SYMC draws a bid

SYMANTEC CORP. $22.68 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares o/s: 618.2 million; Market cap: $14.6 billion; Divd. yield: 1.3%) jumped to over $26 on recent reports that it was in advanced talks with a potential buyer, Broadcom Inc. (symbol AVGO on Nasdaq).
It now appears that… Read More

Updating Symantec Corp., Mattel Inc. and Corteva Inc.

SYMANTEC CORP. $20 (Nasdaq symbol SYMC; Manufacturing & Industry sector; Shares outstanding: 618.2 million; Market cap: $13.6 billion; Dividend yield: 1.6%; Takeover Target Rating: Medium; www.symantec.com) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers.
The stock is down 19.3% from its recent peak of $24.77… Read More

Low p/e cuts Symantec’s risk

SYMANTEC CORP. $19 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 618.2 million; Market cap: $11.7 billion; Price-to-sales ratio: 2.5; Dividend yield: 1.6%; TSINetwork Rating: Average; www.symantec.com) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers.
Symantec expects revenue of between… Read More