The sale is expected to close by Jan. 1. The buyer group includes Singapore's sovereign wealth fund GIC. Symantec also raised its stock buyback program by $1.5 billion. Reuters reported earlier on Tuesday that Symantec would sell Veritas to Carlyle.
Reuters · 8/11/2015
The company also raised its stock repurchase program to $2.6 billion and maintained its dividend at $0.15 per share. Symantec shares surged 7.25 percent to $24.57 in pre-market trading.
Benzinga · ByMonica Gerson · 8/11/2015
Earlier this month, eBay also said it would spin off its PayPal business. Symantec's stock price was up more than 2% in after-hours trading following the announcement.
Mashable · ByTodd Wasserman · 10/9/2014
Symantec’s revenues contracted across the board in the second quarter as the company’s focus turned to the ongoing transitional activities. The weakened performance of each of its three business segments was exacerbated by currency headwinds ...
Trefis · 11/6/2015
Most people are familiar with Symantec through its ubiquitous Norton Anti-Virus program. The company specializes in firewall protection, anti-virus, storage, back up, and SSL certificate authentication for a variety of users around the world. The stock ...
Investopedia · 5/28/2015
Gemalto’s 14-day RSI suggests that the stock is oversold. Symantec, Gemalto’s peer, constitutes 0.08% of the SPDR S&P 500 ETF (SPY) and 0.29% of the PowerShares QQQ ETF (QQQ).
Market Realist · 9/21/2015
Symantec Corp., the company synonymous with antivirus software, is slimming down to focus on security tools that hackers can’t so easily defeat. The company said Tuesday it had agreed to sell its Veritas data-storage and recovery business to investors ...
Wall Street Journal · ByDanny Yadron ,Chelsey Dulaney andChelsey.dulaney · 8/11/2015
While it will pay off shareholders, the transaction, nonetheless, is a major markdown from Symantec's all-stock purchase of Veritas for $13.5 billion in 2005. At the time of the merger in mid-2005, Symantec-Veritas became the fourth-largest software ...
eWeek · ByChris Preimesberger · 8/11/2015
Stock market overview: U.S. stock futures are looking a bit ... Shares in American Express (AXP) and Symantec (SYMC) are dipping by about 2% in extended trading, which shares in PayPal (PYPL, Tech30) are edging higher. 4. Autos in focus: The United …
CNN Money · 10/26/2015
Third, Bennett announced a dividend that will reduce the operating capital available to the company but increase the value of the stock to those that needed regular income from it. Finally, in a move reminiscent of GE, Symantec will shift to a product ...
CIO · ByRob Enderle · 1/26/2013


Symantec Corporation is an American technology company headquartered in Mountain View, California, United States. The company produces s…
Symantec Corporation is an American technology company headquartered in Mountain View, California, United States. The company produces software for security, storage, backup and availability - and offers professional services to support its software. Netcraft asseses Symantec as the most-used certification authority. Symantec is a Fortune 500 company and a member of the S&P 500 stock-market index.
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