$SYMC (Symantec Corporation)

$SYMC {{ '2016-08-05T08:07:57+0000' | timeago}} • Webcast

For FY17, $SYMC expects revenue to be up 11-13% to $4.040-4.120Bil and operating margin to be 26-28%. EPS is expected to be $1.08-1.14 with tax rate of 29% and fully diluted average share count of 616MM. $SYMC plans to enter FY18 with an operating margin of 30%. Company expects EPS of $1.70-1.80 for FY18.

$SYMC {{ '2017-11-07T11:33:19+0000' | timeago}} • Announcement

$SYMC has acquired SurfEasy, Inc., a  Virtual Private Network provider, from Opera Software. SurfEasy will become part of Symantec’s Consumer Business Unit, which includes the Norton and LifeLock brands. Terms of the transaction were not disclosed.

$SYMC {{ '2017-11-01T22:11:52+0000' | timeago}} • Infographic

$SYMC Symantec Corp. Earnings AlphaGraphic: Q2 2018 Highlights

$SYMC {{ '2017-11-01T20:50:07+0000' | timeago}} • Announcement

$SYMC said it is looking for 3Q18 revenues in the range of $1.227Bil and $1.257Bil, and operating margin between -3% and -2%. Non-GAAP earnings per share is forecasted in the $0.42-0.46 range. For fiscal 2018, Symantec estimates revenues to be between $4.877Bil and $4.977Bil. Full year non-GAAP EPS is forecasted in the range of $1.66 to $1.76.

$SYMC {{ '2017-11-01T20:39:07+0000' | timeago}} • Announcement

$SYMC, which provides cyber security services, reported improved financial results for 2Q18, when the company's net loss narrowed sharply to $12MM from $144MM last year. Revenues climbed 27% YoY to $1.2Bil, helped by strong demand for security products across the board. On a non-GAAP basis, Symantec posted a profit of $268MM, up 40% from last year.

$MSFT {{ '2017-10-16T18:42:34+0000' | timeago}} • Announcement

$MSFT reported that $SYMC will use Microsoft Azure to help more than 50MM customers who use Symantec's Norton consumer products. Symantec had developed new cloud services and migrated them to Azure. Also, Symantec will bring its e-commerce system to Azure and plans to use the Microsoft Cloud for its key internal IT services.

$MSFT {{ '2017-10-16T14:53:20+0000' | timeago}} • Announcement

$MSFT said $SYMC is using the Microsoft Azure cloud to help deliver its Norton consumer products to a global community of more than 50MM people and families. Azure provides $SYMC with a highly reliable, trusted cloud that offers global scale and cost efficiencies.

$SYMC {{ '2017-08-03T16:35:13+0000' | timeago}} • Webcast

$SYMC stated that the DigiCert transaction benefits the growth outlook for the Enterprise business in 2019. The company expects organic revenue growth in high-single to low-double digits for the Enterprise group. The cash proceeds from the deal will be split between domestic and international and the US proceeds can be used for debt reduction.

$SYMC {{ '2017-08-03T16:34:29+0000' | timeago}} • Webcast

$SYMC expects the combined impact of the DigiCert transaction, on a full-year basis, to its FY18 operating income would be a reduction of approx. $235MM, incorporating the combined operating income of the business and stranded costs. Excluding Website Security & PKI products, $SYMC expects FY18 EPS to be about $0.20 lower vs. original guidance.

$SYMC {{ '2017-08-03T16:34:04+0000' | timeago}} • Webcast

For 2Q18, $SYMC expects Enterprise Security segment revenues to increase 15-18% which implies growth, adjusted for acquisitions, of approx. 1% at the midpoint. The company expects Consumer Digital Safety revenue to increase 40-42% which implies growth, adjusted for acquisitions, of flat to up 1%.

$SYMC {{ '2017-08-03T16:33:42+0000' | timeago}} • Webcast

With the Skycure acquisition, $SYMC can provide a comprehensive endpoint security portfolio for mobile devices along with traditional devices like laptops. This is a key differentiator against traditional endpoint and emerging endpoint security vendors who do not protect mobile platforms. Mobile security provides a huge opportunity for $SYMC.

$SYMC {{ '2017-08-03T16:33:16+0000' | timeago}} • Webcast

In 1Q18, $SYMC delivered the first shipments of Norton Core. Core is a secure Wi-Fi router that helps protect home networks from malware using network packet inspection, provides high speeds using an omni-directional antenna, and offers advanced parental controls. All of this is controlled from a mobile app. Pre-orders exceeded expectations.

$SYMC {{ '2017-08-03T16:32:53+0000' | timeago}} • Webcast

$SYMC's advanced endpoint security capabilities proactively protected against both the WannaCry and Petya cyberattacks during 1Q18. $SYMC’s software has blocked more than 1Bil attempted WannaCry attacks to date. By 2017-end, $SYMC will release SEP 14.1, a new release of the flagship Symantec Endpoint Protection product line.

$SYMC {{ '2017-08-03T06:59:58+0000' | timeago}} • Announcement

$SYMC's BoD declared a quarterly cash dividend of $0.075 per common share to be paid on September 13, 2017, to shareholders of record as of August 21, 2017.

$SYMC {{ '2017-08-03T06:59:28+0000' | timeago}} • Announcement

For 2Q18, $SYMC expects revenue to be $1.22-1.25Bil and loss per share to be $0.15-0.11. For FY18, revenue is expected to be $5.03-5.13Bil and EPS is expected to be $0.01-0.11. The guidance for both periods excludes the impact of the pending acquisition of the Website Security and related PKI solutions by DigiCert.

$SYMC {{ '2017-08-03T06:58:58+0000' | timeago}} • Announcement

$SYMC reported a net loss of $133MM or $0.22 per share in 1Q18 compared to a net income of $135MM or $0.22 per share in 1Q17, hurt by higher operating expenses. Adjusted net income was $221MM or $0.33 per share in 1Q18. Revenues increased 33% to $1.17Bil from last year.

$SYMC {{ '2017-08-03T06:56:37+0000' | timeago}} • Announcement

$SYMC has agreed to sell its Website Security and related PKI solutions to DigiCert. $SYMC will receive approx. $950MM in upfront cash proceeds and approx. a 30% stake in the common stock equity of the DigiCert business at the closing of the transaction. The deal is expected to be completed in 3Q18 and the proceeds will be used to repay debt.

$SYMC {{ '2017-08-02T22:11:48+0000' | timeago}} • Infographic

$SYMC Symantec Earnings AlphaGraphic: Q1 2018 highlights

$SYMC {{ '2017-07-11T13:37:46+0000' | timeago}} • Announcement

After snapping up Israeli cybersecurity start-up firm Fireglass last week, $SYMC acquires mobile security vendor Skycure in an undisclosed deal. With this acquisition, Symantec will strengthen its Apple iOS and Android mobile security offerings. The transaction is expected to close in 2Q17.

$SYMC {{ '2017-07-06T13:25:53+0000' | timeago}} • Announcement

Cyber security giant $SYMC has agreed to acquire Israel-based Fireglass, further strengthening the company’s integrated cyber defense platform and extending its Secure Web Gateway and email protection. The transaction is expected to close in the third calendar quarter of 2017. Financial terms of the transaction have not been disclosed.

$SYMC {{ '2017-05-16T11:18:49+0000' | timeago}} • Announcement

$SYMC blocked nearly 22 million WannaCry infection attempts across 300,000 endpoints, providing full protection through advanced exploit protection technology. The WannaCry ransomware attacks targeted and affected users by encrypting data files on infected computers and demanding users pay a $300 ransom in bitcoin to decrypt their files.

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