SYMC - NortonLifeLock Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
23.75
+0.34 (+1.45%)
At close: 4:00PM EST
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Previous Close23.41
Open23.59
Bid0.00 x 4000
Ask0.00 x 1100
Day's Range23.38 - 24.03
52 Week Range17.43 - 26.07
Volume7721735
Avg. Volume4,765,443
Market Cap15B
Beta (3Y Monthly)1.11
PE Ratio (TTM)17.54
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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    We know their salaries, but what about the perks for Silicon Valley's highest-paid CEOs?

    Vacation day cashouts, merchandise at the company store and home security systems are some of the perks granted to Silicon Valley's highest-paid CEOs.

  • Goodbye, Symantec: Consumer business gets rebrand
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    Goodbye, Symantec: Consumer business gets rebrand

    Broadcom Inc.'s $10.7 billion acquisition of Symantec Corp.'s enterprise security business closed this week, and with the deal came the right to the Symantec name. That means that what remains of Mountain View-based Symantec has rebranded.

  • Benzinga

    UBS Upgrades Symantec, Says RemainCo Consumer Franchise Seems Undervalued

    Symantec has closed the sale of its Enterprise business, which contributed 50% of total revenue and 10% of EBIT. The company is scheduled to report earnings on Wednesday, and “we see catalysts for investors to revisit a cleaner, more profitable, and more focused business at an attractive multiple,” Boolani said in the note. Following the Enterprise business divestiture to Broadcom Inc (NASDAQ: AVGO), Symantec has changed its name to NortonLifeLock and its dividend yield goes to an attractive 3%.

  • Symantec (SYMC) to Report Q2 Earnings: What's in the Offing?
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    Symantec (SYMC) to Report Q2 Earnings: What's in the Offing?

    Symantec's (SYMC) fiscal second-quarter earnings are likely to have gained from strength in Consumer Cyber Safety business. However, high investment in customer acquisition might have been a concern.

  • Moody's

    Symantec Corporation -- Moody's downgrades Symantec's unsecured rating to Ba3; assigns Ba2 CFR, stable outlook

    Moody's Investors Service ("Moody's") downgraded the senior unsecured rating of Symantec Corporation (Symantec or NotonLifeLock Inc.) to Ba3 from Baa3. Moody's also assigned a Ba2 Corporate Family Rating (CFR) and Ba2-PD Probability of Default Rating (PDR). The downgrade of the unsecured debt rating is driven by the increase in leverage following the sale of its Enterprise business, shift to a more shareholder friendly financial policy and introduction of secured debt into the capital structure.

  • Symantec (SYMC) Reports Next Week: What to Expect
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    Symantec (SYMC) Reports Next Week: What to Expect

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  • Moody's

    Broadcom Technologies Inc. -- Moody's announces completion of a periodic review of ratings of Broadcom Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Broadcom Inc. New York, October 29, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Broadcom Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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  • Moody's

    Broadcom Technologies Inc. -- Moody's confirms Broadcom's Baa3 senior unsecured rating; outlook stable

    Moody's Investors Service ("Moody's") confirmed the ratings of Broadcom Inc. ("Broadcom") and Broadcom Technologies Inc. ("Broadcom Technologies"), including the Baa3 senior unsecured rating and Broadcom's Prime-3 short term rating. The outlook is stable.

  • Symantec Boosts Endpoint Security Portfolio With New Upgrade
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    Symantec Boosts Endpoint Security Portfolio With New Upgrade

    Symantec's (SYMC) Endpoint Security solution features capabilities like new attack surface reduction, threat hunting, and breach analysis and prevention, to cater to the growing need for comprehensive enterprise security.

