Tag Archives: symc

$7.5 Bil ‘Attractive Price Tag’ On Veritas: Analyst

Reports by Bloomberg and other news organizations that Symantec (SYMC) is nearing the sale of its Veritas data-storage business has one analyst applauding what he calls a “long-overdue breakup” at an attractive price. Bloomberg reported Tuesday that Symantec is nearing a deal to sell its Veritas data-storage business to private equity firm The Carlyle Group (CG) for $7 billion to $8 billion, citing “people with knowledge of the matter.” “Symantec,

Symantec Transition ‘Like Turning A Battleship’

Symantec (SYMC) showed signs of progress in its transition despite a fiscal Q4 miss late Thursday, but the company has a long ways to go, analysts said in research reports Friday. Analysts cited progress in sales growth and profit margins as Symantec gets ready to split into two publicly traded companies. “With Symantec in transition and with separation pending, fiscal Q4 constant-currency growth was lackluster, which was roughly in line with

Symantec Fiscal Q4 Earnings, Q1 Outlook Lag Estimates

Security software maker Symantec (SYMC), which is preparing to split into two companies, late Thursday reported fiscal Q4 revenue and earnings that slightly missed analyst expectations, as did its outlook for the current quarter. The company, however, is headed in the right direction, Symantec CEO Michael Brown told IBD in a short interview after earnings were released. If adjusted for currency headwinds, Q4 revenue rose slightly, marking its