Report
Ilya Kundozerov
EUR 98.48 For Business Accounts Only

Symantec’s Integration Efforts Will Yield Much Better Profitability in FY2018; Raising FVE to $20

Symantec finished its fiscal 2017 largely in line with our expectations as the company continued to digest two acquisitions (Blue Coat and LifeLock). The company issued upbeat guidance for fiscal 2018, with adjusted operating margin expected to improve to the 36%-37% range from 28.7% in 2017, and management also raised its adjusted EPS guidance range to $1.75-$1.85 from $1.70-$1.80 previously. We think the firm is on the right path to tightly integrate its existing and newly acquired products in...
Underlying
NortonLifeLock Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Ilya Kundozerov

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