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Last $22.74 USD
Change Today -0.05 / -0.22%
Volume 3.1M
SYMC On Other Exchanges
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As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

symantec corp (SYMC) Key Developments

Veritas Technologies Corporation and Symantec Corporation Announce New Offers for Enterprise Datacenters

Veritas Technologies Corporation and Symantec Corporation have announced new offerings for enterprise datacenters and upgrades to its core portfolio of backup and information management products. Enhancements to current products enable simpler management in hybrid cloud infrastructures and extended protection for VMware and Microsoft virtual environments. Veritas is also introducing new products that enable businesses to delve deep into their data stores to recognize and prioritize information across their organizations. Veritas also offers management tools that help companies find the estimated 1.5% of truly valuable data in their organization to glean information, regardless of underlying infrastructure models. Key product updates and new releases include: Veritas NetBackup 7.7, Veritas InfoScale, Veritas Resiliency Platform, Veritas Data Insight 5.0 and Veritas Information Map. Veritas NetBackup 7.7, the latest iteration of Symantec's, enterprise-grade backup solution adds new functionality and increased performance to support the largest, most dynamic enterprise environments. NetBackup 7.7 introduces enhanced datacenter integration for VMware vSphere 6 and Microsoft Hyper-V, as well as support for hybrid-cloud deployments leveraging Amazon Web Services, Google Nearline and many more. Cloud performance has also been improved and is up to thirty times faster than previous versions. A single solution for the entire enterprise, NetBackup 7.7 empowers IT organizations to reduce complexity and outpace relentless datacenter growth. Veritas InfoScale addresses enterprise business continuity needs for complex, multi-tiered applications in physical and virtual environments. InfoScale solutions provide application availability and software-defined storage to meet datacenter challenges such as operational complexity, tool proliferation, unpredictable service levels and lack of agility through a single, web-based management interface. InfoScale is available via a new, streamlined purchasing model. Veritas Resiliency Platform offers a unified, global approach for IT service continuity, helping to ensure critical data and applications remain accessible at all times across complex, multi-vendor physical and virtual environments. Available now, the Resiliency Platform helps customers ensure critical business applications consistently meet stringent Service Level Agreements. The solution brings visibility, simplicity and automation to service continuity, restoring predictability across enterprise IT business services. Veritas Data Insight 5.0 will extend unstructured data analytics to support governance across on-premises storage platforms and Box cloud storage. Through enhanced access control tracking and entitlements orchestration, Data Insight will help ensure file share security. By applying a user-centric lens to data forensics, Data Insight offers business users the ability to monitor anomalous user activity and behavior. Coming later this summer, Data Insight version 5.0 will continue to expand the application of data analytics to facilitate retention management, achieve access compliance, and gain a better understanding of how user risk relates to data sensitivity. Veritas Information Map is the first cloud application built on the Information Fabric technology that will enable companies to gain better visibility into their unstructured data. Information Map will easily glean metadata from Veritas NetBackup, store it in the cloud and present this data in a user-friendly, visual navigation tool that helps identify areas of risk, areas of value and areas of waste across a customer's primary content repositories. Coming later this summer, the Information Map will help businesses make decisions that reduce information risk and optimize information storage.

Carlyle Group Reportedly Mulls Acquisition Of Veritas Data-Storage Business From Symantec

The Carlyle Group LP (NasdaqGS:CG) reportedly is seeking acquisition of Veritas Technologies Corporation data-storage business from Symantec Corporation (NasdaqGS:SYMC). Symantec Corp. is nearing a deal to sell its Veritas data-storage business to Carlyle Group LP for $7 billion to $8 billion, people with knowledge of the matter said. Symantec, which has been shopping the unit for several months, is still negotiating the terms of a possible transaction, said the people, who asked not to be identified discussing private information. No agreement has been reached and talks could still falter. Kristen Batch, a spokeswoman for Symantec, declined to comment, as did Randall Whitestone, a spokesman for Carlyle.

Update On Symantec Sale Of Veritas

Symantec Corporation (NasdaqGS:SYMC) sale of Veritas Technologies Corporation appears to have slowed down and there has been little progress from two private suitors interested in buying the Veritas business.

Symantec Corporation Announces Data Loss Prevention 14

Symantec Corporation announced the new Data Loss Prevention 14. Symantec DLP 14 now supports Microsoft Office 365 for companies who are using it for cloud-based email. For current Symantec DLP customers this means they can now apply the same information protection policies they use on-prem or in the cloud. Symantec DLP for Box gives deep visibility into the sensitive files that businesses collaborate on in Box. Symantec DLP for Box seamlessly integrates with the Box platform to monitor employee accounts, offering deep analysis into what information is considered sensitive, how this information is being used and with whom it's being shared. Additionally, when sensitive files are detected, Symantec DLP for Box places visual tags on the content and allows users to self-remediate the files directly within Box. Symantec DLP 14's endpoint agent also enables the protection of sensitive information for users of personal Cloud File Sync & Share. Symantec DLP can monitor and prevent users from syncing sensitive work files from their desktop to their personal accounts from cloud services like Box, Microsoft OneDrive, iCloud, Google Drive and Dropbox, and even email services such as Gmail.

Symantec to Cut 175 Jobs at Springfield Customer-Service Site

Symantec is eliminating 175 jobs at its big customer service center in Springfield. The work is going to facilities in other parts of the country and overseas.

 

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Industry Analysis

SYMC

Industry Average

Valuation SYMC Industry Range
Price/Earnings 18.0x
Price/Sales 2.4x
Price/Book 2.6x
Price/Cash Flow 14.9x
TEV/Sales 1.5x
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