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Symantec Corporation stock price
Symantec Corporation latest news:
Symantec halts NRA discounts for identity theft product
Feb 23 (Reuters) - Symantec Corp said on Friday
it has stopped a program with the National Rifle Association
that offered discounts for its LifeLock identity theft product.
Symantec's revenue misses estimates as enterprise segment sales fall
Symantec Corp's(SYMC) quarterly revenue missed estimates, hurt by lower sales at its enterprise security division, and the company lowered its profit and revenue forecast for 2018. Symantec's (SYMC) shares fell 4.9 percent to $25.90 in after-hours trading on Wednesday.
Symantec shares down 5% on lower FY 2018 guidance, quarterly miss
Shares of Symantec Corp. fell nearly 5% late Wednesday after the cybersecurity software maker reported fiscal 2018 third-quarter revenue below expectations and called for much lower per-share earnings and sales for the fiscal year. Symantec said it earned $1.3 billion, or $2.01 a share, in the quarter, compared with 7 cents a share a year ago. Adjusted for one-time items, Symantec earned 49 cents in the quarter, compared with 32 cents a year ago. Sales rose to $1.2 billion, compared with $1 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 44 cents a share on sales of $1.3 billion. Symantec said it expects adjusted earnings between 37 cents a share and 41 cents a share on revenue between $1.16 billion and $1.19 billion for fiscal 2018. The analysts surveyed by FactSet expect adjusted earnings of $1.68 a share for the fiscal year on sales of $5 billion. Shares ended the regular trading day up 2.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Symantec's revenue jumps 16 percent
Symantec Corp's(SYMC) quarterly revenue rose 16 percent, helped by strong demand for its cyber-security software. The maker of Norton antivirus said on Wednesday its net income rose to $1.34 billion or $2.01 per share in the third quarter ended Dec. 29 from $46 million or 7 cents per share, a year earlier.
Tech shares rally on first trading day of 2018 led by chips, software
Tech shares rallied on the first day of trading in 2018 Tuesday with shares of chipmakers and software publishers leading the charge. The tech-heavy Nasdaq Composite Index rose 1.3%, outpacing the 0.6% gain on the S&P 500 Index and the 0.2% rise in the Dow Jones Industrial Average . The PHLX Semiconductor Index rallied 2.1%, led by a 6.4% jump in shares of Advanced Micro Devices Inc. and a 4.8% surge in Micron Technology Inc. shares. Other chipmakers with notable gains were Nvidia Corp. , up 2.1%, Broadcom Ltd. , up 3.3%, and Teradyne Inc. , up 5.1%. Notable software gains included Electronic Arts Inc. , up 4%, Symantec Corp. , up 2.7%, and Salesforce.com Inc. , up 2.2%. Other big tech movers included Netflix Inc. , up 5%, and Alibaba Group Holding Inc. , up 5.8%, while shares of Facebook Inc. rose 2.7%, and shares of Alphabet Inc. and Apple Inc. were up nearly 2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Why Symantec Stock Fell 10.9% in November
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