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Earnings Preview: SymantecTheflyonthewall • Wed, May 2, 2012 -
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Earnings Preview: SymantecTheflyonthewall • Wed, Jan 25, 2012
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Symantec Gets The Better End Of A 'Win-Win' DealThe 451 Group: Inorganic Growth • Wed, Nov 16, 2011 -
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Earnings Preview: SymantecTheflyonthewall • Wed, Oct 26, 2011
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Symantec's Post-Earnings Performance Offers Better Pattern For ShortsMidnight Trader • Wed, Oct 26, 2011
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Earnings Preview: SymantecTheflyonthewall • Wed, Jul 27, 2011
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Earnings Preview: SymantecTheflyonthewall • Wed, May 11, 2011
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Don't Fear Cyber Crime: Profit From ItGeorge Schneider • Thu, Mar 14 -
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VIX - Options Volatility Sonar: Monday RecapErick McKitterick • Mon, Dec 3, 2012
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Tuesday Options Brief: RAH, SYMC & ORCLInteractive Brokers • Tue, Nov 27, 2012
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Symantec Management Discusses Q2 2013 Results - Earnings Call TranscriptWed, Oct 24, 2012
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Symantec Management Discusses Q1 2013 Results - Earnings Call TranscriptWed, Jul 25, 2012
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Symantec's CEO Discusses Q4 2012 Results - Earnings Call TranscriptWed, May 2, 2012
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Symantec's CEO Discusses Q3 2012 Results - Earnings Call TranscriptWed, Jan 25, 2012
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Symantec's CEO Discusses Q2 2012 Results - Earnings Call TranscriptWed, Oct 26, 2011
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Symantec Corporation - Shareholder/Analyst CallTue, Oct 25, 2011
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Symantec's CEO Discusses Q1 2012 Results - Earnings Call TranscriptWed, Jul 27, 2011
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Symantec's CEO Discusses Q4 2011 Results - Earnings Call TranscriptWed, May 11, 2011
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Symantec's CEO Discusses Q3 2011 Results - Earnings Call TranscriptWed, Jan 26, 2011
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Symantec CEO Discusses F2Q2011 Results - Earnings Call TranscriptWed, Oct 27, 2010
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Symantec F1Q11 (Qtr End 07/02/2010) Earnings Call TranscriptThu, Jul 29, 2010
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Symantec Q4 2010 Earnings Call TranscriptThu, May 6, 2010
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Symantec Corp. Q310 (Qtr End 12/31/09) Earnings Call TranscriptWed, Jan 27, 2010
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Symantec Corp. F2Q10 (Qtr End 10/02/09) Earnings Call TranscriptWed, Oct 28, 2009
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Symantec Corp. F1Q10 (Qtr End 07/03/09) Earnings Call TranscriptWed, Jul 29, 2009
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Symantec Corp. Q4 2009 (Qtr End 04/03/09) Earnings Call TranscriptWed, May 6, 2009
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Symantec Corp. F3Q09 (Qtr End 1/2/09) Earnings Call TranscriptThu, Jan 29, 2009
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Marketwire (Jun 5, 2013)
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at CNBC.com (May 31, 2013)
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at CNBC.com (May 15, 2013)
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at Fox Business (May 9, 2013)
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at MarketWatch.com (May 8, 2013)
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at CNBC.com (May 8, 2013)
