Symantec (SYMC) Tops Q1 EPS by 2c, Beats on Revenues; Offers FY18 EPS/Revenues Above Consensus
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Go back to Symantec (SYMC) Tops Q1 EPS by 2c, Beats on Revenues; Offers FY18 EPS/Revenues Above Consensus
August 3, 2017 7:37 AM EDT
Cowen lowered its price target on Symantec (NASDAQ: SYMC) to $31.00 (from $33.00) while maintaining a Market Perform rating. F1Q revenue of $1.228b was up 39% y/y, exceeding the Street at $1.205b. OMs of 30.7% grew 210bps y/y and easily beat the Street's 28.2%, translating... More
August 2, 2017 3:55 PM EDT
Symantec (NASDAQ: SYMC) has agreed to sell its business that helps verify the identity of websites to buyout firm Thoma Bravo LLC - Reuters
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August 2, 2017 3:53 PM EDT
By Liana B. Baker
(Reuters) - Cyber security company Symantec Corp (NASDAQ: SYMC) has agreed to sell its business that helps verify the identity of websites to buyout firm Thoma Bravo LLC, people familiar with the matter said on Wednesday, a move that extricates it from a feud with Alphabet Inc's Google (NASDAQ: GOOGL).
Thoma Bravo is planning to merge its own Web certification company called DigiCert with the Symantec unit it will acquire, the sources said, asking not to be identified ahead of an... More
August 2, 2017 2:44 PM EDT
Susquehanna options strategist Alison Edwards notes bullish options activity in Symantec (NASDAQ: SYMC), as an opening investor in Symantec Corp bought 4,000 Aug4 32 Calls for $0.44, ahead of the company's earnings announcement today after the close.
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