Symantec Corp
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Broadcom Stock: Should You Buy after Analyst Upgrade?
On November 19, Morgan Stanley upgraded Broadcom (AVGO) stock, increasing its price target and recommendations. AVGO rose 2.13% and closed at $317.70.
Broadcom Stock Jumps on Morgan Stanley Upgrade
Chip maker Broadcom (AVGO) stock jumped over 2% on November 19 after Morgan Stanley raised its price target and recommendations.
Ping Identity Stock Surges after Q3 Results
Ping Identity shares have gained 20% after it announced its quarterly results on Wednesday. The company reported sales of $61.8 million.
George Soros: Warren Is Most Qualified Candidate
On October 25, George Soros weighed in on the 2020 election. He told the New York Times that Elizabeth Warren is the “most qualified to be president.”
IBM: UBS Downgrades Stock, Predicts Lower Revenues
IBM (IBM) stock fell around 1.13% on Monday and closed the trading session at $132.58. The shares fell after one analyst downgraded the stock.
IBM Stock Fell Due to Revenue Miss: What’s Next?
IBM (IBM) stock fell more than 5% in after-hours trading. The company reported mixed third-quarter results on Wednesday and beat the earnings estimates.
Is Microsoft Stock a ‘Buy’ amid Trade War Tumult?
Microsoft (MSFT) stock fell 1.06% on October 8 and closed at $135.67. At this closing price, its market cap was about $1.04 trillion.
Broadcom Stock Fell in September: Will Weakness Continue?
Broadcom stock closed the trading day at $274.85 and fell 0.44% on October 1. The stock was trading 14.9% below its 52-week high of $323.20.
Can Broadcom’s Stock Offering Reduce Its Debt Burden?
Yesterday, Broadcom (AVGO) stock fell 2.70% in after-hours trading after the chipmaker announced a convertible stock offering.
Microsoft Stock: Dividend Hike, Buybacks Attract Investors
Microsoft (MSFT) stock rose 1.19% in extended trading yesterday after the tech giant announced a new share buyback program and dividend increase.
Broadcom to Deleverage Its Balance Sheet
Broadcom’s CEO is known for his mergers and acquisitions. He targets companies that are market leaders with high cash flows and distressed growth.
Broadcom: Second-Half Semiconductor Demand Bottoms
Broadcom (AVGO) stock fell as much as 1.9% in after-hours trading yesterday after the company reported mixed fiscal 2019 third-quarter earnings results.
Broadcom Stock: Why Is It Falling Today?
Broadcom stock hasn’t been a great performer compared to its semiconductor peers this year. So far, the stock has fallen more than 4% today.
Broadcom Stock a Good Bet for Long-Term Investors
As the trade war eases, Broadcom stock has soared 5.4% through September 10. Broadcom plans to release its Q3 earnings after the market closes.
Oracle Stock Falls Due to Q1 Earnings, Co-CEO Takes Leave
Oracle (ORCL) unexpectedly released its earnings results for the first quarter of fiscal 2020 on Wednesday after the market bell.
Oracle on Track to Surpass Earnings Estimates Again
Given its positive estimate revision, Oracle (ORCL) is likely to report upbeat fiscal 2020 first-quarter earnings on September 12.
Should Symantec Agree to a Private Equity Buyout Offer?
After Friday’s buyout offer for Symantec’s Consumer Cyber Safety segment, its stock soared 4.5% to $24.52. This pushed its market cap to $15.2 billion.
Private Buyout: Symantec Stock Spikes 7%
Symantec (SYMC) stock spiked as much as 7% on Friday and closed 4.5% higher to $24.52 on a buyout offer from Permira and Advent International.
Why Investors Shouldn’t Ignore Oracle Stock
Investors seem to have forgotten about Oracle, despite its strong gains this year. The enterprise software giant’s stock has risen 19.4% year-to-date.
Dividend Stocks: What to Buy amid Falling Treasury Yields
Currently, the global market is a mess. Investors want more conservative dividend stocks in defensive sectors like consumer staples and utilities.
George Soros Buys Slack, Increases SPY Short Exposure
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.
Soros Fund Management’s Major Picks amid Trade War
Soros Fund Management’s top five buys in the second quarter were Invesco QQQ Trust (QQQ), Alphabet, eBay, Symantec, and Red Hat.
Symantec Sells Enterprise Unit, Stock Up on AVGO Deal
Symantec (SYMC) stock soared and closed 12.3% higher yesterday after the cybersecurity company announced it was selling assets to Broadcom (AVGO).
Symantec Rewards Shareholders with Special Dividend
Yesterday, Symantec (SYMC) inked an all-cash deal with Broadcom (AVGO) to sell its Enterprise Security unit for $10.7 billion.
