Citi Downgrades Symantec (SYMC) to Neutral
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Symantec (SYMC) Ratings Affirmed by S&P Amid Agreement to Sell Veritas
August 11, 2015 3:17 PM EDTStandard & Poor's Ratings Services said it kept its ratings, including the 'BBB' corporate credit rating and 'BBB' senior unsecured debt rating, on Mountain View, Calif.-based Symantec Corp. (Nasdaq: SYMC) on CreditWatch, where we placed them with negative implications on Oct. 9, 2014.
"Symantec announced a definitive agreement to sell Veritas, its information management... More
Credit Suisse Downgrades Symantec (SYMC) to Neutral (Earlier)
August 11, 2015 1:16 PM EDTCredit Suisse downgraded Symantec (NASDAQ: SYMC) from Outperform to Neutral earlier and lowered its price target to $25.00 (from $30.00). The downgrade follows news the company sold Veritas to Carlyle Group for $8 billion.
"Although we had estimated that Veritas could be valued near $8.8 billion, we are... More
Symantec (SYMC) Misses Q1 EPS by 3c; Issues Light Q2 Outlook
August 11, 2015 7:06 AM EDTSymantec (NASDAQ: SYMC) reported Q1 EPS of $0.40, $0.03 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.53 billion.
Symantec sees Q2 2016 EPS of $0.40-$0.43, versus the consensus of $0.45. Symantec sees Q2 2016 revenue of $1.485-1.525... More
Symantec (SYMC) trading halted with news pending
August 11, 2015 6:55 AM EDTSymantec (NASDAQ: SYMC) trading halted with news pending.
... More