Takeover interest highlights its value

SYMANTEC CORP. $24 (Nasdaq symbol SYMC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 639.2 million; Market cap: $15.3 billion; Price-to-sales ratio: 3.1; Dividend yield: 1.3%; TSINetwork Rating: Average; www.symantec.com) recently agreed to sell its Enterprise Security business to Broadcom Inc. (Nasdaq symbol AVGO) for $10.7… Read More

SYMC gains new suitors

SYMANTEC CORP. $24.02 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares o/s: 617.5 million; Market cap: $14.9 billion; Divd. yield: 1.3%) recently agreed to sell part of its business to Broadcom Inc. (symbol AVGO on Nasdaq). That firm plans to buy Symantec’s Enterprise Security… Read More

SYMC split unlocks value

SYMANTEC CORP. $23.71 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares o/s: 617.5 million; Market cap: $14.7 billion; Divd. yield: 1.3%) jumped as high as $26.07 in early July 2019 on reports that it was in advanced talks with a potential buyer for the… Read More

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