Symantec Corporation (NASDAQ:SYMC) registered a 0.51% increase, still its new closing price is 87.23% up from the company’s 1 year high of 27.63.It posted 2.63% gains in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 24 stock analysts following this company have an average price target at $26.95, with individual PT in the $18.00-$33.00 range. The shares moved at $27.35, implying that brokerage firms see shares gaining about 77.44% in twelve months time.
Symantec Corporation (SYMC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 14.48% rise year to date. A EVP, Gen. Counsel & Secretary at Symantec Corporation (SYMC) offloaded shares in a transaction closed on Tuesday January 17, 2017. TAYLOR SCOTT C sold 32,000 shares in the company at $26.02 each and collected $832,001 in proceeds. TAYLOR SCOTT C now owns 240,577 shares in the company after this transaction. A Director in the company, Vautrinot Suzanne M, disclosed a transaction on Friday January 06, 2017 that ended up generating $62,001 from the sale of 2,500 shares at $25 per share.
Symantec Corporation (NASDAQ:SYMC) Upcoming Results on Tap
Symantec Corporation will next provide financial results for the June 2017 quarter. Stock analysts expect it to report per-share earnings of $0.37 in that period. Sales during the quarter are predicted to arrive at $1.11 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.02 billion in revenue and EPS of $0.30. The mean forecast was for $978.86 million and $0.20 a share, respectively. One quarter earlier, revenue for the stock was at $884 million, with earnings at $0.29/share.
Symantec Corporation (SYMC) Brokerage Update
Symantec Corporation (SYMC) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Citigroup, according to news reported on Friday August 19, 2016.Another important research note was issued by Standpoint Research on Tuesday July 12, 2016.The firm downgraded SYMC to Hold from Buy. Over the last six months and over the last three months, the shares of Symantec Corporation (SYMC), have changed 34.60% and 9.61%, respectively.
