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Symantec (SYMC -2.2%) heads lower on a downgrade to Sell from Goldman's Greg Dunham, who thinks...
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Monday, May 14, 2012, 10:20 AM ETSymantec (SYMC -2.2%) heads lower on a downgrade to Sell from Goldman's Greg Dunham, who thinks declining margins and cash flow will drive shares lower. Dunham thinks "secular headwinds" in Symantec's core security and storage software businesses are limiting growth, and sees the company focusing more on lower-margin areas such as cloud software. He also sees competitive risks for Symantec's high-margin consumer security ops.
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