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Symantec Corp (SYMC.OQ)

SYMC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Symantec And Starboard Announce Board Refreshment Plan And Director Appointments
Monday, 17 Sep 2018 04:10pm EDT 

Sept 17 (Reuters) - Symantec Corp ::SYMANTEC AND STARBOARD ANNOUNCE BOARD REFRESHMENT PLAN AND DIRECTOR APPOINTMENTS.SYMANTEC CORP - APPOINTMENT OF NEW INDEPENDENT DIRECTORS TO COMPANY'S BOARD.SYMANTEC CORP - BOARD OF DIRECTORS HAS ENACTED A REFRESHMENT PLAN.SYMANTEC CORP - PETER A. FELD, MANAGING MEMBER OF STARBOARD VALUE, WHO WILL JOIN BOARD EFFECTIVE IMMEDIATELY.SYMANTEC CORP - DALE L. FULLER, WILL JOIN BOARD EFFECTIVE IMMEDIATELY.SYMANTEC - CO, STARBOARD VALUE COLLABORATED ON DIRECTOR APPOINTMENTS.SYMANTEC CORP - RICHARD S. HILL WILL JOIN BOARD FOLLOWING 2018 ANNUAL MEETING OF STOCKHOLDERS.SYMANTEC - STARBOARD VALUE LP'S AFFILIATED FUNDS OWN ABOUT 5.8 PCT OF CO'S COMMON STOCK.SYMANTEC - GERALDINE LAYBOURNE HAS DETERMINED NOT TO STAND FOR RE-ELECTION TO BOARD..SYMANTEC - BOARD WILL IDENTIFY ADDITIONAL INDEPENDENT BOARD MEMBER, MUTUALLY AGREEABLE TO CO & STARBOARD, TO BE ADDED FOLLOWING 2018 ANNUAL MEETING.SYMANTEC - WITH ADDITION OF INDEPENDENT DIRECTORS, PLANNED RETIREMENT OF MILLER, LAYBOURNE BOARD TO HAVE 13 MEMBERS.SYMANTEC - IN CONNECTION WITH ANNOUNCEMENT, STARBOARD WILL WITHDRAW ITS SLATE OF DIRECTOR NOMINEES.SYMANTEC - ROBERT MILLER IS NOT STANDING FOR RE-ELECTION AT 2018 ANNUAL MEETING.SYMANTEC - IN CONNECTION WITH ANNOUNCEMENT, STARBOARD WILL VOTE ALL OF ITS SHARES IN FAVOR OF EACH OF CO'S BOARD NOMINEES.SYMANTEC - IN CONNECTION WITH ANNOUNCEMENT, STARBOARD WILL ABIDE BY CUSTOMARY STANDSTILL PROVISIONS AND VOTING COMMITMENTS.  Full Article

Starboard Value Lp Reports A 5.8 Pct Stake In Symantec As Of Aug. 6
Thursday, 16 Aug 2018 07:28am EDT 

Aug 16 (Reuters) - Symantec Corp ::STARBOARD VALUE LP REPORTS A 5.8 PCT STAKE IN SYMANTEC AS OF AUG. 6 - SEC FILING.STARBOARD VALUE LP SAYS BELIEVES SYMANTEC'S SHARES, WHEN PURCHASED, WERE "UNDERVALUED" & REPRESENTED "ATTRACTIVE INVESTMENT OPPORTUNITY ".STARBOARD - ON JULY 5, STARBOARD V&O FUND DELIVERED LETTER TO SYMANTEC NOMINATING A SLATE OF FIVE DIRECTOR CANDIDATES.STARBOARD VALUE LP SAYS HOPES TO CONTINUE TO ENGAGE WITH SYMANTEC REGARDING OPPORTUNITIES THAT INCLUDE CHANGES TO COMPOSITION OF BOARD.STARBOARD VALUE SAYS NOMINATED SLATE OF DIRECTOR CANDIDATES TO SYMANTEC'S BOARD ARE NORA DENZEL, PETER FELD, DALE FULLER, RICHARD HILL, MICHAEL STRACHAN.  Full Article

Symantec Corp To Host Investor Briefing Call
Monday, 14 May 2018 08:00am EDT 

May 14 (Reuters) - Symantec Corp ::SYMANTEC CORP - WILL HOST CONFERENCE CALL ON MAY 14 AT 4:30 P.M. ET.SYMANTEC CORP - WILL HOST CONF CALL TO PROVIDE MORE DATA ON INTERNAL INVESTIGATION BY AUDIT COMMITTEE OF CO'S BOARD.  Full Article

Finjan Holdings Says Under Settlement With Symantec, Symantec Parties To Obtain License To Co's Patents
Thursday, 1 Mar 2018 03:56pm EST 

March 1 (Reuters) - Finjan Holdings Inc ::FINJAN HOLDINGS - UNDER SETTLEMENT WITH SYMANTEC, SYMANTEC PARTIES TO OBTAIN LICENSE TO CO'S PATENTS.FINJAN HOLDINGS - UNDER SETTLEMENT WITH SYMANTEC, SYMANTEC PARTIES TO PAY CO'S PARTIES $65 MILLION IN CASH WITHIN 20 DAYS OF EFFECTIVE DATE OF SETTLEMENT.FINJAN HOLDINGS- UPON ACQUISITION BY SYMANTEC OF SOME ENTITIES WITHIN 4 YRS FROM EFFECTIVE DATE, SYMANTEC PARTIES TO PAY LICENSE FEES OF UPTO $45 MILLION.  Full Article

