In a report released today, Jonathan Ruykhaver from Robert W. Baird maintained a Hold rating on Symantec Corp (SYMC – Research Report), with a price target of $23. The company’s shares closed last Monday at $24.52.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 18.9% and a 67.3% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
Currently, the analyst consensus on Symantec Corp is a Hold with an average price target of $24.40.
Based on Symantec Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.25 billion and net profit of $26 million. In comparison, last year the company earned revenue of $1.16 billion and had a GAAP net loss of $60 million.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SYMC in relation to earlier this year.
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Symantec Corp. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data.