, January 13th. The rating was maintained by H.C. Wainwright on Thursday, February 8 with "Buy". On Wednesday, January 31 Stifel Nicolaus maintained Symantec Corporation (NASDAQ:SYMC) with "Hold" rating.

The consensus recommendation, according to Zacks Investment research, is 2.8. Among that group, 2 of them gave BUY ratings, 6 of them rated the stock as OUTPERFORM, 17 recommended it as HOLD, 2 set the rating at UNDERPERFORM and 1 rated it as a SELL. The company has an average rating of "Hold" and a consensus price target of $30.57. About 56.47 million shares traded or 983.92% up from the average. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00.