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Company Description

Contact Info

350 Ellis Street

Mountain View, CA 94043

United States

Phone: 650-527-8000


Symantec Corporation operates in consumer security and enterprise security business. Segments Consumer Security This segment focuses on making it simple for customers to be productive and protected at home and at work. Its Norton-branded services provide multi-layer security and identity protection on major desktop and mobile operating systems, to defend against increasingly complex online threats to individuals, families, and small businesses. The company’s Norton Security products help customers protect against complex threats and address the need for identity protection, while also managing the increase in mobile and digital data, such as personal financial records, photos, music, and videos. Enterprise Security This segment protects organizations so they could conduct business while leveraging new platforms and data. This segment includes the company’s threat protection products, information protection products, cyber security services, and Website security offerings, previously named trust services. These products and services help the company’s customers secure their information in transit and wherever it resides in the network path, from the user’s device to the data’s resting place. These products protect customer data from threats, such as advanced protection threats, malicious spam and phishing attacks, malware, drive-by Website infections, hackers, and cyber criminals. In addition, these products help to prevent the loss of confidential data by insiders, and help customers achieve and maintain compliance with laws and regulations. The company’s enterprise endpoint security and management offerings support the evolving endpoint. These solutions are delivered through various methods, such as software, appliance, software-as-a-service, and managed services. Sales The company’s go-to-market network includes direct sales forces and e-commerce capabilities, as well as indirect sales resources that support its global partner ecosystem. The company also maintains important relationships with a number of original equipment manufacturers (OEMs), Internet service providers, and retail and online stores through which it markets and sells its products. Consumer: The company sells and markets its consumer products and services to individuals, households and small businesses globally. It also maintains a limited number of partnerships with OEMs globally to distribute its Internet security and online backup offerings. Commercial: The company sells and markets its products and related services to small, medium and large customers through field sales and inside sales forces that leverage indirect sales partners around the world that are specifically trained and certified to sell its solutions. These partners include national solution providers, regional solution providers, national account resellers, global/federal system integrators and managed service providers. The company’s products and services are also available on its e-commerce platform, as well as through authorized distributors and OEMs who incorporate its technologies into their products, bundle its products with their offerings, or serve as authorized resellers of its products. Enterprise: The company sells and markets its products and related services to large enterprises, including government and public sector customers, through its field sales force. Research and development For the fiscal year ended April 1, 2016, the company’s research and development expenses were $748 million. Strategy The company’s security strategy is to deliver a unified security analytics platform that provides big data analytics, utilizes its vast telemetry, provides visibility into real-time global threats, and powers Symantec and third-party security analytics applications; leverage this analytics platform to provide best-in-class consumer and enterprise security products; and offer cyber security services that provide a full-suite of services from monitoring to incident response to threat intelligence, all supported by approximately 500 cyber security experts and 9 global security response centers. Dispositions In January 2016, the company completed the divestiture of Veritas. Trademarks, Patents, Copyrights, and Licenses Symantec and the Symantec logo are trademarks or registered trademarks in the U.S. and other countries. In addition to Symantec and the Symantec logo, the company has used, registered, or applied to register other specific trademarks and service marks to help distinguish its products, technologies, and services from those of its competitors in the U.S. and foreign countries and jurisdictions. The company has approximately 1,700 patents, in addition to foreign patents and pending U.S. and foreign patent applications, which relate to various aspects of its products and technology. Seasonality As is typical for many large technology companies, the company’s business is seasonal. Orders are generally higher in its third and fourth fiscal quarters (year ended April 1, 2016) and lower in its first and second fiscal quarters. Revenue generally reflects similar seasonal patterns but to a lesser extent than orders because revenue is not recognized until an order is shipped or services are performed and other revenue recognition criteria are met, and because a significant portion of its in-period revenue comes from its deferred revenue balance. Competition The company’s primary security competitors are Intel Corporation, Microsoft Corporation (Microsoft), and Trend Micro Inc. For its consumer backup offerings, its primary competitors are Carbonite, Inc. and EMC Corporation. In the Secure Socket Layer Certificate market, the company’s primary competitors are Comodo Group, Inc. and, Inc. In the SaaS security market, its primary competitors are Proofpoint and Microsoft. The company’s primary competitors in the managed security services business are SecureWorks Corporation and IBM Corporation. History Symantec Corporation was founded in 1982.


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Valuation SYMC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.3x
Price/Book 4.1x
Price/Cash Flow 6.0x
TEV/Sales 1.7x

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