Symantec Corporation (SYMC)

$SYMC Tried to short 22.86; NOPE'd outta that real quick.

I can safely say I have no idea what this will do next.

Taking my losses and looking for something more predictable.

$SYMC Ouch. Brutal take-down today. I am now a bag holder.

On the plus side: I am now baking sriracha garlic chicken.

¯\_(o_o)_/¯

LIFELOCK NORTON NEXT FOR SALE

I THINK STARBOARD VALUE HEDGE FUND WILL TRY AND SELL LIFELOCK/NORTON NEXT

QUICKER WAY TO PROFIT ABOVE 27.50 BROADCOM OFFER

$SYMC 6,786,822 traded in last 1/2hr. of the day between 22.84 and 23.05 to close at 23.

I guess I can hold a little longer...

Could be 24 soon.

$SYMC early morning buyers now banking profits. Re-entry will occur next. SYMC should see 24 before EOD

I feel like the other half of the company not for sale worth maybe $9 plus $12 special divy gives you $21... I think under $21 is where the buyers are

$SYMC 23's coming up soon. I should have waited to buy but, impatience is one of my character flaws.

Now I have to wait another hour to make profit on this.

Harumph.

I’m watching for re entry

$SYMC still holding. I would never sell for a loss in the first 30 minutes of the day. This will turn up soon.

I seen this coming

$SYMC I'm holding mine, someone just grabbed 11,100 at 23.75. I'm green for now.

I’m out, I expect a drop tomorrow to below $21

$SYMC going higher AH after 10.7 billion deal announced.

.....

$SYMC - THE BIG REVERSAL IS NOT COMPLETE, EASY LONG TRADE

*************WE HAD A SHORT POSITION PRE EARNINGS THAT WORKED OUT WELL, BUT THAT SELLING WAS OVERDONE ON ALGO'S AND STOP LOSSES HIT. THE STOCK FOUND PERFECT SUPPORT AND THE BOTTOM FEEDERS STEPPING IN FOR A BARGAIN. we see the price continue positively to fill the gap above.

BEARISH INTO EARNINGS. DECLINE IN REVENUE EXPECTED.

Symantec had a 40% gain from the December lows and has now started to reverse on decent volume . Earnings approach with little optimism as revenue is expected to have declined. From a charting perspective the RSI has had a drastic correction and is approaching oversold territory,we are of the opinion that the gap to $21 will be filled at a minimum, so we will be short, but with a tight stop loss in place.

good point

Nice gap lol

SYMC

Working buyer TLTB.

We get good news today regarding Norton and the stock price goes down.

very nice ...CONGRAT$

Cool. Good work. +$$$

The June 15 long call vertical that's long the $22 Call and short the $23 call has a max profit of $53 and max loss of $47, with a 60% probability of hitting 50% of its max profit by expiration. Makes the trade a bit less risky.

My boat is not as big as some others...

but 2K shares is a boatload for me!!

nice buy...what do you consider a "boatload" of shares


1k
10k
50k?

5/25 $22strikes Call made bank today.

Bought a boatload Friday at $19....

NO WAY this company stays 37% down!! Up 2 bucks already. Back to $25 in a few days or a few weeks.

no posts in years SYMC

This Leading Cyber Security Stock Just Had A Failed Breakout

Traders and investors should note that the leading cyber security company Symantec Corp (NASDAQ:SYMC) just staged a failed breakout pattern on the charts. Recently, the stock tried to breakout above the $34.00 level on three separate occasions in September and early October only to fall below the $32.00 support area today. This pattern will usually be followed by more selling in the near term. Traders must now watch the 200-day moving average for short-term daily chart support. The better and stronger chart support area will be around the $27.50 level. This area was prior chart support in July and August 2017.



Nicholas Santiago
InTheMoneyStocks

Then the LifeLock acquisition certainly makes sense....

Timing is everything.



Blessings to All

TRUTH

Symantec is old news. They've been tapped to protect information and keep failing. Their technology is old. Check MGT for real time anti hack

SYMC bullish 20.42

Symantec acquires web security firm Blue Coat


Mike Snider, USA TODAY 8:39 a.m. EDT June 13, 2016

http://www.usatoday.com/story/tech/news/2016/06/13/symantec-acquires-web-security-firm-blue-coat/85818900/



(Photo: Michele Tantussi, Bloomberg)

Computer security software company Symantec is bolstering its web protection portfolio with the acquisition of Web security firm Blue Coat.

Mountain View, Calif.-based Symantec will acquire Blue Coat for about $4.6 billion in cash, the two companies announced Monday. Both boards of directors have approved the deal, which is expected to close in the third quarter of 2016.

Blue Coat CEO Greg Clark will become CEO of Symantec and join the board when the deal closes. Symantec has had some CEO issues in recent years. It fired CEO Steve Bennett in March 2014 and subsequent CEO Michael Brown stepped down in April.

“With this transaction, we will have the scale, portfolio and resources necessary to usher in a new era of innovation designed to help protect large customers and individual consumers against insider threats and sophisticated cybercriminals,” said Symantec Chairman Dan Schulman said in a statement. "In addition to a proven track record of delivering scale and profitable growth, Greg brings significant leadership experience, deep security expertise and a history of successfully integrating companies into a single portfolio; he is the right person to lead Symantec as we advance our position as the leader in cybersecurity.

