We still like Symantec

Article Excerpt

SYMANTEC CORP. $22.35 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares outstanding: 621.5 million; Market cap: $13.9 billion; Dividend yield: 1.3%) dropped to as low as $18.85 recently after the company unexpectedly said it was looking into some financial issues. This could include certain reporting measures that impact executive compensation programs. However, Symantec did say subsequently that it does not expect the internal accounting probe to have a material impact on its past financial statements, The stock has moved up somewhat since then. The very limited release of details about Symantec’s internal investigation so far—or the nature of the concerns—undoubtedly contributed to the share price drop. But, while these types of probes typically result in a tightening of internal controls, Symantec’s underlying business remains very strong. Symantec is a top pick for 2018. 2018…