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.