SYMC News

NortonLifeLock saw an improvement in its IBD SmartSelect Composite Rating Monday, from 92 to 96. The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.

Accenture said it will acquire Symantec's enterprise cybersecurity services business from Broadcom for an undisclosed sum. Accenture stock fell on the news amid a separate analyst downgrade.

NLOK vs. AAXN: Which Stock Is the Better Value Option?

Vacation day cashouts, merchandise at the company store and home security systems are some of the perks granted to Silicon Valley's highest-paid CEOs.

Hacker prevention software provider CrowdStrike jumps after receiving an upgrade and price-target lift from an analyst at D.A. Davidson.

NortonLifeLock (NLOK) delivered earnings and revenue surprises of 36.84% and 1.29%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

There were 17 $1 billion-plus tech acquisitions announced this year that involved Bay Area tech companies. They are detailed in the accompanying photo gallery.

Broadcom's recent acquisition led to a breakout above a new buy point, but is AVGO stock a buy in the current stock market?

Ladies and gentlemen, thank you for standing by, and welcome to the NortonLifeLock Fourth Quarter Fiscal Year 2020 Earnings Conference Call. Speakers on today's call are Vincent Pilette, NortonLifeLock's CEO; Samir Kapuria, President; and Matt Brown, Interim CFO. As a reminder, in connection with the sale of certain assets of our Enterprise Security business to Broadcom on November 4, 2019, we changed our corporate name from Symantec to NortonLifeLock.

Moody's Investors Service ("Moody's") assigned a Baa3 rating to NortonLifeLock Inc.'s senior secured debt facility. Moody's also affirmed the company's Ba2 Corporate Family Rating (CFR) and its Ba3 senior unsecured debt rating. The senior secured credit facility is comprised of a $500 million term loan, a $750 million delayed draw term loan and a $1 billion revolving credit facility.

Broadcom expects fiscal 2020 to be a good year for networking and RF chip sales. But it forecasts a major drop in its "mixed-signal custom" wireless chip sales to Apple.

Broadcom's (AVGO) fiscal first-quarter results reflect strength in infrastructure software segment amid softness in semiconductor vertical on sluggish demand for wireless products.

NortonLifeLock will kick off 2020 by jettisoning 55 workers in San Francisco and another 55 workers in Mountain View, according to documents filed with California regulators. NortonLifeLock (NASDAQ: NLOK) has seen a lot of employee turnover and changes in recent months. The cybersecurity company, formerly known as Symantec, emerged from Symantec’s November sale of its enterprise business to Broadcom Inc. (NASDAQ: AVGO), which also assumed rights to the Symantec name.

NortonLifeLock (NLOK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. Two Huawei packing lists, dated December 2010, included computer equipment made by Hewlett-Packard Co and destined for the Iranian carrier, internal Huawei documents reviewed by Reuters show. The packing lists and other internal documents, reported here for the first time, provide the strongest documentary evidence to date of Huawei’s involvement in alleged trade sanctions violations.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of NortonLifeLock Inc. New York, March 05, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of NortonLifeLock Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

The fast-paced Lightning Round segment of the popular Mad Money program is where callers get a chance to quiz host Jim Cramer about stocks they are interested in. "I think this is an undervalued stock and I like it very much," replied Cramer. In this daily bar chart of NLOK, below, we can see that the stock was crushed in early February with a huge downside price gap.

Shares of the semiconductor Broadcom popped after Morgan Stanley upgraded the company to ‘overweight’ and named them top pick. Yahoo Finance’s Dan Roberts, Kristin Myers and Anjalee Khemlani discuss on YFi AM.

Tech consultant Accenture, in latest security-related deal, agrees to buy the Symantec cybersecurity-services business from Broadcom.

The chip developer and enterprise software vendor is at its lowest levels since July 2018 following its latest earnings report and call.