Symantec Corporation
 (SYMC)

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  • Nov. 14, 2012, 5:01 PM

    Third Point reports initiating new stakes in Mondelez (MDLZ), Nexen (NXY), Symantec (SYMC), WESCO (WCC), Autodesk (ADSK), while increasing its stakes in AIG (AIG), Apple (AAPL), Murphy Oil (MUR) and LyondellBasell (LYB). The firm liquidated positions in Plains Exploration (PXP), Liberty (LINTA), News Corp (NWSA), Capital One (COF) and DISH (DISH) over the quarter, and reduced stakes in Cigna (CI), ARIAD (ARIA), Cabot (COG) and Coca-Cola Enterprises (CCE). (13-F)

    | Nov. 14, 2012, 5:01 PM | 1 Comment
  • Nov. 5, 2012, 7:05 PM

    Symantec (SYMC) is seeing an executive shakeup under new CEO Steve Bennett: the company just disclosed Rowan Trollope, the head of its SMB ops and Symantec.cloud, has resigned. Trollope departs shortly after sales chief Williams Robbins, whose departure was mentioned during Symantec's FQ2 earnings call. (FQ2 results: I, II)

    | Nov. 5, 2012, 7:05 PM | 1 Comment
  • Oct. 25, 2012, 9:10 AM
    Premarket gainers: PSSI +32%. ZNGA +15%. DDD +9%. AKAM +9%. SYMC +8%.
    Losers: SPR -21%. CROX -13%. FFIV -12%. LOGI -8%. FIO -7%. WRLD -7%. CLF -6%. CAB -6%. TQNT -5%.
    | Oct. 25, 2012, 9:10 AM
  • Oct. 24, 2012, 5:40 PM
    After-hours top gainers, as of 5:15 p.m.: ZNGA +12.3%; ANGI +10%; SYMC +7.1%; INFN +6.4%; SKX +6%.
    After-hours top losers: FIO -11.1%; FFIV -10.5%; MKSI -9.6%; TRN -8.2%; CROX -7.4%.
    | Oct. 24, 2012, 5:40 PM
  • Oct. 24, 2012, 5:36 PM

    More on Symantec's FQ2: FQ3 guidance is for revenue of $1.72B-$1.75B and EPS of $0.36-$0.38 vs. a consensus of $1.72B and $0.42. The soft EPS guidance is blamed on "investments to better serve customers" - could Symantec's CEO change be responsible? Deferred revenue +5% Y/Y to $3.62B. EMEA -4% Y/Y, but Asia-Pac +6%. Consumer revenue (anti-virus software) -1%, enterprise security software +6%, storage/server management software -2%. SYMC +9% AH. CC underway (webcast). (PR)

    | Oct. 24, 2012, 5:36 PM
  • Oct. 24, 2012, 4:33 PM
    Symantec (SYMC): Q3 EPS of $0.45 beats by $0.07. Revenue of $1.7B (+1% Y/Y) in-line. Shares +5.8% AH. (PR)
    | Oct. 24, 2012, 4:33 PM
  • Oct. 24, 2012, 12:10 AM

    Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA

    | Oct. 24, 2012, 12:10 AM
  • Oct. 23, 2012, 5:35 PM

    Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA

    | Oct. 23, 2012, 5:35 PM
  • Sep. 28, 2012, 4:14 PM

    Though Qualys' (QLYS +18.1%) IPO wasn't too impressive at first, the cloud security software firm closed the day with a hefty gain. Shares still carry a fairly moderate price/sales multiple as far as cloud names go - the fact Qualys is facing growing competition from larger security software vendors, such as Symantec and Intel's McAfee unit, could have something to do with that.

    | Sep. 28, 2012, 4:14 PM | 1 Comment
  • Sep. 24, 2012, 1:48 PM
    IBM has acquired Butterfly Software, a U.K.-based provider of data analysis and migration software, for an undisclosed sum. The purchase should help IBM better compete with EMC and Symantec, each of whom offer an extensive array of data migration/replication solutions. IBM's Tivoli storage software business posted double-digit Y/Y growth in Q2, even as storage hardware sales fell 4%.
    | Sep. 24, 2012, 1:48 PM
  • Aug. 27, 2012, 5:14 PM

    Some notable partnerships announced on the first day of VMware's (VMW) VMworld conference: 1) Cisco (CSCO), in spite of tensions with VMware, will be making "joint engineering investments" with the company, and will integrate its switches and servers with VMware's virtualization and management software. 2) Parent EMC's Avamar data protection software will be bundled with VMware's virtualization software - that's a potential negative for SYMC and CVLT. (other partnerships: I, II, III, IV) (earlier: I, II)

    | Aug. 27, 2012, 5:14 PM
  • Jul. 25, 2012, 5:50 PM
    RBC and MKM are upgrading Symantec (SYMC +13.6%) to Buy on account of the company's CEO switch, which accompanied its FQ1 report (I, II). "Symantec was in deep need of a change in leadership and strategy," writes MKM, which wasn't happy with poor organic growth in the midst of aggressive M&A activity (I, II). The firm thinks the future could hold fewer acquisitions, more stock buybacks, a dividend, asset sales, better cost controls, and perhaps even a sale of the company.
    | Jul. 25, 2012, 5:50 PM
  • Jul. 25, 2012, 9:43 AM

    More on Symantec's FQ1: The company expects FQ2 revenue of $1.635B-$1.665B and EPS of $0.35-$0.39, below a consensus of $1.69B and $0.40. FQ1 deferred revenue -4% Q/Q and +2% Y/Y to $3.745B. Consumer security software -1% (hurt by PC weakness), enterprise security +7%, server/storage management -2% (faces tough competition). $301M worth of shares repurchased. SYMC +14.3%, as shares benefit from a single-digit P/E and perhaps the company's CEO change. (PR)

    | Jul. 25, 2012, 9:43 AM
  • Jul. 25, 2012, 9:16 AM
    Premarket gainers: RVBD +26%. ACOM +16%. LL +14%. VHC +13%. INVN +13%. REGN +13%. ALTR +11%. SYMC +10%. DEXO +10%. SPPI +10%. TPX +9%. PSTI +8%. PNRA +8%. GALT +8%. JNPR +7%. ARMH +7%. ALXN +6%. BRCM +6%. STEM +5%.
    Losers: RSH -22%. NFLX -20%. TRIP -15%. IGT -12%. BWLD -11%. RFMD -10%. WLP -10%. USG -6%. WFT -6%.
    | Jul. 25, 2012, 9:16 AM
  • Jul. 25, 2012, 8:00 AM

    More on Symantec (SYMC +6.6%) FQ1: CEO Enrique Salem resigns effective immediately and is replaced by Chairman Steve Bennett. "While progress has been made over the last three years in many areas, it was the board's judgment that it was in the best interests of Symantec to make a change in the CEO," Bennett says.

    | Jul. 25, 2012, 8:00 AM
  • Jul. 25, 2012, 7:58 AM
    Symantec (SYMC): FQ1 EPS of $0.43 beats by $0.05. Revenue of $1.67B (+0.9% Y/Y) beats by $20M. Shares +6.7% premarket. (PR)
    | Jul. 25, 2012, 7:58 AM
Company Description
Symantec Corp provides security, backup and availability solutions. Its products and services protect people and information in any environment, from the smallest mobile device, to the enterprise data center, to cloud-based systems.