Symantec's revenue misses and forecast disappoints, shares fall

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Symantec (SYMC) PT Lowered to $28 at Susquehanna; 'Model in Transition'

February 1, 2018 6:29 AM EST

Susquehanna lowered its price target on Symantec (NASDAQ: SYMC) to $28.00 (from $32.00) while maintaining a Neutral rating.

Analyst Anne Meisner commented, "Symantec's model is in transition, and while the mix-shift to a more ratable, cloud-based business should be a longer-term positive for the... More