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Last $23.25 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

symantec corp (SYMC) Key Developments

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.

Symantec Mulls Acquisitions

Mike Brown, Chief Executive officer of Symantec Corporation (NasdaqGS:SYMC) said, "You will see us to be more aggressive on the M&A space in the near-term."

Symantec To List Veritas In January 2016

Symantec Corporation (NasdaqGS:SYMC) intends to float Veritas Technologies Corporation in January 2016, Chief Financial Officer Thomas Seifert told news agency DPA.

 

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Industry Analysis

SYMC

Industry Average

Valuation SYMC Industry Range
Price/Earnings 18.4x
Price/Sales 2.4x
Price/Book 2.7x
Price/Cash Flow 15.3x
TEV/Sales 1.5x
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