UBS Maintains Symantec Corporation to Buy with Price Target $28.00

Brokerage firm UBS Maintains its rating on Symantec Corporation(NASDAQ:SYMC). In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share. The shares have been rated Buy. The rating by UBS was issued on Sep 16, 2016.

In a different note, Guggenheim Securities said it Initiates Coverage on Symantec Corporation, according to a research note issued on Sep 15, 2016. The shares have been rated ‘Buy’ by the firm. On Sep 13, 2016, Wunderlich said it Upgrades its rating on Symantec Corporation. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, Citigroup said it Maintains its rating on Symantec Corporation. In the research note, the firm Raises the price-target to $17.50 per share. The shares have been rated ‘Buy’ by the firm. On Aug 19, 2016, Citigroup said it Upgrades its rating on Symantec Corporation. In the research note, the firm Raises the price-target to $7.50 per share. The shares have been rated ‘Buy’ by the firm. On Aug 15, 2016, Morgan Stanley said it Assumes its rating on Symantec Corporation. The shares have been rated ‘Overweight’ by the firm. On Aug 5, 2016, Barclays said it Assumes its rating on Symantec Corporation. The shares have been rated ‘Equal-weight’ by the firm.

Symantec Corporation (SYMC) remained unchanged at the close of Thursday session. Even as the volume increased to 45,99,771 ,the shares failed to make any impression and ended at 0 points or 0.00% at $25.08. The trading session commenced at $25.27 and the stock hit a high of $25.34 and touched $24.96 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $25.365 and the 52-week low is $16.14. The company has a market cap of $15,439 M and has approximately 61,55,88,600 outstanding shares.

Symantec Corporation(SYMC) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $884.00M. Analysts had an estimated revenue of $877.01M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, Francis C Rosch (EVP, Norton Business Unit) sold 3,336 shares at $24.88 per share price.Also, On Jul 5, 2016, Suzanne M Vautrinot (director) sold 3,750 shares at $20.39 per share price.On Jun 15, 2016, Mark S. Garfield (SVP and CAO) sold 11,852 shares at $18.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Symantec Corporation provides security backup and availability solutions. The Company operates in three segments: Consumer Security Enterprise Security and Information Management. The Company’s 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 Company’s enterprise security support program offers annual maintenance support contracts including content upgrades and technical support. The Company’s 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.

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