Deal to spur R&D

Article Excerpt

SYMANTEC CORP. $27.91 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000; www.symantec.com; Shares outstanding: 620.0 million; Market cap: $17.3 billion; Dividend yield: 1.1%) sells computer-security technology, including antivirus and email-filtering software, to businesses and consumers. Symantec has now formed a partnership with NTT Security. That company is part of NTT Group of Japan (Nippon Telegraph and Telephone Corporation). It’s one of the largest telecommunications companies in the world. The venture will pair the threat detection and advanced analytics capabilities of NTT Security with Symantec’s Internet-based security services and technologies as well as key elements of its Cyber Defense Platform. The two firms will selectively combine those research and development resources to bolster web-security services for customers who store data on remote servers and run on-premises computer networks. Symantec is a top pick for 2018. 2018…