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Symantec lifts dividend after Q4 in-line with lowered expectations
2019-12-13 09:53:00| Telecompaper Headlines
(Telecompaper) Broadcom, which completed its buy of Symantec for USD 10.7 billion in November, has now increased its quarterly dividend by 23 percent sequentially to USD 3.25, after reporting revenues in line with expectations and record profitability for the full year despite a challenging market backdrop, CEO Hock Tan said. The company had lowered its revenue guidance in June by USD 2 billion on "anticipated headwinds from wireless", and namely on the back of export restrictions to one of the company's largest customers, Huawei. Looking ahead to 2020, it sees revenues going back somewhat to their previous expected levels, to USD 25 billion, plus or minus USD 500 million, up 11 percent from the fiscal year 2019 at the midpoint of guidance. Adjusted EBITDA is expected to expand by over USD 1 billion to USD 13.75 billion, plus or minus USD 250 million.
Tags: expectations
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Broadcom buys Symantec enterprise security business for USD 10.7 billion
2019-08-09 08:48:00| Telecompaper Headlines
(Telecompaper) Broadcom has agreed to acquire the enterprise security business of Symantec for USD 10.7 billion cash. This gives the company rights to the Symantec brand name and a full range of cybersecurity products for the business market. Symantec will continue with its consumer software business under the Norton name.
Tags: business
security
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enterprise
Starboard takes stakes in Symantec, proposes new board members
2018-08-16 10:45:00| Telecompaper Headlines
(Telecompaper) The activist investor Starboard has acquired a stake in Symantec and is seeking to place five of its representatives on the cybersecurity company's 11-person board. Symantec's share price has nearly halved in the past year after it announced accounting problems, and Starboard thinks it can lead a turnaround at the group.
Tags: members
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Symantec Discovers 8 Minecraft Apps Building a Botnet
2017-10-19 17:07:23| PC Magazine Security Product Guide
Up to 2.6 million Android devices have been infected by these eight malicious apps discovered on Google Play.
Tags: building
apps
symantec
discovers
Symantec Norton AntiVirus Basic
2016-08-25 22:02:07| PC Magazine: New Product Reviews
After a few years on hiatus, Symantec's standalone antivirus is back. Norton AntiVirus Basic earns top scores from the independent labs and in our own tests. It's a winner.
Tags: basic
norton
antivirus
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