Symantec

Technology | Security Software & Services | USA
Symantec shares surge after earnings beat

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The company reported fiscal third-quarter net income of $65 million, or 10 cents a share, compared with $1.34 billion, or $2.01 a share, in the year-ago period. Adjusted earnings were 44 cents a share. Revenue rose slightly to just above $1.21 billion from just below $1.21 billion in the year-ago quarter. 

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https://www.marketwatch.com/story/symant...2019-01-31

SYMC +5% nachbörslich auf 22, im chart noch nicht vermerkt, ...

Symantec stock gains after Goldman turns bullish

Shares of Symantec Corp. SYMC,  are up 1.7% in premarket trading Monday after Goldman Sachs analyst Gabriela Borges upgraded the stock to buy from neutral and raised her target price to $28 from $23. "FY20 should show improvement on essentially every key metric, driven by a return to more normalized execution, stabilization in business mix, and the benefit of revenue already on the balance sheet," she wrote.

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https://www.marketwatch.com/story/symant...quote_news

Symantec (SYMC) Q4 Earnings Match, Revenues Miss Estimates

Symantec Corporation SYMC reported fourth-quarter fiscal 2019 non-GAAP earnings per share (EPS) of 39 cents that matched the Zacks Consensus Estimate and came within the guided range of 37-41 cents. The figure, however, declined 15.2% year over year.

On a non-GAAP basis, Symantec generated revenues of $1.195 billion, which missed the consensus estimate of $1.208 billion. Moreover, revenues were down 2.2% from the year-ago quarter. However, the top line came within the guided range of $1.19-$1.22 billion.

Notably, Symantec altered the name of the Consumer Digital Security segment to Consumer Cyber Safety.

The company benefited from strength in Consumer Cyber Safety segment. However, lower-than-expected bookings resulted in a weak quarter for the Enterprise Security segment, thus dragging the top line.

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https://finance.yahoo.com/news/symantec-...11749.html

Broadcom Acquiring Symantec

Media reports say that Broadcom AVGO is acquiring security software maker Symantec SYMC for $15 billion. The formal announcement could be made as soon as today or after the July 4th holiday.

Unfazed by President Trump’s move to block its acquisition of Qualcomm QCOM, the company and its determined CEO Hock Tan proceeded to transfer its headquarters to the U.S., so it could continue on its strategy of acquiring technology companies and squeezing efficiencies from the combinations.


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Symantec shares jumped over 20% at the news, still well below their 2017 highs, while Broadcom shares dropped off.

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https://finance.yahoo.com/news/broadcom-...06588.html

Symantec Falls as Deal Talks With Broadcom Are Said Stall

(Bloomberg) -- Symantec Corp. and Broadcom Inc. have halted their discussions for a proposed merger as the two sides couldn’t agree on a price, according to people familiar with the matter. Symantec shares fell as much as 15% to $21.70.

Discussions hit an impasse over the weekend after Broadcom sought to reduce its offer by more than $1.50 per share after determining in due diligence that it was no longer willing to meet their agreed-upon price of $28.25, said the people, who asked to not be identified because the matter isn’t public.

They had been preparing to announce the transaction as soon as Tuesday, one of the people said. At $28.25 per share, Symantec would have been valued at about $17.5 billion.


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https://finance.yahoo.com/news/symantec-...33399.html