The Sunnyvale, Calif. Blue Coat had filed for its own initial public offering earlier this month. The company generated revenue of $598 million in its fiscal year ending April 30, 2016.

Symantec's (SYMC) Blue Coat Deal Looks Tentatively Good, but Some Risks Remain - BTIG



BTIG affirms Symantec (NASDAQ: SYMC) with a Neutral rating after the company announced entering an agreement to acquire Blue Coat for about $4.65 billion.

Analyst Joel Fishbein commented Monday: The deal brings immediate benefits for SYMC: 1) increased enterprise security exposure, as pro forma enterprise security revenues increase to 62% of the base (vs. ~54% as of F16); 2) better focus on highergrowth security segments (Gartner estimates that 85% of large enterprises will be using cloud access security brokers, vs. <5% today); 3) significant accretion, as FY18 EPS is expected to jump to $1.70-$1.80 vs. $1.37 prior (+28%); and 4) a new CEO in Greg Clark with a deep software background and proven track record of turning around and growing an enterprise-focused security company.

At the surface, the transformative deal looks like a good one. However, there are obvious risks around a transaction of this size, notably the product and sales integration required, and if this can truly position SYMC to achieve its goal of being the leading enterprise cyber security company

96% of the float is institutionally held

Of course it did. Don't they all?

Upgraded today, btw.

http://www.bloomberg.com/news/articles/2016-03-11/symantec-jumps-on-rbc-upgrade-as-security-products-demand-rises?cmpid=yhoo.headline


Symantec Jumps on RBC Upgrade as Security Products Demand Rises

by
Aleksandra Gjorgievska

March 11, 2016 — 8:09 AM MST



Symantec Corp. shares jumped Friday after RBC Capital Markets Corp. upgraded the company to buy from neutral amid growing demand for security products.

The stock rose 3.7 percent to $18.35 at the market open in New York. The shares had fallen 25 percent in the past year.

Symantec, which makes cybersecurity software, is a “value stock that doesn’t have to get a lot right for shares to move higher,” RBC analyst Matthew Hedberg wrote in a note. RBC’s price target of $23 is unchanged.




Low investor expectations, the opportunity to cross-sell new products and automatic renewals that may slow declines in the consumer security business are among the reasons for the upgrade, according to the note. The demand for security products is rising as large companies seek to protect data on more devices, Hedberg wrote.

Mountain View, California-based Symantec’s new Advanced Threat Protection software provides the company with its biggest revenue opportunity this year and next, Chief Financial Officer Thomas Seifert said in an interview in Berlin Friday. The company is on the lookout for acquisitions to gain additional technology and accelerate its unified security strategy, Seifert said.

“With what seems like hundreds of vendors focused on end-point security, we think Symantec has a seat at the table with a large customer base and could become a consolidation play as Intel/McAfee struggles,” Hedberg wrote in the note.

Somebody unloaded big time EOD

Yup. Any long that bought in the $19-$20.50 range prior to the ex-date of the quarterly divvy in February and held through now is nicely in the green when you factor in the $4.15 of divvy payments coming in the next 2 weeks.

lol... Yeah, I was a bit spooked when I woke up this am and yahoo finance showed premarket down another 19%


This thing will be back to $20 within 2 weeks

Looking good ...

Not sure what to make of Symantec. At first I thought it took a $4.00 drubbing but now it appears it was a reset after the $4.00 dividend??

damn, John.. we seem to play the same tickers. I thought you were a one-trick pony with silver... i was wrong.

I got this one at 16.64. Was still researching it as it climbed back from lows.

Hoping to recover that $4 in short time.

bailed on rxmd. Looking for lower entry.

Symantec CEO Weighs In on the Encryption Debate

http://bloom.bg/1TNw5sa

Bloomberg

$SYMC looking great

Great entry point. Congrats! The $4 per share dividend doesn't hurt either. $5b back to shareholders; $5b to M&A /R&D...watch out world, here we come! Nobody comes close.

I am in ...

$$ SYMC Video Chart 2016-02-08 $$

SYMC Potential Buy Alert

It would be most tragic if Symantec was to split into two companies and not realize the fantastic opportunity before them. They are the ONLY company in the industry that could realize their full potential to offer their customers with TOTAL solutions across their information management, information security, user protection and productivity products and services. With the right focus, Symantec could dazzle the world to create something much greater than anything that exists today.

Let's finish what we started by bridging gaps - not by creating chasms. Lets increase shareholder value by dazzling our customers!

It would be most tragic if Symantec was to split into two companies and not realize the fantastic opportunity before them. They are the ONLY company in the industry that could realize their full potential to offer their customers with TOTAL solutions across their information management, information security, user protection and productivity products and services. With the right focus, Symantec could dazzle the world to create something much greater than anything that exists today - but they must remain whole.

Let's finish what we started by bridging gaps - not by creating chasms. Lets increase shareholder value by delighting our customers!

Go SYMC!

Symantec in talks of breaking up the company:
http://ditrli.com/symantec-symc-company-in-talks-of-possible-breakup/