Estimates are rising for this cyber security company, and the valuation remains attractive.
Symantec (SYMC)
From Sound Advice
Symantec (SYMC) is a turnaround situation, fueled by the disposition of under-performing past acquisitions and making new ones, particularly LifeLock and Blue Coat. Management’s focus is to perpetuate and integrate the synergies of these new acquisitions into Symantec’s operations.
LifeLock’s identity theft solutions add new growth dimension to SYMC because consumers pay two to three times more for identity protection than for endpoint malware protection.
SYMC is the world’s leading cyber security company offering organizations strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud, and infrastructure. Symantec operates one of the world’s largest civilian cyber intelligence networks, allowing it to see and protect against the most advanced threats.
If there ever was a more certain growth industry, protection from cyber espionage is it.
Gray Cardiff, Sound Advice, www.soundadvice-newsletter.com, 800-825-7007, June 30, 2017