|Bid||23.02 x 1100|
|Ask||23.55 x 900|
|Day's Range||23.12 - 23.55|
|52 Week Range||17.43 - 26.07|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||540.00|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.30 (1.47%)|
|1y Target Est||22.93|
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s attaining a greater than 5% position in any class of a company’s securities. Privet Fund on Aug. 20 disclosed a position in the metal and specialty-chemicals manufacturer of 1,221,449 shares, or 13.6% of the outstanding stock. In April of this year, Privet proposed to tender $20 per every Synalloy share it did not already own.
A vast majority of employees queried at Cisco Systems and several other big Silicon Valley tech employers say they've noticed cost-cutting at work.
Investors seem to have forgotten about Oracle, despite its strong gains this year. The enterprise software giant's stock has risen 19.4% year-to-date.
The acquisition of Syscom is expected to boost DXC Technology's (DXC) footing in Norway by aiding and accelerating the digital transformation journey of Norwegian clients.
Insider purchasing was seen at companies favored by Carl Icahn and George Soros last week. The CEO of an industrial giant put his money where his mouth is as well. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it.
Symantec Corp. , the world’s leading cyber security company, today announced Symantec’s management team will be presenting at the following investor conferences:
Clumio Inc. until now has gone from "three founders and a couple of dogs" in the Palo Alto offices of Sutter Hill Ventures to a 75-employee startup in Santa Clara without attracting too much attention.
As is the case with CA, Broadcom wants to significantly cut the spending of Symantec's enterprise security unit and streamline its offerings. But the unit faces a tougher competitive environment than CA's core mainframe software business.
Broadcom's acquisition of Symantec's enterprise security software unit has divided analysts as the company continues to diversify from its legacy semiconductor business. Broadcom stock rose.
Moody's Investors Service said Friday it was placing Symantec Corp.'s Baa3 senior unsecured debt ratings under review for downgrade, after the security software company said it planned to sell its enterprise software security business to Broadcom Inc. for $10.7 billion and distribute the proceeds to shareholders. Since Baa3 is Moody's lowest investment-grade rating, any downgrade would put the rating into speculative, or "junk" territory. Moody's said that given the increase in "shareholder friendly financial policies," a downgrade of at least one notch is likely. Symantec's stock fell 1.1% in afternoon trading while Broadcom shares gained 2.5%. "Loss of the enterprise business will contribute to a moderate increase in leverage as debt is not being repaid as part of the divestiture," Moody's said. "Leverage and cash flow will be further weakened by stranded costs until they are reduced or eliminated." Year to date, Symantec's stock has rallied 19.9% and Broadcom shares have gained 9.3%, while the S&P 500 has advanced 16.9%.
Broadcom Inc (NASDAQ: AVGO) shares were trading higher Friday after the company announced a $10.7-billion buyout of the enterprise business of Symantec Corporation (NASDAQ: SYMC). A deal between the two tech giants had been rumored for weeks, and the combination should lead to significant cost synergies for Broadcom. Broadcom’s enterprise security business generates about $2 billion in annual revenue, and the company is anticipating $1 billion in synergies in the first year after the deal’s closing.
Symantec (SYMC) stock soared and closed 12.3% higher yesterday after the cybersecurity company announced it was selling assets to Broadcom (AVGO).
U.S. stocks were set to open lower on Friday, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain's economy. Shares of chipmakers and other tariff-sensitive stocks came under pressure after a report that Washington was delaying a decision about allowing some trade between U.S. companies and China's telecom equipment maker Huawei again. Micron Technology, Nvidia Corp and Intel Corp fell between 0.7% and 1.7% in premarket trading, while Apple Inc slid 0.8%.
Broadcom is known for acquiring companies. After years of primarily buying chip companies, it entered the software industry last year with its purchase of CA Technologies for almost $19 billion.
Investing.com – Wall Street slipped on Friday, reversing some of the gains of its biggest one-day rise in two months as trade tensions failed to show signs of easing and political uncertainty in Italy and the U.K. added to concerns.
Shares of Symantec rose 3.6% and Broadcom 2% in extended trading. Broadcom last year bought U.S. business software maker CA Inc for $18.9 billion and was reportedly in talks to buy infrastructure software company Tibco Software Inc, which was taken private by Vista Equity Partners for $4.3 billion in 2014.
Broadcom is buying software company Symantec's enterprise security unit for $10.7 billion in an all-cash deal. Constellation Research Principal Analyst and Vice President Holger Mueller discusses how the acquisition helps Broadcom to diversify its business and what it means for the business.
Broadcom has a big deal in the works.. The company is buying Symantec's enterprise security business for $10.7 billion. Yahoo Finance’s Alexis Christoforus, Brian Sozzi and Dan Howley discuss.