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Symantec Corp (SYMC.O)

SYMC.O on Nasdaq

32.06USD
16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

T. Rowe Price Associates reports a 11.3 pct passive stake in Symantec
Tuesday, 10 Oct 2017 11:39am EDT 

Oct 10 (Reuters) - T. Rowe Price Associates Inc: :Reports a 11.3 pct passive stake in Symantec Corp as of September 30 - SEC filing ‍​.  Full Article

Bharti Airtel, Symantec partner to offer cyber security solutions to businesses in India
Monday, 28 Aug 2017 03:35am EDT 

Aug 28 (Reuters) - Bharti Airtel Ltd ::Says Airtel and Symantec enter strategic partnership to offer cyber security solutions to businesses in India.Under agreement, Airtel will be exclusive cyber security services partner for Symantec in India.  Full Article

Symantec CEO Gregory Clark's total compensation for 2017 was $6.1 mln
Wednesday, 16 Aug 2017 04:42pm EDT 

Aug 16 (Reuters) - Symantec Corp ::Symantec Corp - CEO Gregory Clark's total compensation for 2017 was $6.1 million - SEC filing‍​.Symantec Corp - former chief executive officer Michael Brown's total compensation for 2017 was about $13 million.  Full Article

Symantec says ‍Digicert Entities to pay $110 mln on termination of the deal
Friday, 4 Aug 2017 04:30pm EDT 

Aug 4 (Reuters) - Symantec Corp -:Symantec Corp says ‍if deal is terminated, Digicert Entities will collectively be required to pay co $110 million as termination fee - SEC filing.  Full Article

Symantec says recent ransomware attacks drove improved activity across Norton portfolio
Wednesday, 2 Aug 2017 05:00pm EDT 

Aug 2 (Reuters) - Symantec Corp : :Symantec Corp says "From a demand perspective, we believe recent ransomware attacks drove improved activity across our Norton portfolio" - Conf call.Symantec- When we report Q2 earnings in Nov, expect website security will be reported as part of discontinued operations - Conf call.Symantec- Expect combined impact of transaction with DigiCert on FY basis to fiscal 2018 operating income would be reduction of about $235 million - Conf call.Symantec says excluding Website Security for rest of FY, expect EPS to be about $0.20 lower in fiscal 2018 relative to original guidance- Conf call.Symantec says for fiscal 2019 and fiscal 2020, continue to expect total organic revenue growth to be mid- to high single digits - Conf call.Symantec- Post divestiture (of Website Security business), expect to get to high single digit total organic revenue growth faster than expected.Symantec says updated fiscal year 2018 guidance to reflect the favorable foreign currency benefit - Conf call.  Full Article

Symantec qtrly ‍ GAAP loss per share $0.22​
Wednesday, 2 Aug 2017 04:06pm EDT 

Aug 2 (Reuters) - Symantec Corp :Symantec reports first quarter fiscal year 2018 results.Q1 revenue $1.175 billion versus I/B/E/S view $1.2 billion.Symantec Corp qtrly ‍ non-GAAP revenue $1.228 billion, up 39% year over year​.Symantec Corp sees FY 2018 GAAP revenue ‍$5,037 million - $5,137 million​.Symantec Corp sees FY 2018 GAAP earnings per share ‍$0.01 - $0.11​.Sees ‍Q2 GAAP revenue between $1,225 million - $1,255 million​.Symantec Corp sees ‍ FY18 non-GAAP revenue $5,160 million - $5,260 million​.Symantec Corp sees ‍ fy18 non-GAAP EPS (diluted) $1.79 - $1.89​.Sees ‍Q2 GAAP loss per share between $0.15 to $0.11​.Sees ‍Q2 non-GAAP revenue between $1,260 million - $1,290 million​.Symantec Corp qtrly ‍ GAAP loss per share $0.22​.Symantec Corp qtrly ‍ non-GAAP earnings per share $0.33​.Sees ‍Q2 non-GAAP EPS between $0.40 - $0.44​.Q1 earnings per share view $0.31, revenue view $1.20 billion -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $1.79, revenue view $5.15 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.43, revenue view $1.27 billion -- Thomson Reuters I/B/E/S.  Full Article

Digicert to acquire Symantec's website security, related PKI solutions
Wednesday, 2 Aug 2017 04:05pm EDT 

Aug 2 (Reuters) - Symantec Corp :Digicert to acquire Symantec's website security and related PKI solutions.Symantec Corp says under terms of agreement, Symantec will receive approximately $950 million in upfront cash proceeds.Symantec Corp - ‍transaction, which has been unanimously approved by Symantec board of directors, is expected to be completed in Q3 of fiscal 2018​.Symantec Corp- ‍Symantec will receive approximately a 30 percent stake in common stock equity of Digicert business at closing of transaction​.Symantec Corp says transaction has been unanimously approved by Symantec board of directors.  Full Article

Symantec to acquire Fireglass to bring a generational leap forward in user protection
Thursday, 6 Jul 2017 08:30am EDT 

July 6 (Reuters) - Symantec Corp ::Symantec to acquire Fireglass to bring a generational leap forward in user protection.Says ‍entered into an agreement to acquire Israel-based Fireglass​.Symantec Corp - financial terms of transaction were not disclosed..Symantec Corp - ‍symantec expects Fireglass' technology to be available to its customers and partners soon after transaction closes​.  Full Article

Panasonic partners with Symantec to offer security services for "Internet Of Things"-Nikkei
Wednesday, 5 Jul 2017 03:54pm EDT 

July 6 (Reuters) - Nikkei::Panasonic will join with businesses inside and outside japan,including Symantec to offer security services for the "internet of things" .  Full Article

Symantec Corp says reaffirmed its financial guidance for Q1 and FY2018
Thursday, 8 Jun 2017 08:03am EDT 

June 8 (Reuters) - Symantec Corp :Symantec corp says reaffirmed its financial guidance for q1 and full fiscal year 2018.Symantec corp says expects cash flows from continuing operations in range of $1.0 billion to $1.2 billion for fiscal 2018.Symantec -expects capital expenditures of about $250 million and cash expenses of about $500 million for fiscal 2018.Fy2018 earnings per share view $1.78, revenue view $5.15 billion -- Thomson Reuters I/B/E/S.  Full Article

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Exclusive: Symantec CEO says source code reviews pose unacceptable risk

WASHINGTON U.S.-based cyber firm Symantec is no longer allowing governments to review the source code of its software because of fears the agreements would compromise the security of its products, Symantec Chief Executive Greg Clark said in an interview with Reuters. | Video