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Symantec Corp (SYMC.OQ)

SYMC.OQ on NASDAQ Stock Exchange Global Select Market

30.47USD
24 Mar 2017
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$-0.23 (-0.75%)
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Latest Key Developments (Source: Significant Developments)

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

Symantec to acquire Lifelock for $2.3 billion
Sunday, 20 Nov 2016 09:46pm EST 

Symantec Corp : Entered into a definitive agreement for Symantec to acquire lifelock for $24 per share or $2.3 billion in enterprise value . Expects to achieve additional revenue upside through higher asps and improved retention rates . Transaction is also not expected to have a material impact to symantec's fiscal year 2017 financial results . Expects transaction to be accretive to non-gaap earnings per share in fiscal year 2019 . Citi and J.P. Morgan Securities LLC are serving as co-lead financial advisors to symantec's board of directors . Company reaffirms fiscal year 2018 non-gaap eps guidance . Expects to finance transaction with cash on balance sheet and $750 million of new debt . Also reaffirming its prior fiscal year 2018 non-gaap earnings per share guidance of $1.70-$1.80 . Deal was approved by boards of directors of both companies . Bank of America, Barclays, Citi, J.P. Morgan, Merrill Lynch and Wells Fargo are acting as financial advisors and providing debt financing to symantec .Symantec to acquire lifelock for $2.3 billion to form world's largest digital safety platform for consumers and families.  Full Article

Symantec announces CFO transition
Thursday, 3 Nov 2016 04:07pm EDT 

Symantec Corp : Says Nick Noviello appointed CFO . Symantec announces CFO transition . Says Nick Noviello appointed CFO . Symantec Corp - Thomas Seifert, exec-VP and Chief Financial Officer, has informed board of directors of his plans to step down as CFO .Symantec announces CFO transition.  Full Article

Symantec- Q2 loss per share $0.23
Thursday, 3 Nov 2016 04:05pm EDT 

Symantec Corp : Symantec- Q2 loss per share $0.23 . Reaffirms FY2018 eps guidance . Q2 non GAAP earnings per share $0.30 . Q2 earnings per share view $0.20, revenue view $978.9 million -- Thomson Reuters I/B/E/S . Symantec Corp - Q2 revenue $979 million versus $906 million .Q2 earnings per share view $0.20, revenue view $978.9 million -- Thomson Reuters I/B/E/S.  Full Article

Symantec files for stock shelf size undisclosed - SEC filing
Tuesday, 11 Oct 2016 05:36pm EDT 

Symantec Corp :Symantec Corp files for stock shelf; size undisclosed - SEC filing.  Full Article

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BRIEF-Symantec Corp entered into accelerated stock repurchase agreements

* Symantec Corp - on March 10, entered into accelerated stock repurchase agreements with financial institutions to repurchase $500 million of co's common stock