Symantec Corp., the world’s largest maker of computer-security software, ousted Chief Executive Officer Enrique Salem and passed the reins to Chairman Steve Bennett, saying the company wasn’t performing well enough.
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., which ousted Chief Executive Officer Enrique Salem after the stock underperformed for years, could deliver a 40 percent gain to shareholders by splitting its security software and storage businesses.
Symantec Corp., the world’s largest maker of computer security software, fell the most in a year after issuing sales and profit forecasts that missed analysts’ estimates , evidence that customers delayed closing deals.
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. 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.