Symantec Corporation (NASDAQ:SYMC): Updated Analyst Ratings

Symantec Corporation (NASDAQ:SYMC) down -0.67% for the past 5 days, is under coverage of 28 analysts who collectively assign a hold rating on stock. 12 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. The 22 stock analysts who cover the stock have an average PT at $24.8, with individual targets in the range of $17 to $30. The shares ended last trade at $25.04, implying that Wall Street analysts see shares losing about -0.96 per cent in 12 months’ time.

Insider Activity: Corporate insiders look pessimistic about the outlook of the company stock that they seem to offload shares while they have 50.37 jumped so far this year. A SVP, Chief Human Resource Off. at Symantec Corporation (SYMC) sold shares in a trading activity completed on Thursday September 15, 2016. Cappellanti-Wolf Amy L. offloaded 15,474 shares in the company at a per-share price of $24.88 and ended up generating $384,990 in proceeds. Cappellanti-Wolf Amy L. retains 99,929 shares in the stock after this transaction. A EVP, Norton Business Unit in the company, Rosch Francis C, on Wednesday September 07, 2016 collected $83,000 from the sale of 3,336 shares at a per-share price of $24.88. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Symantec Corporation (NASDAQ:SYMC) Earnings to Watch

Investors evaluating SYMC stock at the current market price of $25.04/share should know the company will next release quarterly results for the September 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.2 in earnings per share (EPS). That would represent a -31.03 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $978.62M.

Earnings Roundup: In the last fiscal quarter alone, Symantec Corporation generated nearly $884M in sales and net income of $0.29/share. That compares with the mean forecast $876.96M and $0.25/share, respectively. For the prior quarter revenue for the stock hit $873M, with EPS at $0.22.

Symantec Corporation (SYMC) Analyst Coverage

Guggenheim is a brokerage house chasing shares of Symantec Corporation (SYMC), so its rating change is noteworthy. The company stock was initiated at Buy, wrote analysts at Guggenheim, in a research note issued to clients on Thursday September 15, 2016. There was another key research note provided by Citigroup on Friday August 19, 2016. The firm lifted its rating on SYMC from Neutral to Buy.

Price Momentum: Despite the -0.16% drop in value, the stock’s new closing price reflects a -1.3% fall in price from company’s one year high of $25.37. The stock is currently holding above its 50-day SMA of $10.01 and above its 200-day SMA of $23.86. Over the last 3 months and over the last 6 months, the shares of Symantec Corporation (SYMC), have changed 34.46% and 19.96%, respectively.

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New Showtime Documentary on John McAfee Makes Explosive …

Software magnate and former Libertarian presidential candidate John McAfee is facing fallout after Showtime aired a documentary about his life Saturday night.

The film, Gringo: the Dangerous Life of John McAfee, charts the billionaire’s course through Belize as he fights charges that he murdered an American expat. The director, Nanette Burstein, premiered the documentary at the Toronto Film Festival, after years of work interviewing not only McAfee, but officials, gangsters and others in Belize who claim McAfee is guilty of two murders and a rape. The “witnesses” have strange stories to tell about the man’s bizarre and often volatile behavior.

Heat Street had an exclusive interview with John McAfee when he declared his candidacy for President under the Libertarian ticket.

The documentary makes some severe allegations. McAfee, it claims, who moved to Belize in 2008 and fled the country in 2012, did as he pleased, paying off government officials, employing an army of young women to satisfy his bizarre feces-related sexual proclivities, and plotting to overthrow Belize’s official government from his heavily armored personal compound.

Burstein ends by theorizing exactly how McAfee used his hit men and bodyguards to commit the brutal murder McAfee made headlines for. And that’s where the story gets even more bizarre.

The documentary has, of course, caused immense fallout at home and abroad. McAfee has responded to the allegations in a four-page letter sent to Fortune magazine, claiming that he was falsely accused and charging that Showtime or Burstein paid off witnesses who spoke in the film. He’s also documented what he considers to be the film’s most egregious errors in a series of blog posts on his website, Showtime Gringo.

