|Bid||0.00 x 4000|
|Ask||0.00 x 1100|
|Day's Range||23.38 - 24.03|
|52 Week Range||17.43 - 26.07|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||142.22|
|Earnings Date||Jan 29, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.86|
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.
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'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 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.
SAN JOSE, Calif. , Nov. 4, 2019 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced ...
Symantec (SYMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
Fortinet's (FTNT) Q3 results are likely to reflect benefits from its strong product portfolio and deal wins. High capital expenditures are likely to have kept margins under pressure.
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'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 co-founder and CEO George Kurtz weighs in on cybe threats pertaining to the 2020 presidential election.
Symantec Corp. (SYMC), the world’s leading cyber security company, today announced a major revamp to its endpoint portfolio with Symantec Endpoint Security (SES), which now delivers protection, detection and response in a single solution, as well as new attack surface reduction, threat hunting, and breach assessment and prevention capabilities. To safeguard their organizations from modern and sophisticated attacks, security teams need simple, comprehensive and flexible solutions. SES solves for these needs, finding and stopping attacks with analytics honed by Symantec’s world-renowned security experts.
Symantec Corporation (SYMC) today announced that it will release its financial results for its fiscal second quarter 2020, which ended on October 4, 2019, after the U.S. market close on Thursday, November 7, 2019. Symantec will host a conference call that day at 5:00 p.m. ET/ 2:00 p.m. PT to discuss the results. The news release with the financial results will be accessible from Symantec’s Investor Relations website prior to the conference call.
Q1 2020 Symantec Corp Earnings and Sale of Enterprise Security Assets for $10.7 Billion to Broadcom Call
Symantec Corp. (SYMC), the world’s leading cyber security company, today announced its commitment to the National Cybersecurity Awareness Month (NCSAM) campaign, “Own IT. In support of the initiative, Symantec has launched an educational microsite featuring blog and video content, as well as three new webinars featuring cybersecurity experts from Symantec. Held annually in October, NCSAM is a collaborative effort co-led by National Cyber Security Alliance (NCSA) and the Cybersecurity and Infrastructure Agency (CISA) of the U.S. Department of Homeland Security to bring awareness to the importance of online safety and privacy, and ensure every American has the proper resources to be safer and more secure online.
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