Symantec Corporation (SYMC) : Zacks Investment Research ranks Symantec Corporation (SYMC) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 13 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.58, which indicates as a Hold.
Symantec Corporation (SYMC) : The most positive equity analysts on Symantec Corporation (SYMC) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $22.23 with an expected fluctuation of $3.54 from the mean.
Company shares have received an average consensus rating of Hold for the current week Symantec Corporation (NASDAQ:SYMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.70 and $21.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.11, notching a gain of 1.75% for the day. The total traded volume was 9,891,684 . The stock had closed at $21.73 on the previous day.
In a related news, Vautrinot Suzanne M, director of Symantec Corp, unloaded 3,750 shares at an average price of $20.39 on July 5, 2016. The total amount of the transaction was worth $76,463, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.