That allegation has caused a stir in Belize’s media, who made the payoff claims front page news, and carried detailed statements from some of the witnesses recanting their claims, saying that Burstein’s team manipulated them, and admitting to receiving cash for their stories.

Four of the witnesses have hired an attorney and are threatening to sue the network in an American court.


MGT Capital Investments, the company that McAfee is the CEO of, has also issued a statement supporting him, and quoting McAfee saying that the allegations in the film are the result of a longstanding feud between him and one of the documentary’s executive producers, Jeff Wise.


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Trend Micro Featured in CRN 2016 Cloud Partner Program Guide

Micro Incorporated
; TSE:
), a global leader of security software and solutions, today
announced that CRN®,
a brand of The
Channel Company
, has recognized Trend Micro in its 2016
Cloud Partner Program Guide
. This guide highlights a list of leading
technology vendors with cloud-related partner programs that enable and
accelerate the growth of solution providers’ cloud initiatives.

The CRN 2016 Cloud Partner Program Guide serves as a valuable resource
for solution providers navigating the booming cloud marketplace, helping
them identify technology suppliers that offer innovative cloud solutions
and partner programs. To qualify for participation in the Cloud Partner
Program Guide, technology vendors must have a unique set of partner
program benefits for solution providers that deliver cloud
infrastructure or applications.

“For channel partners, active support for their cloud-based solutions is
more critical than ever,” said Robert Faletra, chief executive officer
of The Channel Company. “CRN’s 2016 Cloud Partner Program Guide
recognizes vendors that provide excellent resources, training and
financial incentives for cloud, doing their best to help partners make
the most of this now foundational practice area. We congratulate all the
innovative, forward-looking companies on the 2016 list and invite the
solution provider community to take full advantage of this terrific
resource for finding the right cloud vendors to partner with.”

Trend Micro recognizes the value of delivering security as part of a
broader range of customer services, which is reflected in its Cloud
Service Providers
(CSPs) Partner Program. Trend Micro Deep Security
offers market-leading security controls for your cloud service,
regardless of your platform focus. Its CSPs Partner Program is designed
to address the needs of customers adopting the cloud, expand the scope
of their services revenue, improve their bottom line and set themselves
apart from competitors.

“Cloud Service Providers are looking for security that is better
integrated into the platform,” said Partha Panda, vice president,
corporate and business development for Trend Micro. “By partnering with
CSPs, Deep Security becomes a native part of the broader cloud services
delivered regardless of the platform offered. Our solutions provide
automated cloud security with a broad range of controls in a single
platform, seamlessly integrating with a wide range of public and private
cloud services. Being recognized in CRN’s 2016 Cloud Partner Program
Guide reaffirms our commitment to providing solutions that secure
companies’ most valuable data and resources.”

The Cloud Partner Program Guide will be featured in the October issue of
CRN and can be viewed online at

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@TheChannelCo recognizes @TrendMicro in 2016 @CRN Cloud PPG

About Trend Micro

Trend Micro Incorporated, a global leader in cyber security solutions,
helps to make the world safe for exchanging digital information. Our
innovative solutions for consumers, businesses, and governments provide
layered security for data centers, cloud environments, networks, and
endpoints. All our products work together to seamlessly share threat
intelligence and provide a connected threat defense with centralized
visibility and control, enabling better, faster protection. With over
5,000 employees in over 50 countries and the world’s most advanced
global threat intelligence, Trend Micro enables organizations to secure
their journey to the cloud. For more information, visit

About the Channel Company

The Channel Company enables breakthrough IT channel performance with our
dominant media, engaging events, expert consulting and education, and
innovative marketing services and platforms. As the channel catalyst, we
connect and empower technology suppliers, solution providers and end
users. Backed by more than 30 years of unequaled channel experience, we
draw from our deep knowledge to envision innovative new solutions for
ever-evolving challenges in the technology marketplace.

Follow The Channel Company: Twitter,
and Facebook

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