Symantec Corp

On November 19, Morgan Stanley upgraded Broadcom (AVGO) stock, increasing its price target and recommendations. AVGO rose 2.13% and closed at $317.70.

Chip maker Broadcom (AVGO) stock jumped over 2% on November 19 after Morgan Stanley raised its price target and recommendations.

Ping Identity shares have gained 20% after it announced its quarterly results on Wednesday. The company reported sales of $61.8 million.

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 (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 (IBM) stock fell more than 5% in after-hours trading. The company reported mixed third-quarter results on Wednesday and beat the earnings estimates.

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 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.

Yesterday, Broadcom (AVGO) stock fell 2.70% in after-hours trading after the chipmaker announced a convertible stock offering.

Microsoft (MSFT) stock rose 1.19% in extended trading yesterday after the tech giant announced a new share buyback program and dividend increase.

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 (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 hasn’t been a great performer compared to its semiconductor peers this year. So far, the stock has fallen more than 4% today.

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 (ORCL) unexpectedly released its earnings results for the first quarter of fiscal 2020 on Wednesday after the market bell.

Given its positive estimate revision, Oracle (ORCL) is likely to report upbeat fiscal 2020 first-quarter earnings on September 12.

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.

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.

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.

Currently, the global market is a mess. Investors want more conservative dividend stocks in defensive sectors like consumer staples and utilities.

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 top five buys in the second quarter were Invesco QQQ Trust (QQQ), Alphabet, eBay, Symantec, and Red Hat.

Symantec (SYMC) stock soared and closed 12.3% higher yesterday after the cybersecurity company announced it was selling assets to Broadcom (AVGO).

Yesterday, Symantec (SYMC) inked an all-cash deal with Broadcom (AVGO) to sell its Enterprise Security unit 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 is gaining momentum and is up over 10% in premarket trading on the news of its acquisition deal with Broadcom.

Shares of cybersecurity company Fortinet gained over 12.0% in early market trading today. It announced its second-quarter results on August 1.

Symantec (SYMC) stock plunged as much as 15% on Monday after the company halted deal negotiations with semiconductor giant Broadcom (AVGO).

Will cybersecurity stocks continue to rise, or will they experience a correction driven by fears of a tech slowdown?

Semiconductor giant Broadcom is reportedly arranging funds for the acquisition of cybersecurity company Symantec, though the terms are undisclosed.

Yesterday, Broadcom (AVGO) stock plunged 3.5% and closed at $284.89 after it announced its intention to purchase Symantec (SYMC).

Yesterday, after it was reported that Broadcom was in late-stage talks to acquire Symantec, its stock fell 3.5%. Here’s why.

Symantec (SYMC) shares rose 22.1% in after-hours trading on July 2. The stock closed after-hours trading at $27.0 per share.

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

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.

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.

Symantec (SYMC) rose ~16.6% in June despite the intense competitive environment and weakness in the business.

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.

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.

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.

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.

Shares of Symantec (SYMC) have fallen around 21.0% since the start of May 2019.

Symantec posted mixed fiscal 2019 fourth-quarter results on May 9.

Symantec (SYMC) lost investors’ confidence when it announced on May 9 that its CEO, Greg Clark, would be leaving the company effective immediately.

Symantec’s (SYMC) revenue of $1.195 billion in the fourth quarter of 2019 missed analysts’ estimate of $1.21 billion.

Antivirus software maker Symantec (SYMC) delivered EPS of $0.05 in the fourth quarter of fiscal 2019.

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 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.

Cybersecurity (HACK) leader Symantec (SYMC) has generated returns of -12.4% in the last 12 months.

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

Cybersecurity (HACK) stock Fortinet (FTNT) has generated returns of 68% in the last 12 months.

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

Cisco Systems (CSCO) recently announced a plan to invest around $11 million to grow its business in Canada.

Cloud services company Oracle (ORCL) posted adjusted earnings of $0.87 per share in the third quarter of fiscal 2019.

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

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.

Alphabet’s (GOOGL) cybersecurity division, Chronicle, has reportedly rolled out its first commercial product.

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.

Nicholas Noviello, Symantec’s CFO, has decided to step down from the position to pursue opportunities outside the cybersecurity company.

In the third quarter of fiscal 2019, Symantec (SYMC) delivered total operating cash flows of $377 million.

Symantec (SYMC) topped its revenue estimates in the third quarter of fiscal 2019 and grew slightly from the previous year’s quarter.

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.

On December 11, Symantec announced that it will partner with Fortinet (FTNT) to provide comprehensive security solutions.

Imperva (IMPV) now looks to be firmly on track to be acquired by Thoma Bravo after its go-shop window closed.

Until a few years ago, in the days of Windows 7, Microsoft (MSFT) didn’t take the cybersecurity business too seriously.

We know the nation is politically divided, and now the market is showing us its split personality as well.

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

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 (SYMC) topped its revenue estimates in the second quarter of fiscal 2019.

Cisco Systems (CSCO) is setting up a new venture fund that is expected to focus on early-stage startups.

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.

In May, Symantec (SYMC) launched a months-long probe of its accounting practices following an alert from a former employee.

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.

Shares of cybersecurity company Symantec (SYMC) rose 4.3% on September 18. The stock is currently trading at $20.65.

Cloud services company Oracle (ORCL) easily topped earnings estimates in the fiscal 2019 first quarter.

Cybersecurity company Palo Alto Networks (PANW) is expanding its product portfolio, adding new and updated products.

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

The average target price for Symantec provided by 29 analysts came in at $21.10 on August 27.

In the last five years, Symantec has returned $7.7 billion to its investors through dividends and share repurchases.

Symantec expects its fiscal 2019 revenues to reach $2.27 billion–$2.35 billion compared with its previous guidance of $2.29 billion–$2.39 billion.

In the fiscal first quarter of 2019, Symantec’s total billings fell 17.0% YoY to $996.0 million.

In the last five quarters, Symantec’s Consumer Digital Safety unit has generated double-digit revenue growth.

In fiscal Q1 2019, Symantec’s (SYMC) revenues reached ~$1.2 billion, a 5.9% YoY fall driven by its Enterprise Security business.

Starboard Value’s nominees to the Symantec board include directors at semiconductor companies Advanced Micro Devices (AMD) and Marvell Technology (MRVL).

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.

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.

Cisco Systems (CSCO) is acquiring July Systems, a cloud-based location service provider.

Symantec introduced a free online application capable of detecting threats on both corporate and household routers caused by the VPNFilter malware.

FireEye (FEYE) stock has gained 16% in the last six months.

FireEye’s (FEYE) Helix security technology combines the company’s network, email, and endpoint security platforms with its advanced threat intelligence, threat analytics, and orchestration features.

Shares of cybersecurity (HACK) company Symantec (SYMC) fell 25% in May and closed at $20.78.

In fiscal 2018, Symantec bought Skycure, which protects mobile devices running on Google’s (GOOGL) Android and Apple’s iOS platforms from malware attacks.

In fiscal Q4 2018, Symantec’s total billings increased 17.1% YoY to $1.6 billion.

Symantec’s (SYMC) debt levels in the last two years have increased at a rapid pace, driven by the acquisition of Blue Coat Systems for ~$4.7 billion and LifeLock for $2.3 billion.

Symantec expects its non-GAAP EPS in fiscal Q1 2019 to be $0.31–$0.35.

Cisco Systems’ (CSCO) security business segment revenue rose 11% YoY (year-over-year) to $583 million in April.

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

Symantec (SYMC) stock bounced back on Monday, rising ~9.6% to $21.40 after falling more than 30% on Friday.