Broadcom Agrees to Aquire a Symantec Business for $10.7 Billion
On August 8, leading semiconductor company Broadcom (AVGO) agreed to acquire Symantec’s Enterprise Security Business for $10.7 billion.
Symantec Stock Surges Over 10% on Broadcom Buyout Talks
Symantec stock is gaining momentum and is up over 10% in premarket trading on the news of its acquisition deal with Broadcom.
Fortinet Stock Rises after Its Solid Q2 Results
Shares of cybersecurity company Fortinet gained over 12.0% in early market trading today. It announced its second-quarter results on August 1.
Symantec and Broadcom Have Ended Deal Talks—What Now?
Symantec (SYMC) stock plunged as much as 15% on Monday after the company halted deal negotiations with semiconductor giant Broadcom (AVGO).
Do These Cybersecurity Stocks Have Upside Potential?
Will cybersecurity stocks continue to rise, or will they experience a correction driven by fears of a tech slowdown?
Broadcom Arranges Financing for Symantec Acquisition
Semiconductor giant Broadcom is reportedly arranging funds for the acquisition of cybersecurity company Symantec, though the terms are undisclosed.
Symantec Stock Jumped, Broadcom Plunged on Buyout Offer
Yesterday, Broadcom (AVGO) stock plunged 3.5% and closed at $284.89 after it announced its intention to purchase Symantec (SYMC).
How Broadcom Plans to Benefit from Its Upcoming Acquisition
Yesterday, after it was reported that Broadcom was in late-stage talks to acquire Symantec, its stock fell 3.5%. Here’s why.
Symantec Stock Rose Due to Broadcom Acquisition News
Symantec (SYMC) shares rose 22.1% in after-hours trading on July 2. The stock closed after-hours trading at $27.0 per share.
How Analysts Rate Symantec Stock
Symantec’s near-term sales and profits are projected to see increased growth.
Why Symantec’s Earnings Could Remain Sluggish in Q1
Symantec (SYMC) reported adjusted earnings of $0.39 per share in the fourth quarter of fiscal 2019, which declined ~11.4% from both the prior-year quarter and the sequential quarter due to higher investments in the enterprise security segment.
Why Symantec Revenues Could Rise
Cybersecurity firm Symantec (SYMC) anticipates revenues for the first quarter to be in the range of $1.18 billion to $1.21 billion in comparison to the $1.165 billion reported in the last year quarter.
Why Symantec Stock Gained Nearly 17% in June
Symantec (SYMC) rose ~16.6% in June despite the intense competitive environment and weakness in the business.
Oracle Stock: Analysts’ Ratings, Market Cap, and Valuation
Of the 33 analysts covering Oracle (ORCL), eight have given the stock “buy” ratings, while 21 have given it “holds.” Four analysts have given the stock “sell” ratings.
What’s Driving Oracle’s Earnings Growth?
Cloud services provider Oracle (ORCL) posted adjusted EPS of $1.16 in the fourth quarter of fiscal 2019, which exceeded analysts’ expectation of $1.07 and marked a rise over the previous year’s $0.95. Oracle has beaten earnings estimates for the last ten consecutive quarters.
Why Symantec’s Valuation Is Compelling
The stock of software giant Symantec (SYMC) has fallen nearly 20% since the beginning of May 2019, which has made it attractive on the valuation front. The stock has gained 2.8% year-to-date as of June 14, compared to the S&P 500, which has risen more than 15% in the same period.
Why Symantec Stock Has Risen Over 3% on June 17
The stock of cybersecurity company Symantec Corporation (SYMC) rallied over 3% on June 17 at 8:27 AM ET after Mizuho Securities analyst Gregg Moskowitz raised his rating and price target on the stock due to its attractive valuation.
Why Symantec Stock Has Tumbled
Shares of Symantec (SYMC) have fallen around 21.0% since the start of May 2019.
Symantec Lags behind Software Peers in Terms of Market Cap
Symantec posted mixed fiscal 2019 fourth-quarter results on May 9.
Symantec’s Announcement of Its CEO’s Departure Shook Investors
Symantec (SYMC) lost investors’ confidence when it announced on May 9 that its CEO, Greg Clark, would be leaving the company effective immediately.
Does Symantec Foresee Revenue Growth in 2020?
Symantec’s (SYMC) revenue of $1.195 billion in the fourth quarter of 2019 missed analysts’ estimate of $1.21 billion.
Symantec’s Earnings Were Down on Lower Q4 Revenue
Antivirus software maker Symantec (SYMC) delivered EPS of $0.05 in the fourth quarter of fiscal 2019.
How Is Symantec Stock Performing Compared to Its Peers?
