|Bid||25.51 x 500|
|Ask||25.93 x 300|
|Day's Range||27.40 - 27.80|
|52 Week Range||24.94 - 34.20|
|PE Ratio (TTM)||17.03|
|Earnings Date||May 8, 2018 - May 14, 2018|
|Forward Dividend & Yield||0.30 (1.08%)|
|1y Target Est||29.94|
Earlier in this series, we discussed Symantec’s (SYMC) Enterprise Security segment’s performance. Let’s see how the Symantec’s Consumer Digital Safety segment, previously known as the Consumer Security segment, performed in fiscal 1Q18. This segment provides digital safety offerings that protect information, networks, devices, and the identities of consumers.
Earlier in this series, we discussed the performance of Symantec’s (SYMC) Enterprise Security segment in fiscal 3Q18. Endpoint Protection is a sub-segment of the company’s Enterprise Security segment, in which the company has a competitive edge over its peers. In late January 2018, Gartner positioned Symantec in the Leaders quadrant of the 2018 Magic Quadrant for Endpoint Protection Platforms, as shown below.
The company is integrating acquisitions such as Skycure, SurfEasy, FireGlass, and Outlier Security to harness the resultant synergy. As a result, Symantec has seen a surge in company’s cross-selling opportunities. In fiscal 3Q18, Symantec saw an increase in multiproduct deals, a significant portion of which can be attributed to its integrated cyber defense platform. The chart above shows that with five acquisitions in 2017, Symantec led all acquirers.
Earlier in this series, we discussed the performance of Symantec’s (SYMC) Enterprise Security segment in fiscal 3Q18. Symantec has taken several steps to advance this offering, with the most recent step being a partnership with Oracle (ORCL). This partnership is expected to benefit Symantec, as its Integrated Cyber Defense platform is available in the Oracle Cloud Marketplace.
As much as FireEye (FEYE) has for years been a force to reckon with in the cybersecurity vendor market, the one thing that had been lacking on its resume was that unlike rivals Cisco Systems (CSCO), Symantec (SYMC), and Palo Alto Networks (PANW), it had never turned a quarterly profit since going public back in 2013. Wall Street on average was expecting FireEye to post a loss per share of $0.01 in 4Q17. FireEye would have actually posted a GAAP (generally accepted accounting principles) profit in 4Q17 had it not been for a one-off expense of $12.5 million that the company incurred toward legal settlement costs.
With the Finjan Holdings (FNJN) litigation now behind it and subscription-based revenues continuing to grow, FireEye’s (FEYE) prospects in the security market may have just brightened. FireEye is one of the ten largest pure-play cybersecurity companies in the world, according to the BVP Cyber Index. Also on this list are Check Point Software (CHKP), Symantec (SYMC), Palo Alto Networks (PANW), and Proofpoint (PFPT).
After a period of push and pull over patent ownership that resulted in Finjan Holdings (FNJN) suing FireEye (FEYE), the companies in December agreed to settle their differences and proceeded to announce the deal in January. In a joint statement, Finjan and FireEye said that they had agreed to resolve and settle all claims against each other. The companies also announced their agreement to cross-license each other’s patent portfolios.
LONDON, UK / ACCESSWIRE / February 15, 2018 / Active-Investors.com has just released a free earnings report on Symantec Corp. (NASDAQ: SYMC ). If you want access to this report all you need to do is sign ...
Cisco Systems (CSCO) is considered a market leader in the worldwide security appliance market with a 16% share. The other top players are Palo Alto Networks (PANW), Check Point Software Technologies (CHKP), Fortinet (FTNT), and Symantec (SYMC) with shares of 14%, 12.6%, 10.6%, and 4.6%, respectively. Cisco’s Security business generated revenue of $2.2 billion in fiscal 2017, a rise of 9% YoY (year-over-year) compared to $2 billion in fiscal 2016.
In the preceding parts of this series, we discussed how FireEye’s (FEYE) distinct position in the cybersecurity space makes it a potential target for Microsoft (MSFT), which has been eyeing acquisitions in the security space for a long time now. The acquisition of a cybersecurity company would also be in sync with Microsoft’s strategy of becoming a leader in the cloud. Without a doubt, cloud security is one of the key areas of growth in the cybersecurity space, and security is a prerequisite of Microsoft’s vision of becoming a leader in the public cloud. A stronger security offering would not only help Microsoft’s public cloud offerings but also enhance the software and OS (operating system) offerings that form the crux of its business.
In the last week of December 2017, the Information predicted that Microsoft (MSFT) will make a “major, multibillion dollar security acquisition” in 2018, and rumor has it that FireEye (FEYE) could be a potential target. If you’ve been following the tech sector for some time, there’s likely nothing very newsworthy about this—if you consider the above information individually. Microsoft has been on an acquisition spree for the past couple of years, and with the new US tax plan in effect, Microsoft will bring billions of dollars in overseas cash back into the US. Microsoft is likely to use this cash to fund R&D (research and development), make strategic acquisitions, or announce dividends and share buybacks.
Symantec, the world’s leading cyber security company, today announced it is working with Microsoft to bring applications that provide an added layer of protection to Microsoft Azure, making it easier for customers to adopt a hybrid cloud infrastructure.
FireEye (FEYE), a leading player in the cybersecurity space, is scheduled to announce its fiscal 4Q17 earnings on February 8, 2018. Analysts expect the company to report revenue and non-GAAP (generally accepted accounting principles) loss per share of ~$193.6 million and $0.01, respectively, in fiscal 4Q17. For fiscal 4Q17, FireEye expects its revenue and loss per share to be in the range of $190 million–$196 million and $0.00–$0.03, respectively.
Symantec Corp. , the world’s leading cyber security company, today announced Symantec’s management team will be presenting at the following investor conferences:
Symantec (SYMC) misses of third-quarter fiscal 2018 revenue guidance on incorrect product mix forecast. However, earnings beat estimates.
Symantec, like its rivals FireEye Inc (FEYE.O) and Palo Alto Networks Inc (PANW.N), has been ramping up its cloud-based offerings to cater to growing demand for such products. The company underestimated the timing of customers' shift to cloud and subscription-based services and that led to a recalculation of the outlook, Symantec Chief Executive Gregory Clark said on a post-earnings call with analysts.