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at MarketWatch.com (May 7, 2013)
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at CNBC.com (May 7, 2013)
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at MarketWatch.com (May 7, 2013)
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at CNBC.com (May 7, 2013)
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Marketwire (May 7, 2013)
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at MarketWatch.com (May 7, 2013)
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at Fox Business (May 1, 2013)
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at MarketWatch.com (Apr 30, 2013)
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at MarketWatch.com (Apr 30, 2013)
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at CNBC.com (Apr 30, 2013)
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at CNBC.com (Apr 30, 2013)
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at Fox Business (Apr 30, 2013)
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at CNBC.com (Apr 25, 2013)
SYMC vs. ETF Alternatives
Company Description
Symantec is a global leader of security, storage and systems management solutions to help businesses and consumers secure and manage their information. We conduct our business in three geographic regions: Americas, which includes United States, Canada, and Latin America; EMEA, which includes... More
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- | Earnings
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- | On the move
- Thursday, June 13, 12:26 PM Symantec (SYMC +0.4%) is set to cut up to 1.7K jobs (~8% of its workforce) as soon as today, AllThingsD reports; Bloomberg reported in January Symantec plans to cut at least 1K jobs in its restructuring, which is part of new CEO Steve Bennett's efforts to eliminate redundant products and focus on integrated software solutions. Symantec stated in its FY13 10-K it expects to record restructuring charges of $200M-$250M in FY14 (ends March '14). Comment! [Tech]
- Monday, June 10, 7:16 PM Storage hardware sales are holding up only a little better than server sales: IDC estimates sales of standalone arrays fell 0.9% Y/Y in Q1, a reversal from growth of 2.3% and 4.7% in Q4 and 2012. Total storage sales (inc. server-attached gear) fell 3.2% after rising 0.7% in Q4. In the standalone market, IDC thinks #1 EMC had a 30.4% share (+140 bps Y/Y), #2 NetApp (NTAP) 14.9% (+80 bps), #3 IBM 10.9% (-50 bps thanks to a rough quarter), and #4 H-P (HPQ) 9.3% (-100 bps and also not faring well). Also: IDC thinks storage software sales rose 3.2% Y/Y in Q1. #1 EMC's share is pegged at 23.9%, #2 IBM's at 16.8%, and #3 Symantec's (SYMC) at 14.7%. CommVault (CVLT) and Veeam gained more share, growing 23% and 35% Y/Y. 5 Comments [Tech]
- Tuesday, May 28, 2:22 PM With new CEO Steve Bennett set on narrowing Symantec's (SYMC) product line and eliminating redundant offerings, Symantec has quietly shuttered its PC Tools low-end consumer security software line. PC Tools, acquired in '08, was pitched as a no-frills alternative to Symantec's Norton brand. Comment! [Tech]
- Saturday, May 11, 2:22 PM EMC showed off plenty of new software at its EMC World conference, but was light on hardware news. In addition to its ViPR storage management platform, EMC unveiled: 1) An OS update for its Isilon scale-out NAS systems (competes with NTAP) that adds support for data deduplication and the Hadoop big data framework. 2) A Data Protection Suite (competes with SYMC and CVLT) that ties together existing backup/archive software, while allowing for more flexible licensing. 3) The addition of hybrid cloud support for its Syncplicity cloud file-syncing platform. EMC wants to make clear it won't get left behind as a growing amount of storage industry value shifts to software, with much of it residing on servers rather than storage arrays. 1 Comment [Tech]
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Wednesday, May 8, 9:17 AM
Premarket gainers: ALXA +51%. PSE +19%. LEDR +16%. NBG +11%. WFM +8%. EA +6%. PRTS +6%. SFUN +6%. CTSH +5%.
