Symantec Shares Drop on Lower Forecast, Internal Investigation

Symantec shares tank after annual report delays

Symantec Corporation on 12/30/2017 reported its EPS as $0.28 with the analysts projecting the EPS of the stock as $0.28. As per Thursday, October 12, the company rating was maintained by Robert W. Baird. On Wednesday, January 31 the rating was maintained by Piper Jaffray with "Buy". The rating was maintained by H.C. Wainwright on Thursday, February 8 with "Buy".

More notable recent Symantec Corporation (NASDAQ:SYMC) news were published by: Seekingalpha.com which released: "Symantec -13.2% on Q4 beats, downside guides, internal investigation" on May 10, 2018, also Seekingalpha.com with their article: "Symantec: A Risky Hold Through Earnings" published on May 06, 2018, Streetinsider.com published: "After-Hours Stock Movers 05/10: (KGJI) (TTD) (VRAY) Higher; (SYMC) (RDFN) (NVDA) Lower (more...)" on May 10, 2018. The 5 months bearish chart indicates high risk for the $11.80B company. Oakbrook Investments LLC now owns 58,670 shares of the technology company's stock valued at $1,646,000 after buying an additional 7,490 shares in the last quarter.

The stock decreased 32.32% or $9.43 during the last trading session, reaching $19.75. About shares traded. Xtreme Drilling Corp. It has a 18.03 P/E ratio. Listed here are Symantec Corporation (NASDAQ:SYMC) PTs and latest ratings. It has underperformed by 27.83% the S&P500.

Symantec divulged few details about the investigation, aside from that the issue "does not relate to any security concern or breach with respect to our products or systems". Standpoint Research raised Symantec from a "hold" rating to a "buy" rating in a research report on Friday, April 6th. The firm has "Overweight" rating given on Thursday, May 11 by First Analysis. Looking at the big picture from the data above, the average analyst rating for Symantec Corporation is 2.80. Integral Derivatives Ltd Llc invested 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC). As per Monday, August 17, the company rating was upgraded by Zacks.

At the moment, there are a total of 28 analysts who cover Symantec Corporation (NASDAQ:SYMC) stock. Bank of America has "Underperform" rating and $21 target. As per Friday, May 11, the company rating was downgraded by PiperJaffray. On Monday, January 22 the firm earned "Hold" rating by Credit Suisse. Jefferies maintained the shares of SYMC in report on Tuesday, August 2 with "Hold" rating.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide.The firm is worth $18.14 billion. The company has market cap of $11.80 billion. It operates through two segments, Consumer Digital Safety and Enterprise Security.

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