Symantec stock plummeted ~12.5% on May 10, closing at $19.39 after it announced its fiscal 2019 fourth-quarter earnings results on May 9.
Fortinet Gains Market Share in Worldwide Security Segment
Fortinet managed to increase sales by 17.7% in the fourth quarter
What Are Fortinet’s Key Revenue Drivers for 2019 and Beyond?
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.
What Could Drive FireEye Shares Higher
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.
Why Is Symantec Trading at a Premium to Analyst Estimates?
Cybersecurity (HACK) leader Symantec (SYMC) has generated returns of -12.4% in the last 12 months.
Is Fortinet Stock Overvalued after Generating Huge Returns?
Cybersecurity (HACK) stock Fortinet (FTNT) has generated returns of 68% in the last 12 months.
Little-Known Alphabet Unit Enters $300 Billion Industry
Alphabet’s (GOOGL) little-known subsidiary called Chronicle is going for a huge prize: the $300 billion cybersecurity market.
Behind Cisco’s $11 Million Canada Investment Plan
Cisco Systems (CSCO) recently announced a plan to invest around $11 million to grow its business in Canada.
What Drove Oracle’s Q3 Earnings Results?
Cloud services company Oracle (ORCL) posted adjusted earnings of $0.87 per share in the third quarter of fiscal 2019.
Why Oracle’s Revenue Growth Is Getting Sluggish
Software giant Oracle (ORCL) topped revenue estimates of nearly $9.62 billion by 0.3% in the third quarter of fiscal 2019.
Oracle Stock Fell despite Q3 Earnings and Revenue Beat
Oracle (ORCL) was down as much as 4% in extended trading on Thursday, even though the company reported better-than-expected numbers in the third quarter.
How Alphabet Is Expanding in Cybersecurity Space
Alphabet’s (GOOGL) cybersecurity division, Chronicle, has reportedly rolled out its first commercial product.
Why Is Moody’s Optimistic about Symantec?
Moody’s has given a stable outlook to Symantec on the expectations that the company would deliver low to mid-single digit revenue growth in fiscal 2020.
Will Symantec’s CFO’s Resignation Disrupt Operations?
Nicholas Noviello, Symantec’s CFO, has decided to step down from the position to pursue opportunities outside the cybersecurity company.
Symantec Raises Buyback Authorization, Boosts Shareholder Value
In the third quarter of fiscal 2019, Symantec (SYMC) delivered total operating cash flows of $377 million.
Symantec Foresees Revenue Growth in 2019
Symantec (SYMC) topped its revenue estimates in the third quarter of fiscal 2019 and grew slightly from the previous year’s quarter.
How Symantec’s Cloud Security Product Became the Best
On December 20, Symantec announced that its Cloud Workload Protection (or CWP) product won the “product of the year” award in the cloud security category.
Analyzing Symantec’s Partnership with Fortinet
On December 11, Symantec announced that it will partner with Fortinet (FTNT) to provide comprehensive security solutions.
What Next for Imperva?
Imperva (IMPV) now looks to be firmly on track to be acquired by Thoma Bravo after its go-shop window closed.
How Microsoft Is Setting Its Cybersecurity Apart from Its Peers’
Until a few years ago, in the days of Windows 7, Microsoft (MSFT) didn’t take the cybersecurity business too seriously.
How Symantec Is Trying to Boost Profit Margins
In its second quarter of fiscal 2019, Symantec (SYMC) delivered adjusted operating income of $375 million, which was down ~14% from $435 million in the prior-year quarter.
Symantec Projects Enterprise Security Segment Will Boost Revenues
Symantec (SYMC) topped its revenue estimates in the second quarter of fiscal 2019.
Cisco Expanding Its Startup Investing Strategy
Cisco Systems (CSCO) is setting up a new venture fund that is expected to focus on early-stage startups.
Why FireEye Stock Is Overvalued
On October 11, FireEye (FEYE) was trading at a forward EV-to-EBITDA multiple of ~26.1x as compared to the industry average of 8.1x.
Here’s What Symantec’s Accounting Probe Unearthed
In May, Symantec (SYMC) launched a months-long probe of its accounting practices following an alert from a former employee.
Did Microsoft’s Dividend Hike Impress Investors?
Microsoft’s board will now pay a dividend of $0.46 per share, an increase of 9.5% from the previous dividend of $0.42 per share.
What Helped Oracle’s First-Quarter Results?
Cloud services company Oracle (ORCL) easily topped earnings estimates in the fiscal 2019 first quarter.
How Is Microsoft Returning Value to Shareholders?
Tech giant Microsoft (MSFT) has been rewarding its shareholders with dividend payments.
