Symantec (SYMC) announced late Thursday it’s splitting into two companies, one focused on security and another on information management. The decision came days after rumors and news reports speculating that the No. 1 global security software vendor was in advanced talks to separate into two companies. Symantec CEO Michael Brown said in a conference call with analysts late Thursday that the security and storage industries that it targets are
Symantec (SYMC) used a combination of its restructuring efforts and an extra week in the quarter to post fiscal Q1 earnings late Wednesday that beat analyst expectations. Symantec stock was up 1% in early afternoon trading in the stock market today, near 24. Earlier, Symantec stock rose as much as 6.8%, to a nearly 10-month high. For the quarter ended July 4, Symantec reported earnings per share minus items of 45 cents, up 1 cent from the
Symantec (SYMC) stock rose more than 3% on the stock market today as investors digested a mixed quarterly report from late Thursday containing some ambitious 2015 guidance that led to cautious optimism. The company’s stock had previously been down 15% for the year to date. The tech security giant, in mid-overhaul and with a new interim CEO since March, delivered Q4 fiscal 2014 revenue and bookings roughly in line with estimates, while margins and