Symantec Corporation (SYMC) Scheduled to Post Earnings on Wednesday

Symantec Corporation (NASDAQ:SYMC) is scheduled to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Symantec Corporation to post earnings of $0.43 per share for the quarter. Symantec Corporation has set its Q2 guidance at $0.40-0.44 EPS and its FY18 guidance at $1.79-1.89 EPS.

Symantec Corporation (NASDAQ:SYMC) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Symantec Corporation had a positive return on equity of 10.73% and a negative net margin of 8.68%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, analysts expect Symantec Corporation to post $1.80 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.

Shares of Symantec Corporation (NASDAQ SYMC) opened at 32.41 on Tuesday. Symantec Corporation has a 52-week low of $22.76 and a 52-week high of $34.20. The firm’s market capitalization is $19.86 billion. The company’s 50-day moving average price is $32.75 and its 200-day moving average price is $30.68.

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In related news, insider Michael David Fey sold 1,348,831 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $28.84, for a total value of $38,900,286.04. Following the completion of the transaction, the insider now owns 1,605,757 shares of the company’s stock, valued at approximately $46,310,031.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory S. Clark sold 186,433 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $30.00, for a total transaction of $5,592,990.00. Following the completion of the transaction, the chief executive officer now directly owns 1,321,671 shares of the company’s stock, valued at approximately $39,650,130. The disclosure for this sale can be found here. In the last three months, insiders sold 1,645,816 shares of company stock valued at $47,911,129. 1.30% of the stock is owned by insiders.

A number of research analysts have issued reports on SYMC shares. Zacks Investment Research upgraded shares of Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Symantec Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating and set a $37.00 target price on shares of Symantec Corporation in a research report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $27.00 target price on shares of Symantec Corporation in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $32.00 target price on shares of Symantec Corporation in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. Symantec Corporation currently has a consensus rating of “Hold” and a consensus target price of $31.52.

Symantec Corporation Company Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

Earnings History for Symantec Corporation (NASDAQ:SYMC)

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