  • CrowdStrike CEO: There's a 'real awakening' about the threat of 2020 election hacking
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  • It's Time To Add Semis Back Into Your Portfolio
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  • Thomson Reuters StreetEvents

    Edited Transcript of SYMC earnings conference call or presentation 8-Aug-19 9:45pm GMT

    Q1 2020 Symantec Corp Earnings and Sale of Enterprise Security Assets for $10.7 Billion to Broadcom Call

  • 6 Top Large-Cap Technology Stocks to Buy in Q4
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    3 Blue-Chip Tech Stocks for Investors to Buy Heading into October

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  • Microsoft Stock: Dividend Hike, Buybacks Attract Investors
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    Microsoft Stock: Dividend Hike, Buybacks Attract Investors

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  • IBM Collaborates With City of Los Angeles to Fight Cybercrime
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  • Zacks.com featured highlights include: Medtronic, Symantec, Target, Popular and Baxter International
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  • Broadcom to Deleverage Its Balance Sheet
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    Broadcom to Deleverage Its Balance Sheet

    Broadcom's CEO is known for his mergers and acquisitions. He targets companies that are market leaders with high cash flows and distressed growth.

  • Zacks

    Broadcom (AVGO) Earnings & Revenues Beat Estimates in Q3

    Broadcom (AVGO) Q3 results benefit from expanding presence in the infrastructure software space on synergies from CA buyout. However, company provided cautious fiscal 2019 guidance.

  • Broadcom Sticks to Lowered 2019 Sales Forecast; Shares Slip
    Bloomberg

    Broadcom Sticks to Lowered 2019 Sales Forecast; Shares Slip

    (Bloomberg) -- Broadcom Inc. reported modest quarterly sales growth and reiterated a muted forecast for the rest of the fiscal year, indicating the trade war between China and the U.S. is still suppressing demand for semiconductors.Sales in the period ended Aug. 4 rose 9% to $5.52 billion, the San Jose, California-based company said Thursday in a statement. Before certain items, profit was $5.16 a share. That compares with average analyst estimates for per-share profit of $5.13 on sales of $5.52 billion, according to data compiled by Bloomberg.Broadcom said it still expects revenue in fiscal 2019 to be $22.5 billion, a lowered projection it made in June. The company no longer gives quarterly predictions and instead updates its annual target at the end of each quarter. Shares declined about 1.3% in extended trading.Chief Executive Officer Hock Tan has built a $100 billion company through a spate of acquisitions, including his purchase of part of Symantec Corp. for $10.7 billion in August. While Broadcom has one of the broadest reaches in the technology industry, that diversity hasn’t made it immune to the ongoing trade dispute between the U.S. and China and blacklisting of Huawei Technologies Co., which is hammering Tan’s semiconductor business.“We believe demand has bottomed out but will continue to remain at these levels due to the current uncertain environment,” Tan said in the statement. There’s little visibility due to the trade war and no sense of a “sharp recovery around the corner,” he added on a conference call.About half of the chips Broadcom sells are either used in China or sent through factories there on the way to becoming part of electronic devices sold around the world. Last year, Huawei accounted for about $900 million of Broadcom’s sales, Tan has said.The chipmaker’s position as a major manufacturer of components for Apple Inc. and Samsung Electronics Co. means its orders are seen as a gauge of confidence in future demand from some of the world’s largest smartphone makers. It’s also one of the leading suppliers of networking components used by large data-center operators such as Alphabet Inc.’s Google and Amazon.com Inc.’s cloud division.Tan said that there is a “seasonal uptick” in demand for phone parts because of the launch of new models from his “large North American customer,” using his typical reference for Apple. Orders at this point are typical of the buildup ahead of a phone release, and sales of the devices will determine demand in the future. Apple’s iPhone 11 goes on sale Sept. 20.Three months ago, Tan pared back his revenue forecast for the year, indicating that sales in each of the remaining quarters would be a billion dollars lighter than previously expected. That has held back Broadcom’s stock, which is up 18% this year, compared with a 39% advance by the Philadelphia Stock Exchange Semiconductor Index.In the current circumstances, the company will prioritize paying down debt over buying back shares, Chief Financial Officer Tom Krause said on the conference call. Doing so is important to retaining the company’s investment-grade credit rating.Net income in the fiscal third quarter declined to $715 million, or $1.71 a share, from $1.2 billion, or $2.71, a year earlier, Broadcom said. Chip unit sales were about $4.4 billion in the recent period, accounting for 79% of the company’s total revenue. They were down 4.7% from a year earlier.(Updates with comments from executives starting in fifth paragraph)To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.