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The Company deals in infrastructure software, enabling businesses and consumers to have confidence in a connected world.
2FA will be huge
I work in hosting and their products are falling behind. Tons of turnover, bad sales teams...you name it, I would run
Nasdaq in maximums.
Huge competition, limited growth, lousy products
Security is a greater concern than ever, especially in cloud computing, and SYMC will be right there. They are performing above expectations and will continue to do so.
Symantec's downfall started when they bought Veritas in 2005 and hasn't stopped. In the enterprise side of the business which accounted for the majority of revenue, they keep acquiring companies/new technologies as they have cash but what will keep them from outperforming is the fact that they put management from these smaller acquisitions in charge of senior seasoned Symantec employee's. The result is layoff's off seasoned staff that did not previously work for the newly acquired management. In their main R&D location in the LA area, they keep laying off seasoned, quality employee's and sourcing their work to their office in India which produces inferior products. Their is a talent bleed to McAfee as a result. My money is on McAfee/Intel in the long run.
the mobile platform needs to become more secure and i think these guys could be the one to do it
With competition from MSFT, and it not being needed on tablets, Symantec isn't as useful as it used to be.
intel is taking out mcafee. Symantec has verisign. Long term Symantec should outperform
Undervalued, oversold @ $13.04/share.
SYMC is hurting with the declining euro and global recession. It is very well positioned to profit as companies resume storage and security spending. Symantec is cutting edge in many security technologies (reputation, behavioral heuristics) which is becoming more apparent as threats evolve and the commodity vendors' virus definition-based security show their age.
I am playing the recent hacks that have happened and expect these to continue in the coming years
Strongest player in sector. Long-term high demand for corporate IT support.
Windows 7 and a brand new set of vunerabilities to protect!
I think their business model sucks, because I use AVG anti virus for free and I feel safe...may be appropriate for businesses who are willing to pay, but keeping an eye on it to tailcoat a couple of fund managers... not because of its value vs price but because of possible m&a activity and because of the increased 'cyber security' talks by mr prez and the speculation that comes with it, especially after recent DoS attacks
Symantec Corporation is well bound for earnings growth as data security (and storage) has become more of a priority for consumers, businesses, and countries. SYMC's past M&A has put pressure on their ROE and some of their operating margins, but I expect the synergies to pay off long term. In addition, I think they should be trading at about $20/share - nice margin of safety as of right now.
Best SW for protection, less travel and vacation, more internet browsing, and more viruses. Symantec is the one to own.
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