Credit Suisse Downgrades Symantec (SYMC) to Neutral (Earlier)
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August 11, 2015 2:38 PM EDT
Citi downgraded Symantec (NASDAQ: SYMC) from Buy to Neutral.
For an analyst ratings summary and ratings history on Symantec click here. For more ratings news on Symantec click here.
Shares of Symantec closed at $22.91 yesterday.
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August 11, 2015 7:06 AM EDT
Symantec (NASDAQ: SYMC) reported Q1 EPS of $0.40, $0.03 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.53 billion.
Symantec sees Q2 2016 EPS of $0.40-$0.43, versus the consensus of $0.45. Symantec sees Q2 2016 revenue of $1.485-1.525... More
August 11, 2015 6:55 AM EDT
Symantec (NASDAQ: SYMC) trading halted with news pending.
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August 11, 2015 6:50 AM EDT
(Updated - August 11, 2015 6:59 AM EDT)
Symantec (Nasdaq: SYMC) announced that it has entered into a definitive agreement to sell its information management business, known as Veritas, to an investor group led by The Carlyle Group (Nasdaq: CG) together with GIC, Singapores sovereign wealth fund, and other expected co-investors for $8 billion in cash. The transaction, which was unanimously approved by Symantec's Board of Directors, is expected to close by January 1, 2016.
Upon closing of the transaction, Symantec expects to receive approximately $6.3 billion in net cash proceeds, subject to certain customary... More
