Symantec Earnings Beat Ahead Of Veritas Divorce

By | November 5, 2015

Scalper1 News

Security software maker Symantec’s (SYMC) splitting off of its data storage unit Veritas, which it acquired in 2005 for $13.5 billion, is expected to close within two months, the company confirmed Thursday, ending a pairing that many analysts had questioned from the start. But the company also reported an earnings beat, and its stock was holding up better than the security software sector overall near midday Thursday. For its fiscal Q2 ended Oct. Scalper1 News

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