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Symantec Corp (SYMC.OQ)

SYMC.OQ on NASDAQ Stock Exchange Global Select Market

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24 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Symantec Will Pay Nicholas Noviello $1 Mln Within 20 Days After Effective Date Of Transition Services Agreement
Friday, 1 Feb 2019 06:23am EST 

Feb 1 (Reuters) - Symantec Corp ::SYMANTEC - WILL PAY NICHOLAS R. NOVIELLO $1 MILLION WITHIN 20 DAYS AFTER EFFECTIVE DATE OF TRANSITION SERVICES AGREEMENT.SYMANTEC - TO PAY NOVIELLO GIVEN HE ENTERS STANDARD RELEASE OF CLAIMS, $1 MILLION ON MAY 28, $1 MILLION WITHIN 10 DAYS AFTER EFFECTIVE DATE OF FINAL RELEASE.  Full Article

Symantec Reports Q3 Non-GAAP EPS Of $0.44
Thursday, 31 Jan 2019 04:15pm EST 

Jan 31 (Reuters) - Symantec Corp ::SYMANTEC REPORTS FISCAL THIRD QUARTER 2019 RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.44.Q3 GAAP EARNINGS PER SHARE $0.10.Q3 EARNINGS PER SHARE ESTIMATE $0.39 -- REFINITIV IBES DATA.ANNOUNCES APPOINTMENT OF CHIEF ACCOUNTING OFFICER.ANNOUNCES AN INCREASE TO ITS EXISTING SHARE REPURCHASE AUTHORIZATION TO $1.3 BILLION.ANNOUNCES AN INCREASE TO ITS EXISTING SHARE REPURCHASE AUTHORIZATION TO $1.3 BILLION.INCREASES ENTERPRISE SECURITY REVENUE GUIDANCE AND GAAP DILUTED AND NON-GAAP DILUTED EPS FOR FULL YEAR 2019.SEES Q4 REVENUE $1,185 MILLION - $1,215 MILLION.QTRLY GAAP REVENUE WAS $1.211 BILLION, NON-GAAP REVENUE WAS $1.218 BILLION.Q3 REVENUE VIEW $1.18 BILLION -- REFINITIV IBES DATA.SEES Q4 NON GAAP REVENUE $1,190M - $1,220M.SEES Q4 GAAP EARNINGS PER SHARE $0.06 - $0.10.SEES Q4 ADJUSTED EARNINGS PER SHARE $0.37 TO $0.41.SYMANTEC - BOARD APPOINTED MATTHEW BROWN, CURRENTLY VP, FINANCE & CORPORATE CONTROLLER, TO POSITION OF VP, FINANCE & CHIEF ACCOUNTING OFFICER.  Full Article

Norton Lifelock develops new app to help consumers begin to take control of their online privacy
Monday, 28 Jan 2019 09:00am EST 

Jan 28 (Reuters) - Symantec Corp ::NORTON LIFELOCK DEVELOPS NEW APP TO HELP CONSUMERS BEGIN TO TAKE CONTROL OF THEIR ONLINE PRIVACY.  Full Article

Symantec Announces New Leadership Structure For Enterprise Security Segment
Thursday, 29 Nov 2018 04:15pm EST 

Nov 29 (Reuters) - Symantec Corp ::SYMANTEC ANNOUNCES NEW LEADERSHIP STRUCTURE FOR ENTERPRISE SECURITY SEGMENT TO PROPEL NEXT PHASE OF GROWTH AND INDUSTRY LEADERSHIP.SYMANTEC CORP - ART GILLILAND APPOINTED EVP AND GM ENTERPRISE PRODUCTS.SYMANTEC CORP - MICHAEL FEY RESIGNS AS PRESIDENT AND COO.SYMANTEC CORP - GREG CLARK HAS BEEN NAMED PRESIDENT OF SYMANTEC.  Full Article

Symantec Files For Non-Timely 10-Q With U.S. SEC
Wednesday, 7 Nov 2018 05:38pm EST 

Nov 7 (Reuters) - Symantec Corp ::SYMANTEC FILES FOR NON-TIMELY 10-Q WITH U.S. SEC.SYMANTEC SAYS UNABLE TO FILE ITS Q2 10-Q BECAUSE IT REQUIRES ADDITIONAL TIME TO PREPARE ITS FINANCIAL STATEMENTS INCLUDED IN Q2 FORM 10-Q.SYMANTEC - EXPECTS TO FILE THE Q1 FORM 10-Q AND THE Q2 FORM 10-Q BY END OF NOV.  Full Article

Symantec Reports Q2 Non-GAAP Earnings Per Share $0.42
Thursday, 1 Nov 2018 04:10pm EDT 