Finjan And Symantec Enter Into Confidential Definitive Agreement
Thursday, 1 Mar 2018 03:22pm EST 

March 1 (Reuters) - Finjan Holdings Inc ::FINJAN AND SYMANTEC ENTER INTO A CONFIDENTIAL DEFINITIVE AGREEMENT.FINJAN HOLDINGS - ‍ENTERED INTO CONFIDENTIAL DEFINITIVE DEAL ON FEB 28, WHEREBY COS RESOLVED ALL PENDING DISPUTES​.  Full Article

Finjan And Symantec Have Entered Into A Confidential Term Sheet
Monday, 12 Feb 2018 08:30am EST 

Feb 12 (Reuters) - Finjan Holdings Inc ::FINJAN AND SYMANTEC HAVE ENTERED INTO A CONFIDENTIAL TERM SHEET.‍FINJAN HOLDINGS - CO, UNIT ANNOUNCED THAT FINJAN'S PATENT INFRINGEMENT RETRIAL AGAINST BLUE COAT SYSTEMS SET TO START ON FEB 12, HAS BEEN VACATED​.‍FINJAN HOLDINGS SAYS FINJAN AND BLUE COAT'S PARENT, SYMANTEC CORPORATION HAVE ENTERED INTO A CONFIDENTIAL TERM SHEET​.‍FINJAN HOLDINGS SAYS FINJAN EXPECTS THAT A DEFINITIVE AGREEMENT WILL BE FINALIZED BY NO LATER THAN FEBRUARY 28, 2018​.  Full Article

Symantec Says Working With Microsoft To Provide Added Protection To Microsoft Azure
Wednesday, 7 Feb 2018 09:00am EST 

Feb 7 (Reuters) - Symantec::SYMANTEC PROVIDES ADDED PROTECTION FOR MICROSOFT AZURE AND OFFICE 365.SYMANTEC - WORKING WITH MICROSOFT TO BRING APPLICATIONS THAT PROVIDE ADDED LAYER OF PROTECTION TO MICROSOFT AZURE.  Full Article

Symantec Q3 Earnings Per Share $2.01
Wednesday, 31 Jan 2018 04:05pm EST 

Jan 31 (Reuters) - Symantec Corp ::SYMANTEC REPORTS THIRD QUARTER FISCAL YEAR 2018 RESULTS.Q3 REVENUE $1.209 BILLION VERSUS I/B/E/S VIEW $1.27 BILLION.QTRLY EARNINGS PER SHARE $2.01.QTRLY ADJUSTED EARNINGS PER SHARE $0.49.SEES Q4 GAAP REVENUE $1,164 MILLION - $1,194 MILLION.QTRLY NON-GAAP REVENUE $1,234 MILLION VERSUS $1,088 MILLION LAST YEAR‍​.SEES Q4 NON-GAAP REVENUE $1,175 MILLION - $1,205 MILLION.SEES Q4 2018 EARNINGS PER SHARE BETWEEN LOSS OF $0.07 AND LOSS OF $0.03.CASH FLOW FROM OPERATIONS IN FISCAL YEAR 2018 EXPECTED TO BE NEAR THE HIGH-END OF PRIOR GUIDANCE RANGE.SEES Q4 2018 ADJUSTED EARNINGS PER SHARE BETWEEN $0.37 AND $0.41.Q3 EARNINGS PER SHARE VIEW $0.44 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $0.50, REVENUE VIEW $1.28 BILLION -- THOMSON REUTERS I/B/E/S.EXCLUDED FROM THE NON-GAAP TAX PROVISION THE ONE-TIME PROVISIONAL BENEFIT OF $810 MILLION IN QTR‍​.$810 MILLION BENEFIT IN QUARTER REFLECTS THE ADJUSTMENTS TO INCOME TAX EXPENSE RELATED TO THE DISCRETE EFFECTS OF U.S. INCOME TAX REFORM.  Full Article

Shieldx Networks Secures $25 Mln In Series B Funding
Tuesday, 12 Dec 2017 09:00am EST 

Dec 12 (Reuters) - Symantec Corp ::SHIELDX NETWORKS SECURES $25M IN SERIES B FUNDING.SHIELDX NETWORKS - CLOSED $25M SERIES B ROUND OF FUNDING WITH NEW INVESTORS INCLUDING ASHAR AZIZ, DIMENSION DATA AND SYMANTEC VENTURES.  Full Article

Symantec selects Amazon Web services to deliver cloud security to global customers
Wednesday, 22 Nov 2017 04:30pm EST 

Nov 22 (Reuters) - Amazon.Com Inc :Symantec selects Amazon Web services to deliver cloud security to global customers.  Full Article

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Symantec names three Starboard nominees to board

Symantec Corp said on Monday it named three nominees of Starboard Value LP to the Norton anti-virus software maker's board, barely a month after the activist investor took a stake in the company to push for a change.