Good news for SYMC

Article Excerpt

SYMANTEC CORP. $32.15 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527- 8000; www.symantec.com; Shares o/s: 614.5 million; Market cap: $19.8 billion; Divd. yield: 0.9%) jumped in September 2017 after the massive cyberattack at credit scorer Equifax. The hack potentially exposed the personal information of hundreds of millions of U.S. consumers. The Equifax news led to a surge in consumer demand for identify-theft protection service LifeLock. Symantec acquired it early this year. The company also stands to gain from the recent decision by the Trump administration to remove rival Moscow-based Kaspersky Lab from the list of vendors that can supply anti-virus software to the U.S. government. The move was based on security concerns. Symantec is a top pick for 2017. 2017…