Symantec’s Strong Capital Return Policy
In the last five years, Symantec has returned $7.7 billion to its investors through dividends and share repurchases.
Factors that Are Affecting Symantec’s Billings Growth
In the fiscal first quarter of 2019, Symantec’s total billings fell 17.0% YoY to $996.0 million.
What’s Driving Symantec’s Consumer Digital Safety Business?
In the last five quarters, Symantec’s Consumer Digital Safety unit has generated double-digit revenue growth.
A Look at Symantec’s Integrated Cyber Defense Platform
In fiscal Q1 2019, Symantec’s (SYMC) revenues reached ~$1.2 billion, a 5.9% YoY fall driven by its Enterprise Security business.
What Is Starboard Value Seeking at Symantec?
Starboard Value’s nominees to the Symantec board include directors at semiconductor companies Advanced Micro Devices (AMD) and Marvell Technology (MRVL).
Cisco’s Security Business Continued to Drive Revenue
Cisco’s (CSCO) Security business is one of the company’s key revenue drivers. Revenue from this business segment rose 12% YoY (year-over-year) to $627 million in fiscal Q4 2018.
Symantec’s New Email Threat Isolation versus Advanced Attacks
To boost its email security service, Symantec (SYMC) launched its integrated Email Threat Isolation service yesterday to protect end users from high-level email threats.
Why Cisco Is Acquiring July Systems
Cisco Systems (CSCO) is acquiring July Systems, a cloud-based location service provider.
Symantec’s New VPNFilter Check to Enhance Malware Detection
Symantec introduced a free online application capable of detecting threats on both corporate and household routers caused by the VPNFilter malware.
What Affected Symantec Stock in May?
Shares of cybersecurity (HACK) company Symantec (SYMC) fell 25% in May and closed at $20.78.
A Look at Symantec’s Acquisition Goals
In fiscal 2018, Symantec bought Skycure, which protects mobile devices running on Google’s (GOOGL) Android and Apple’s iOS platforms from malware attacks.
A Look at Symantec’s Key EPS Drivers
Symantec expects its non-GAAP EPS in fiscal Q1 2019 to be $0.31–$0.35.
A Look at Cisco’s Growth in the Security Business Segments
Cisco Systems’ (CSCO) security business segment revenue rose 11% YoY (year-over-year) to $583 million in April.
Mattel: S&P 500’s Top Gainer on May 15
Mattel, which is an American multinational toy manufacturing company, was the S&P 500’s top gainer on May 15.
Why Symantec Stock Bounced Back on Monday
Symantec (SYMC) stock bounced back on Monday, rising ~9.6% to $21.40 after falling more than 30% on Friday.
Why FireEye Stock Rose Last Week
Shares of cybersecurity (HACK) company FireEye (FEYE) rose 8% in the week that ended on April 13, 2018, to close at $18.71.
What Impacted Cisco Systems’ Security Revenues in Fiscal 2Q18?
In fiscal 2Q18, Cisco’s (CSCO) Security segment posted revenues of $558.0 million, a 6.0% increase compared to $526.0 million in fiscal 2Q17.
Where Is Symantec Stock Headed in 2018?
Since the beginning of this year, Symantec stock has fallen more than 5.0%, and it has lost close to 8.5% in the last year.
How Symantec’s Consumer Segment Performed
Symantec’s Consumer Digital Safety segment saw its non-GAAP revenues grow 47.0% to $584.0 million in fiscal 3Q18.
How Symantec Plans to Bring Growth to Its Enterprise Segment
Recent data breaches—especially the Equifax attack—increased the demand for LifeLock identity protection, which benefited Symantec in 2017.
Will Cisco’s Security Revenue Continue to Rise in Fiscal 2Q18?
Cisco Systems (CSCO) is considered a market leader in the worldwide security appliance market with a 16% share.
What FireEye’s Technical Indicators Tell Us about FEYE Stock
On January 29, FEYE stock was trading 3.0% above its 20-day moving average of $15.00 and 10.0% above its 50-day moving average of $14.00.
Who’s Watching Palo Alto Networks in 2018?
The increase in cybersecurity spending implies that the majority of cybersecurity firms with competitive security offerings could post revenue growth.
Why Microsoft May Be Considering Buyouts for Its Windows Defender Platform
Microsoft has recently acquired four security companies, but it could still be interested in making another.
Why FireEye Could Be Seen as an Acquisition Target
FireEye has frequently been considered as a potential takeover target, and its transition toward a subscription business model makes it an attractive option.
Why FireEye’s Fiscal 4Q17 Results Matter
FireEye (FEYE), a leading player in the cybersecurity space, is scheduled to announce its fiscal 4Q17 earnings on February 8, 2018.