Seeking Alpha

Symantec Corporation (SYMC)

  • Mar. 27, 2012, 5:24 AM
    In the next two weeks, Symantec (SYMC) is expected to complete the dissolution of its JV with Huawei Technologies. Sources say Symantec was concerned its JV with the Chinese company would prevent it from gaining access to classified U.S. government information on cyberthreats.
    | Comment!
  • Mar. 20, 2012, 10:23 AM
    Symantec (SYMC) is acquiring Nukona, a developer of software for managing data and apps on company-issued mobile devices, for an undisclosed sum. The deal comes 3 weeks after Symantec acquired Odyssey Software, a developer of mobile device management software. The acquisitions are proof of how software firms are addressing IT department complaints about iOS and (especially) Android, and thus presenting an additional threat to RIMM's enterprise base.
    | Comment!
  • Mar. 9, 2012, 12:45 PM
    Shares of Symanetc (SYMC +0.1%) are on the radar of traders after reports tip off that the firm's Norton antivirus source code has been leaked on the Internet. A somewhat pared down Anonymous is reported to be behind the hack.
    | Comment!
  • Feb. 24, 2012, 11:38 AM
    Dell (DELL) has acquired AppAssure, a fast-growing (194% growth in 2011) developer of software for backing up applications running on servers. The acquisition puts Dell into more direct competition with Symantec (SYMC) and CommVault (CVLT), and comes 3 weeks after the company hired former CA head John Swainson to run its software business. (also)
    | Comment!
  • Feb. 7, 2012, 2:49 PM
    Symantec (SYMC +0.5%) is lined up by DealReporter as a possible target of P-E firms. Shares moved into positive territory after the report broke after languishing in early trading.
    | 1 Comment
  • Feb. 7, 2012, 8:56 AM
    As part of a sting operation, Symantec (SYMC) tells a hacker group that it will pay it a $50K ransom to keep the source code for some of the firm's security products from being posted on the Internet. After playing a bit of cat-and-mouse, the "talks" broke down and a 1.2GB file that's allegedly software code for one of the firm's products has been posted online.
  • Feb. 2, 2012, 10:08 AM
    AVG Technologies' (AVG) IPO is looking like a disaster - after pricing its IPO at $16/share last night, shares are currently trading at $13.59, down 15%. The security software maker posted healthy growth in 2011, but faces tough competition from Symantec (SYMC) and Intel's (INTC) McAfee unit. (S-1 filing)
    | Comment!
  • Jan. 26, 2012, 6:29 PM
    Symantec (SYMC) and Intel's (INTC) McAfee unit engage in a war of words after Symantec CFO James Beer tells Reuters his company took share in the corporate antivirus software market. McAfee asserts it saw record bookings in Q4, and closed a record number of $1M+ deals. With Symantec's Q4 report revealing enterprise security to be a pocket of strength, it's easy to see why the company wants to draw attention to it.
    | Comment!
  • Jan. 26, 2012, 1:17 PM
    Symantec (SYMC -0.6%) issues a security report (.pdf) that includes a recommendation that users of at least 3 of its products are at risk of a hacking attack until a patch is finalized.
    | Comment!
  • Jan. 25, 2012, 4:30 PM
    More on Symantec's FQ3: Growth was driven by a 17% Y/Y increase in enterprise security software sales, but held back by a 13% drop in services revenue, thanks to an ongoing business model shift. Symantec is authorizing a new $1B stock buyback, increasing its total authorization to $1.2B. Deferred revenue rose 8% Y/Y and 6% Q/Q to $3.67B. However, operating cash flow fell 12% Y/Y, to $403M. SYMC +0.5% AH. (PR)
    | Comment!
  • Jan. 25, 2012, 4:18 PM
    Symantec (SYMC): FQ3 EPS of $0.42 beats by $0.01. Revenue of $1.715B (+7% Y/Y) beats by $5M. Company expects FQ4 revenue of $1.72B-$1.73B vs. $1.75B consensus. Expects EPS of $0.41-$0.42 vs. $0.43 consensus. SYMC +0.5% AH. (PR)
    | Comment!
  • Jan. 25, 2012, 12:10 AM
    Notable earnings after Wednesday's close: AMLN, CCI, CTXS, DRE, ETFC, JEC, LRCX, LSI, MUR, NE, NFLX, OI, PMTC, SNDK, SUSQ, SWK, SYMC, TER, URI, ZNGA
    | Comment!
  • Jan. 24, 2012, 5:35 PM
    Notable earnings after Wednesday's close: AMLN, CCI, CTXS, DRE, ETFC, JEC, LRCX, LSI, MUR, NE, NFLX, OI, PMTC, SNDK, SUSQ, SWK, SYMC, TER, URI, ZNGA
    | Comment!
  • Jan. 16, 2012, 5:24 PM
    Symantec (SYMC) is acquiring LiveOffice, a provider of cloud-based data archiving services for enterprises, for $115M. As Forrester's Brian Hill notes, LiveOffice's solutions complement Symantec's locally-installed Enterprise Vault archiving software, as well as the eDiscovery software it obtained through its 2011 acquisition of Clearwell Systems.
    | Comment!
  • Jan. 13, 2012, 11:20 AM
    AVG Technologies, a Dutch developer of PC and server security software, is filing for a $125M IPO under the ticker AVG. The company, which competes with Symantec (SYMC) and Intel's (INTC) McAfee division, generated revenue of $198.1M (+24% Y/Y) in the first 9 months of 2011. It also posted net income of $66.8M, though this figure was boosted by a $52.2M income tax benefit. (S-1 filing)
    | 1 Comment
  • Jan. 11, 2012, 9:29 AM
    Symantec (SYMC) is the target of a lawsuit alleging it uses scare tactics to get trial users of its PC security and maintenance software (who often get the software pre-installed) into upgrading to paid versions. Symantec's security software business has been struggling with slow industry growth, and rising competition from free solutions such as Microsoft's (MSFT) Security Essentials. (previously)
Visit Seeking Alpha's
SYMC vs. ETF Alternatives
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.