Symantec announces internal investigation, weak outlook

A Symantec security app is seen on a phone in this illustration

Finally, Reilly Financial Advisors LLC grew its position in Symantec by 223.5% during the fourth quarter. Institutional investors and hedge funds own 95.28% of the company's stock. More interesting news about Symantec Corporation (NASDAQ:SYMC) were released by: Nasdaq.com and their article: "Symantec Corporation Stock Plummets On Weak Y2019 Guidance" published on May 11, 2018 as well as Streetinsider.com's news article titled: "S&P, Dow edge higher on healthcare gains, tech drags" with publication date: May 11, 2018. The company has a market capitalization of $17.87 billion, a price-to-earnings ratio of 44.21, a P/E/G ratio of 2.36 and a beta of 0.86. This company's ROA is now 6.40%.

Symantec Corporation on 12/30/2017 reported its EPS as $0.28 with the analysts projecting the EPS of the stock as $0.28.

The cybersecurity company made shareholders aware of the probe during its fourth-quarter earnings call late Thursday.

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In addition to making the internal investigation public, Symantec said it expects revenue for its fiscal first quarter to be between $1.135 billion and $1.165 billion, the midpoint of which would be flat with Symantec's sales in the same period a year ago. Symantec has $40 highest and $14 lowest target. The firm's revenue for the quarter was up 4.9% compared to the same quarter a year ago. Symantec's dividend payout ratio (DPR) is now 45.45%. Other Wall Street experts have also recently posted reports on these shares. Currently, the stock has a 1 Year Price Target of $29.94. BidaskClub cut shares of Symantec from a "sell" rating to a "strong sell" rating in a report on Saturday, January 13th. As per Thursday, November 2, the company rating was maintained by Stifel Nicolaus.

In a research note issued to clients on 11 May, Piper Jaffray lowered shares of Symantec (SYMC) to a lower Neutral rating from the previous Overweight rating. Finally, Zacks Investment Research cut shares of Symantec from a "hold" rating to a "sell" rating in a report on Tuesday, April 3rd. Out of 12 Wall Street analysts rating Symantec, 3 give it "Buy", 3 "Sell" rating, while 6 recommend "Hold". This organization's stock showed a trading volume of 6.69 million shares, compared to its average daily volume of 5.20M shares. The stock was sold at an average price of $27.72, for a total transaction of $110,880.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The rating was downgraded by Cowen & Co on Monday, October 9 to "Sell". The disclosure for this sale can be found here. Can now owns 2,081,960 shares of the technology company's stock valued at $53,888,000 after acquiring an additional 35,512 shares during the last quarter.

Symantec provides security, storage, and systems management solutions to help businesses and consumers secure and manage their information.

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