Could Symantec Corporation (SYMC) Go Down? The Stock Formed Multiple Bottom

Symantec Corporation (SYMC) failed to surprise the stock market in its last reported earnings when it earned $0.4 a piece versus the consensus-estimated $0.43. The Average Volume of the company is 5.98 Million, while the Volume of the company in the last trading session was 5.99 Billion. About 369,004 shares traded. The stock of Symantec Corporation (NASDAQ:SYMC) has "Hold" rating given on Thursday, November 2 by Stifel Nicolaus.

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company has market cap of $299.75 million. It now has negative earnings. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Symantec had 80 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Friday, June 9 by Evercore.

In related news, EVP Roxane Divol sold 15,111 shares of the firm's stock in a transaction on Tuesday, September 12th. On Monday, September 11 the stock rating was maintained by Piper Jaffray with "Buy". As per Thursday, August 3, the company rating was maintained by Cowen & Co. The firm earned "Equal Weight" rating on Friday, August 21 by Morgan Stanley. IFP Advisors Inc increased its position in shares of Symantec by 0.3% in the first quarter. Its up 0.14, from 0.81 in 2017Q1. BidaskClub upgraded shares of Symantec from a "sell" rating to a "hold" rating in a research note on Wednesday, August 23rd.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The company holds 615.00 million outstanding shares and 614.21 million shares are floating in market. Renaissance Technologies LLC now owns 4,857,838 shares of the technology company's stock valued at $137,234,000 after buying an additional 3,897,200 shares during the last quarter. Principal Fin owns 0.03% invested in Symantec Corporation (NASDAQ:SYMC) for 900,854 shares. Shufro Rose Ltd Co reported 0.22% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Pine River Cap Management L P has invested 0.1% in Symantec Corporation (NASDAQ:SYMC). Following the transaction, the chief financial officer now owns 184,928 shares in the company, valued at approximately $6,000,913.60. 1,511 are owned by Manchester Mngmt Llc.

When looking for the right stock to invest in, there are many different aspects you have to observe. San Francisco Sentry Group Inc Inc (Ca) has invested 0% in Symantec Corporation (NASDAQ:SYMC). Bancorp Of Ny Mellon Corporation, New York-based fund reported 5.88 million shares. Brighton Jones Lc reported 0.06% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Pnc Fincl Svcs Group reported 185,061 shares stake. Eagle Asset Management Inc has invested 0.01% in Symantec Corporation (NASDAQ:SYMC). Deutsche Comml Bank Ag stated it has 4.33 million shares.

The firm's revenue for the quarter was up 25.7% on a year-over-year basis. equities analysts anticipate that Symantec Corporation will post 1.05 EPS for the current fiscal year. SYMC's profit will be $179.80 million for 23.94 P/E if the $0.29 EPS becomes a reality. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.14. Greenlight Capital Inc owns 1.50 million shares or 0.22% of their U.S. portfolio. Shares are clocking price at $27.56 with change of 0.73%. BNP Paribas Arbitrage SA now owns 423,593 shares of the technology company's stock worth $13,898,000 after acquiring an additional 135,857 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Symantec by 10,624.9% in the 2nd quarter.

Ratings analysis reveals 33% of Fred's's analysts are positive. Symantec presently has a consensus rating of Hold and a consensus target price of $30.14. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return. CIBC restated an "outperform" rating and set a $33.00 price target (down previously from $35.00) on shares of Symantec in a research report on Thursday, November 2nd. They issued an "outperform" rating and a $36.00 price target for the company. The stock of Fred's, Inc. Following the transaction, the executive vice president now owns 237,030 shares in the company, valued at $7,691,623.50. The company was maintained on Wednesday, November 2 by M Partners.

Analysts await Fred's, Inc. Hence the difference between Predicted EPS and Actual EPS reported is $-0.03/share which shows an Earnings Surprise of -7 Percent. The lowest price the stock reached in the last trading day was $1.83 and compares with the $1.02 52-week low. About 165,249 shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since December 9, 2016 and is uptrending.

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