Nov 1 (Reuters) - Symantec Corp ::SYMANTEC REPORTS FISCAL SECOND QUARTER 2019 RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.42.Q2 GAAP LOSS PER SHARE $0.01.Q2 EARNINGS PER SHARE VIEW $0.33 -- THOMSON REUTERS I/B/E/S.QTRLY GAAP REVENUE WAS $1.175 BILLION, NON-GAAP REVENUE WAS $1.184 BILLION.QTRLY GAAP DILUTED LOSS PER SHARE OF$0.01 AND NON-GAAP DILUTED EPS OF $0.42 WERE ABOVE GUIDANCE.SEES 2019 NON-GAAP REVENUE $4,670 MILLION - $4,790 MILLION.SEES 2019 NON-GAAP EARNINGS PER SHARE $1.47 - $1.57.FY2019 EARNINGS PER SHARE VIEW $1.51, REVENUE VIEW $4.73 BILLION -- THOMSON REUTERS I/B/E/S.SEES Q3 2019 GAAP REVENUE $1,153 MILLION TO $1,183 MILLION.Q2 REVENUE VIEW $1.14 BILLION -- THOMSON REUTERS I/B/E/S.SEES Q3 2019 GAAP EARNINGS PER SHARE $0.02-$0.05.SEES 2019 GAAP REVENUE $4,640 MILLION-$4,760 MILLION.SEES Q3 NON - GAAP REVENUE BETWEEN $1,160 MILLION - $1,190MLN.SEES Q3 NON-GAAP EPS (DILUTED) BETWEEN $0.37 - $0.41.SEES 2019 EARNINGS PER SHARE OF LOSS OF $0.08 TO EARNINGS OF $0.02.Q3 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $1.18 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Symantec Announces Completion Of Audit Committee Investigation
Monday, 24 Sep 2018 08:00am EDT 

Sept 24 (Reuters) - Symantec Corp ::SYMANTEC ANNOUNCES COMPLETION OF AUDIT COMMITTEE INVESTIGATION.SYMANTEC - DOES NOT ANTICIPATE RESTATEMENT OR ADJUSTMENT OF ANY AUDITED/UNAUDITED, FILED/PREVIOUSLY ANNOUNCED, GAAP OR NON-GAAP FINANCIAL STATEMENTS.SYMANTEC CORP - CONCLUDED ITS INTERNAL INVESTIGATION, WHICH WAS ORIGINALLY ANNOUNCED IN MAY 2018.SYMANTEC CORP - NO EMPLOYMENT ACTIONS WITH RESPECT TO ANY SECTION 16 OFFICER HAVE BEEN RECOMMENDED AS A RESULT OF INVESTIGATION.SYMANTEC - COMMITTEE NOTED RELATIVELY WEAK, INFORMAL PROCESS RELATED TO SOME ASPECTS OF REVIEW,APPROVAL,TRACKING TRANSITION & TRANSFORMATION EXPENSES.SYMANTEC CORP - COMPANY IS WORKING TO COMPLETE PREPARATION OF FORM 10-K AND Q1 FORM 10-Q.SYMANTEC CORP - AUDIT COMMITTEE REVIEWED A TRANSACTION WITH A CUSTOMER FOR WHICH $13 MILLION WAS RECOGNIZED AS REVENUE IN Q4 OF FISCAL YEAR 2018.SYMANTEC CORP - AUDIT COMMITTEE PROPOSED CERTAIN RECOMMENDATIONS WHICH BOARD OF DIRECTORS HAS ADOPTED.SYMANTEC CORP - AFTER SUBSEQUENT REVIEW OF TRANSACTION, COMPANY HAS CONCLUDED THAT $12 MILLION OF $13 MILLION SHOULD BE DEFERRED.SYMANTEC-WORKING TO FACILITATE AUDIT OF FISCAL YEAR 2018 FINANCIAL STATEMENTS AND REVIEW OF Q1 QUARTERLY FINANCIAL STATEMENTS BY ITS OUTSIDE AUDITORS.SYMANTEC CORP - PREVIOUSLY ANNOUNCED FINANCIAL RESULTS FOR Q4 2018 AND Q1 2019 WILL BE REVISED TO TAKE INTO ACCOUNT DEFERRAL.  Full Article

Starboard Value Seeks Five Board Seats At Symantec - WSJ, Citing Sources
Thursday, 16 Aug 2018 12:13am EDT 

Aug 16 (Reuters) - :STARBOARD VALUE SEEKS FIVE BOARD SEATS AT SYMANTEC - WSJ, CITING SOURCES.STARBOARD HAS TAKEN A POSITION IN SYMANTEC AND PRIVATELY NOMINATED FIVE DIRECTORS TO ITS 11-PERSON BOARD IN JULY - WSJ, CITING SOURCES.STARBOARD OWNS ABOUT 5.8 PERCENT OF SYMANTEC, MAKING ITS STAKE WORTH ABOUT $670 MILLION - WSJ.  Full Article

Symantec Expects 2019 Restructuring Plan To Result In Estimated Annualized Total Reduction In Spending Of About $115 Million
Thursday, 2 Aug 2018 06:32pm EDT 

Aug 2 (Reuters) - Symantec Corp ::SYMANTEC - EXPECTS 2019 RESTRUCTURING PLAN TO RESULT IN ESTIMATED ANNUALIZED TOTAL REDUCTION IN SPENDING OF ABOUT $115 MILLION.  Full Article

MobileIron Appoints Scott Hill As CFO
Tuesday, 10 Jul 2018 08:45am EDT 

July 10 (Reuters) - MobileIron Inc ::MOBILEIRON APPOINTS SCOTT HILL AS CHIEF FINANCIAL OFFICER.MOBILEIRON INC - PRIOR TO MOBILEIRON, SCOTT HILL SERVED AS SENIOR VICE PRESIDENT OF FINANCE AT SYMANTEC.  Full Article

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Symantec acquires Israel's Luminate, with an eye on cloud security

JERUSALEM Cyber security firm Symantec Corp said on Tuesday it acquired Israel's Luminate Security in an effort to boost its security systems for cloud computing.