Symantec Corp

Salesforce continued its spree in December 2016 with its acquisition of Twin Prime, a startup focused on machine learning.

ValueAct Capital initiated a new position in Symantec Corp. (SYMC) that accounts for 1.14% of the fund’s first quarter portfolio.

The 13F filing showed that George Soros bought almost 500,000 Slack (WORK) shares at an average price of $37.5 per share during the second quarter.

Continued sluggishness in computer market  In the previous part, we discussed Symantec’s (SYMC) latest acquisition of LifeLock. PC (personal computer) shipments fell for the eighth consecutive quarter in 3Q16. Gartner said that this was “the longest duration of decline in the history of the PC industry.” Let’s discuss how this acquisition is going to enhance its […]

In fiscal 1Q16, Symantec’s Information Management—Veritas—posted revenue of $587 million. This was a fall of 10% on YoY (year-over-year) basis.

Fortinet (FTNT) fell 13.3% on November 2 to close at $72.56.

Cybersecurity (HACK) stock FireEye (FEYE) has taken investors on a volatile ride over the last few years.

Yesterday, Symantec (SYMC) inked an all-cash deal with Broadcom (AVGO) to sell its Enterprise Security unit for $10.7 billion.

Symantec stock is gaining momentum and is up over 10% in premarket trading on the news of its acquisition deal with Broadcom.

Symantec’s near-term sales and profits are projected to see increased growth.

Fortinet managed to increase sales by 17.7% in the fourth quarter

Analysts expect Fortinet’s sales to rise 16% in fiscal 2019 to $2.09 billion, 13.2% in 2020 to $2.37 billion, and 11% to $2.62 billion in 2021.

FireEye (FEYE) is not yet GAAP-profitable. Though the company has managed to improve its net margin from -104% in 2014 to -29.3% in 2018, it’s likely to improve to -12.5% by 2021.

Alphabet’s (GOOGL) little-known subsidiary called Chronicle is going for a huge prize: the $300 billion cybersecurity market.

Software giant Oracle (ORCL) topped revenue estimates of nearly $9.62 billion by 0.3% in the third quarter of fiscal 2019.

Tech giant Microsoft (MSFT) has been rewarding its shareholders with dividend payments.

Mattel, which is an American multinational toy manufacturing company, was the S&P 500’s top gainer on May 15.

According to MarketsandMarkets, the global SWG market is expected to grow at a CAGR of 20.5% to $5.6 billion by 2020, up from $2.2 billion in 2015.

Symantec announced the acquisition of Fireglass in early July 2017.

In late May 2017, Microsoft (MSFT) acquired Hexadite to strengthen its position in the cybersecurity space.

Walt Disney (DIS) is carrying a total debt of $21.6 billion. But can it easily pay the interest?

On May 9, 2017, FireEye’s (FEYE) market cap was ~$2.9 billion at the end of trading, which was much lower than that of its peers.

Cisco Systems is considered a leader in security appliances, but IDC recently stated that Palo Alto, with its 17.1% market share, leads the security market.

Intel (INTC) is falling behind Xilinx (XLNX) in the programmable solutions market.

A leader in the data loss prevention space Earlier in this series, we discussed Symantec’s (SYMC) Enterprise Security segment’s performance in fiscal 2Q17. We also learned that Symantec was recognized as a leader in endpoint protection. Additionally, it launched SEP (Symantec Endpoint Protection) 14 and SEP Cloud. These launches ensured that “Symantec the only company with […]

An increase in cyberattacks, the proliferation of IoT, and the increasing requirement to deploy advanced security solutions should drive growth in the APT space.

ValueAct Capital initiated a new position in 21st Century Fox (FOX). It’s a diversified global media and entertainment company. FOX accounts for 0.67% of the fund’s first quarter portfolio. 21st Century Fox is home to a global portfolio of cable and broadcasting networks and properties.

Major contributors to the operating expenditure are marketing costs and research and development (R&D) expenses that leads to value added products and services development.

R&D costs typically form 10%–20% of the revenues for software companies.

“Software” refers to computer program or data (bits and bytes stored), that can be stored electronically.