$SYMC (Symantec Corporation)

$SYMC {{ '2016-03-22T12:10:15+0000' | timeago}} • Announcement

Cybersecurity company $SYMC has announced the next phase of its $5.5Bil capital return program by launching a $1Bil accelerated share repurchase (ASR) transaction. This transaction is the first in a series of buyback transactions totaling $2.3Bil that $SYMC Board is committed to executing between March 2016 and March 2017.

$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.

$SYMC {{ '2017-05-10T22:13:31+0000' | timeago}} • Webcast

$SYMC expects its renewal rates on endpoint to increase. The company is also delivering other significant endpoint technologies. $SYMC has a future release coming up in 2017 in endpoint integrated tightly with its proxy technology that help in responding and detecting problems. $SYMC also has cross-sell opportunities for endpoint DLP.

$SYMC {{ '2017-05-10T20:40:06+0000' | timeago}} • Infographic

$SYMC Symantec Corporation Earnings AlphaGraphics: Q4 2017 highlights

$SYMC {{ '2017-05-10T20:32:43+0000' | timeago}} • Announcement

$SYMC BoD has declared a quarterly cash dividend of $0.075 per common share to be paid on June 21, 2017, to all shareholders as on June 7, 2017.

$SYMC {{ '2017-05-10T20:29:45+0000' | timeago}} • Announcement

For 1Q18, $SYMC expects revenue in the range of $.133-1.163Bil and loss per share of $0.25-0.21. Adjusted EPS is expected to be between $0.28 and $0.32. For FY18, revenue is seen in the range of $4.97-5.07Bil and EPS of $0.03-0.13. Excluding items, it expects EPS to be between $1.75 and $1.85.

$SYMC {{ '2017-05-10T20:23:36+0000' | timeago}} • Announcement

Software company $SYMC swung to a loss in 4Q17 from a profit in the year-over period. Net loss was $143MM, or $0.23 per share, compared to net income of $2.04Bil, or $3.15 per share in 4Q16. Adjusting for special charges, $SYMC earned $0.28 per share. Revenue for the quarter jumped 29% to $1.11Bil.

$SYMC {{ '2017-05-02T14:59:08+0000' | timeago}} • Announcement

$SYMC has named Fredrik Torstensson as its new SVP of global sales and field marketing for the consumer business. Prior to joining Symantec, Torstensson was the SVP of global sales at Wacom.

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