New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2014
06:40 EDTSYMCSymantec negatives priced into shares, says Citigroup
Citigroup says that while Symantec's CEO change increases the chances for further set-backs, the negatives are priced into the stock at current levels. Citi calls shares "cheap" and says investor sentiment is the "worst" among the Software names it covers. The firm keeps a Buy rating on Symantec with a $28 price target. Shares of Symantec were downgraded this morning at Baird and Jefferies after the company announced it terminated its CEO.
News For SYMC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 26, 2015
14:04 EDTSYMCSymantec sale of Veritas business has slowed, dealReporter says
Subscribe for More Information
June 24, 2015
12:06 EDTSYMCU.S. data hack larger than previously disclosed, WSJ reports
Office of Personnel Management Director Katherine Archuleta said in a statement today to the House Oversight Committee that her agency is investigating whether up to 18M unique Social Security numbers were stolen as part of the previously disclosed cyberattack, Wall Street Journal reports. The hack is being defined as two distinct breaches, and the larger than previously thought numbers are preliminary and not verified, the Journal adds. Publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
June 22, 2015
10:19 EDTSYMCAnalyst says get more selective on cybersecurity stocks
Subscribe for More Information
10:00 EDTSYMCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
05:48 EDTSYMCSymantec downgraded to Sell from Neutral at UBS
Subscribe for More Information
05:45 EDTSYMCFireEye downgraded to Neutral from Buy at UBS
UBS analyst Brent Thill downgraded FireEye (FEYE) to Neutral citing the stock's 70% rally year-to-date. Hill, however, raised his price target for name to $55 from $50. Shares of the cybersecurity provider closed Friday down 58c to $53.65. Hill also downgraded Symantec (SYMC) this morning to Sell. In the cybersecurity space, he keeps Buy ratings on Palo Alto Networks (PANW) and Fortinet (FTNT).

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use