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Symantec Corp (SYMC.OQ)

SYMC.OQ on NASDAQ Stock Exchange Global Select Market

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22 May 2017
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Latest Key Developments (Source: Significant Developments)

Symantec says it blocked nearly 22 mln WannaCry infection attempts across 300,000 endpoints
Tuesday, 16 May 2017 12:49am EDT 

May 16 (Reuters) - Symantec Corp -:Blocks 22 million attempted wannacry ransomware attacks globally.Blocked nearly 22 million wannacry infection attempts across 300,000 endpoints.  Full Article

Tiger Global Management cuts share stake in Alibaba, doubles share stake in Comcast
Monday, 15 May 2017 02:42pm EDT 

May 15 (Reuters) - Tiger Global Management LLC::Cuts share stake in Alibaba to 4.75 million ADRs from 5.3 million ADRs - SEC filing.Dissolves share stake in Symantec Corp.Doubles share stake in Comcast Corp to 5.2 million class A shares.Change in holdings are as of March 31, 2017 and compared with previous quarter ended as of Dec. 31, 2016.  Full Article

Symantec reports quarterly loss per share $0.23
Wednesday, 10 May 2017 04:06pm EDT 

May 10 (Reuters) - Symantec Corp ::Symantec reports fourth quarter and fiscal year 2017 results.Q4 revenue $1.115 billion versus I/B/E/S view $1.18 billion.Raises prior FY2018 EPS guidance.Debt repayment plan ahead of schedule; on track to complete existing $500 million accelerated share repurchase in Q1 fiscal year 2018.Realized over $300 million of run rate cost efficiencies and integration synergies exiting fiscal 2017.Quarterly loss per share $0.23.Quarterly non-GAAP earnings per share $0.28.Q4 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Quarterly non-GAAP revenue $1,176 million versus $873 million.Sees FY 2018 GAAP revenue of $4,977 million to $5,077 million.Sees FY 2018 GAAP EPS of $0.03 to $0.13.Sees FY 2018 non-GAAP EPS of $1.75 to $1.85.Sees FY 2018 non-GAAP revenue of $5,100 million to $5,200 million.Sees Q1 2018 GAAP revenue of $1,133 million to $1,163 million.Sees Q1 2018 GAAP loss per share of $0.25 to $0.21.Sees Q1 2018 non GAAP revenue of $1,185 million to $1,215 million.Sees Q1 2018 non-GAAP EPS of $0.28 to $0.32.FY2018 earnings per share view $1.76, revenue view $5.26 billion -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.38, revenue view $1.27 billion -- Thomson Reuters I/B/E/S.  Full Article

Symantec files second patent infringement lawsuit against Zscaler
Tuesday, 18 Apr 2017 04:30pm EDT 

April 18 (Reuters) - Symantec Corp ::Symantec Corp - has filed a second patent infringement lawsuit against Zscaler, Inc. In U.S. Federal district court for district of delaware.Symantec Corp - Symantec noted that it is continuing to investigate matter and will file further claims if additional infringements are identified.  Full Article

Symantec Corp entered into accelerated stock repurchase agreements
Monday, 13 Mar 2017 06:33am EDT 

Symantec Corp : Symantec Corp - on March 10, entered into accelerated stock repurchase agreements with financial institutions to repurchase $500 million of co's common stock . Symantec Corp - Symantec will pay to counterparties a total of $500 million on march 15, 2017 . Symantec Corp - final settlement of transactions under agreements is scheduled to occur by June 2017 - SEC filing .Symantec - expects to receive from counterparties on same day initial delivery of a total of approximately 14.2 million shares of company's common stock.  Full Article

Symantec announces the formation of Symantec Ventures
Thursday, 2 Mar 2017 08:45am EST 

Symantec Corp : Symantec announces the formation of Symantec Ventures .Symantec Corp says formation of Symantec Ventures to help cyber security startups accelerate delivery of core innovation to security marketplace.  Full Article

Capital World Investors reports a 9.4 pct passive stake in Symantec Corp
Friday, 10 Feb 2017 06:44am EST 

Symantec Corp :Capital world investors reports a 9.4 percent passive stake in symantec corp as of dec 30, 2016 -sec filing.  Full Article

Symantec to offer $1.0 bln in senior unsecured notes
Wednesday, 1 Feb 2017 04:06pm EST 

Symantec Corp : Symantec to offer $1.0 billion in senior unsecured notes . Symantec Corp - to offer $1.0 billion aggregate principal amount of senior unsecured notes due 2025 . Symantec - intends to use net proceeds , after deducting offering expenses, to fund about $2.3 billion aggregate purchase price of lifelock deal .Symantec Corp- to use proceeds to finance approximately $2.3 billion aggregate purchase price of its proposed acquisition of lifelock, inc.  Full Article

Symantec reports Q3 fiscal year 2017 results
Wednesday, 1 Feb 2017 04:05pm EST 

Symantec Corp : Symantec Corp - Increasing financial outlook for fiscal year 2017 . Symantec reports third quarter fiscal year 2017 results . Symantec Corp - Sees Q4 GAAP revenue $1,039 - $1,059 million . Symantec Corp - Sees Q4 non-GAAP revenue $1,070 - $1,090 million . Symantec Corp - Sees Q4 non-GAAP earnings per share $0.27 - $0.29 . Symantec Corp - Qtrly non-GAAP revenue $1,088 million versus $909 million . Qtrly GAAP earnings per share $0.07 . Qtrly non-GAAP earnings per share $$0.32 . Q3 earnings per share view $0.28, revenue view $1.08 billion -- Thomson Reuters I/B/E/S . Q4 earnings per share view $0.29, revenue view $1.10 billion -- Thomson Reuters I/B/E/S .Symantec Corp sees Q4 GAAP loss per share of $0.02 - $0.00.  Full Article

Lifelock- will pay symantec termination fee of $87.5 mln if merger fails
Monday, 21 Nov 2016 06:10am EST 

Lifelock Inc : Lifelock-Will be required to pay Symantec termination fee of $87.5 million if the merger agreement is terminated under certain circumstances-SEC filing . Lifelock-Symantec entered support agreement with Hilary Schneider, Todd Davis, bessemer venture partners and David Cowan .Lifelock-Support agreement provides that parties will generally vote their shares of common stock in favor of adoption of the merger agreement.  Full Article

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Symantec says 'highly likely' North Korea group behind ransomware attacks

SAN FRANCISCO Cyber security firm Symantec Corp said on Monday it was "highly likely" a hacking group affiliated with North Korea was behind the WannaCry cyber attack this month that infected more than 300,000 computers worldwide and disrupted hospitals, banks and schools across the globe.