Symantec Archives - CFO

Broadcom Buys Symantec’s Enterprise Security Business for $10.7B

Broadcom Buys Symantec’s Enterprise Security Business for $10.7B

The deal comes less than a month after a full merger fell apart over price disagreements.

By Lauren Muskett | August 9, 2019

Symantec Beats Earnings Estimates, CFO to Resign

Symantec Beats Earnings Estimates, CFO to Resign

The announcement on Noviello’s departure was made as the company stated it outperformed profit and revenue estimates in the last quarter

By Lauren Muskett | February 1, 2019

Symantec Stock Dives on News of Internal Probe

Financial Performance

Symantec Stock Dives on News of Internal Probe

The cybersecurity firm discloses the audit committee of its board has begun an investigation of "concerns raised by a former employee."

By Matthew Heller | May 14, 2018

Symantec Acquires Israeli Startup Fireglass

Symantec Acquires Israeli Startup Fireglass

Symantec CEO Greg Clark said ‘browser isolation’ will be a core component of cyber defense in the cloud-based world.

By William Sprouse | July 6, 2017

Do You Even Know What Cyber Defense Is?

Corporate Finance

Do You Even Know What Cyber Defense Is?

The defensive posture of many companies is targeted at preventing malware and insider attacks, not cyberattacks.

By Bob Shaker | June 23, 2017

Symantec Bets $2.3B on Identity Theft Protection

Symantec Bets $2.3B on Identity Theft Protection

The maker of Norton antivirus software is acquiring LifeLock in a move to further diversify its computer security offerings.

By Matthew Heller | November 21, 2016

The Business of Cyber Crime

The Business of Cyber Crime

Picture professional hacking outfits where employees work 9 to 5 and have call centers to help them.

By David Katz | November 2, 2016

Symantec Expands to Cloud With Blue Coat Buy

Symantec Expands to Cloud With Blue Coat Buy

The $4.65 billion deal combines Symantec's antivirus software for PCs with Blue Coat's cloud-based cybersecurity offerings.

By Katie Kuehner-Hebert | June 13, 2016

PE Firm Invests $500 Million in Symantec

PE Firm Invests $500 Million in Symantec

Silver Lake has a history of helping to revive technology companies that "have fallen out of favor or stalled for various reasons."

By Katie Kuehner-Hebert | February 5, 2016

Symantec Agrees to Accept $1B Less for Veritas

Symantec Agrees to Accept $1B Less for Veritas

The new agreement will boost the equity portion of the deal to 40% from 33%.

By Matthew Heller | January 21, 2016

Symantec Sells Veritas For $8B

Symantec Sells Veritas For $8B

The computer security company bought Veritas, a storage software firm, in 2005 for $13.5 billion.

By Katie Kuehner-Hebert | August 11, 2015

Symantec Acquires Cyber Security Experts From Boeing

Symantec Acquires Cyber Security Experts From Boeing

Unable to penetrate commercial cyber security markets, Boeing unloads 65 Narus engineers and data scientists.

By Matthew Heller | January 12, 2015

CIOs See Modest Growth in IT Budgets

CIOs See Modest Growth in IT Budgets

Seventy-five percent of chief information officers said increased spending on security was their top priority for 2015.

By Matthew Heller | January 7, 2015

Spin-offs Dent Credit Ratings

Spin-offs Dent Credit Ratings

Shareholders may greet some spin-off transactions warmly, but creditors may see only downside risks.

By Vincent Ryan | October 10, 2014

Did Home Depot’s Outdated Software Help Hackers?

Did Home Depot’s Outdated Software Help Hackers?

Former staffers allege management's aversion to spending money on state-of-the-art security could have been a factor in the recent breach.

By Iris Dorbian | September 16, 2014