Symantec teams up with NTT

Article Excerpt

SYMANTEC CORP. $28 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 621.5 million; Market cap: $17.4 billion; Price-to-sales ratio: 3.7; Dividend yield: 1.1%; TSINetwork Rating: Average; www.symantec.com) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers. Symantec has formed a partnership with the security division of NTT Group of Japan (Nippon Telegraph and Telephone Corporation), one of the largest telecommunications companies in the world. The venture will pair NTT Security’s threat detection and advanced analytics capabilities with Symantec’s Cloud-Delivered Web Security Services. The deal will let the two companies combine their research resources to bolster web-security services for those customers storing data on remote servers and running on-premises computer networks. Symantec is a buy. buy…