Symantec Corp., the largest maker of computer-security software, forecast higher profit and sales than analysts predicted as businesses boost spending to defend their systems amid a recent spate of threats.
Symantec Corp. is hiring JPMorgan Chase & Co. to explore its options and defend itself from activist shareholders, according to people with knowledge of the situation, as the security-technology company faces investor pressure to improve its business.
Symantec Corp ., the world’s largest security-software maker, forecast higher revenue than analysts predicted, bolstered by demand for data backup cloud-computing programs, and the effect of a weaker dollar on overseas sales.
Symantec Corp. fired President and Chief Executive Officer Steve Bennett after less than two years on the job, as the biggest maker of security software for personal computers struggles with a shift to mobile devices.
The Standard & Poor’s 500 Index erased gains in the final hour of trading as a rally in bank and industrial shares wasn’t enough to overcome disappointing results at Apple Inc. and an unexpected drop in new home sales.
Symantec Corp., the biggest maker of computer-security software, is replacing its technology chief with a Microsoft Corp. veteran as Chief Executive Officer Steve Bennett seeks to overhaul the company’s offerings.
Symantec Corp. fell after the biggest maker of security software forecast fiscal first-quarter sales and profit that may miss estimates as a slump in the personal- computer market weighs on its consumer business.