Symantec’s 4Q Earnings Marred by Tepid Guidance and Internal Investigation; Maintaining FVE
Symantec reported its fourth-quarter and full-year earnings for fiscal 2018, which modestly exceeded our expectations. However, the release was plagued by Symantec’s middling guidance for the ensuing fiscal year, coupled with news that the Audit Committee Investigation of the Board of Directors is investigating Symantec. Full-year 2019 revenue guidance of $4.83 billion at the midpoint and $1.58 in non-GAAP EPS were both a touch lower than we expected. However, looking long term, our views on Sym...Symantec is a provider of cyber security. The company provides cyber security products, services and solutions to organizations and individuals worldwide. The company's Enterprise Security portfolio includes a mix of products, services and solutions, delivered as part of an Integrated Cyber Defense platform. The company's platform unifies cloud and on-premises security to provide threat protection and information protection across endpoints, networks, email, and cloud applications. The company also provides services, support services, and cyber security services. The company's Cyber Safety solutions from Norton LifeLock help consumers protect their devices, online privacy, identities, and home networks.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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