Losers: FIO -22%. VCLK -19%. OCLR -19%. AXLL -9%. CIE -7%. CHRW -7%. SODA -6%. DDD -6%. SYMC -5%. Z -5%. VVUS -5%. Comment! [On the Move] - Tuesday, May 7, 6:38 PM Symantec (SYMC) -6.2% AH after guiding on its FQ4 call for FQ1 revenue of $1.61B-$1.65B and EPS of $0.35-$0.36, below a consensus of $1.7B and $0.44. Symantec is also forecasting FY14 EPS growth of 5%-7%, below a consensus of 8.5%. Are share losses to upstarts such as CommVault (CVLT) and Veeam taking a toll? Today, CommVault posted an FQ4 beat on the back of 21% Y/Y rev. growth, and stated on its earnings call it's comfortable with the Street's revenue forecasts (consensus is for 15% growth). Of course, CommVault also said it's worried about an "apparent near-term slowdown in tech spending" (many peers would concur). Comment! [Tech, Earnings, On the Move]
- Tuesday, May 7, 4:12 PM Symantec (SYMC): FQ4 EPS of $0.44 beats by $0.06. Revenue of $1.748B (+4% Y/Y) beats by $18M. $125M worth of shares repurchased. Company initiates $0.15/share quarterly dividend (2.5% yield). Shares -0.1% AH. (PR) Comment! [Tech, Earnings, Breaking News, Dividends]
- Tuesday, May 7, 12:10 AM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GA, GPOR, HTA, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
- Monday, May 6, 5:35 PM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GTEK, GA, GPOR, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
- Saturday, May 4, 3:52 PM Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK) 39 Comments [Consumer, Quick Ideas]
- Friday, March 15, 7:05 PM Morgan Stanley selects 20 stocks for the long term, based on "competitive advantages, business model, pricing power, cost efficiency and growth": AMZN, AMT, BLK, CPN, CP, CVX, COST, EL, GILD, HON, JPM, LTD, MON, NWSA, PM, RPM, SBUX, SYMC, TMO, WMB. 13 Comments [Quick Ideas]
- Friday, February 1, 6:34 PM "We've had to reprogram the brains of our employees because they thought about our company as 150 different point solutions," says Symantec's (SYMC) Steve Bennett in an IBD interview, suggesting his top priorities since becoming CEO in July have included eliminating redundant offerings and developing integrated solutions that "solve a higher-level problem." Bennett, whose firm recently announced a big restructuring (I, II), names Symantec's Storage & Availability Management platform (SAMG) as an example of such a solution. Comment! [Tech]
- Thursday, January 24, 3:24 AM Symantec (SYMC) will reportedly cut back on its middle management as it lowers its headcount by at least 1,000 as part of its restructuring, which the software-security company announced yesterday but without providing a figure for the staff cuts. Despite the prospective job losses, Symantec plans to recruit R&D workers. Comment! [Tech, Consumer]
- Wednesday, January 23, 4:17 PM Symantec (SYMC) +1.6% AH after: 1) Initiating a dividend with a 2.5% yield. 2) Authorizing a new $1B stock buyback program and promising to return ~50% of free cash flow to shareholders. 3) Promising 5%+ organic growth over the next 2-3 years, but guiding for growth of just 0%-2% for FY14. 4) Announcing a restructuring that involves creating an Office of the CEO, ramping R&D spending, conducting layoffs, and focusing on "10 key areas" that include mobile and cloud solutions. CC at 4:30PM ET (webcast). (FQ3: I, II) Comment! [Tech]
- Wednesday, January 23, 9:34 AM More on Symantec: The company is splitting the chairman and CEO roles. Board member/AmEx Enterprise Growth chief has been named chairman; Steve Bennett will remain CEO. Deferred revenue +4% Y/Y to $3.81B. Consumer revenue (security software/services) +1% Y/Y (was -1% in FQ2), enterprise security +4% (+6% prior), storage/server management +8% (-2% prior, a solid turnaround). $200M in shares repurchased, boosting EPS. SYMC +4.2%. CC at 4:30PM ET (webcast), guidance should be provided. (PR) Comment! [Tech, Earnings]
- Wednesday, January 23, 8:17 AM Symantec (SYMC): FQ3 EPS of $0.45 beats by $0.07. Revenue of $1.79B (+4% Y/Y) beats by $50M. Shares +5.5% premarket. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]
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Nathaniel Matherson
New Article "Finding Strength in Security" http://stks.co/rFy2 $FIRE $SYMC $VRSN - View all 0 replies
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StockConsultant
$SYMC breakout watch above 24.95 and long two month price consolidation area, charts, analysis http://goo.gl/R1CYT - View all 0 replies
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Jim Van Meerten
$SYMC - 96% Barchart technical buy signals - 11 new highs and up 9.26% in the last month - Relative Strength Index 76.27% - View all 0 replies
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The Wall Street Transcript
Secular Growth Lifts Data Hosting and Security Equities; Analyst Discusses $SYMC, $EQIX, $INXN, $AMZN, $VZ, $CSCO - http://su.pr/69rpDc - View all 0 replies
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LATEST REPLIES
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Jim Van Meerten
SYMC - 100% Barchart technical buy signal - 3 new highs and up 9.66% in the last month - Relative Strength Index 78.00% - View all 2 replies
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