Report
Ilya Kundozerov
EUR 147.86 For Business Accounts Only

We Are Relaunching Coverage of Symantec With $18 Fair Value and No-Moat Rating

We are relaunching coverage of Symantec with an $18 fair value estimate and no-moat rating as we transfer coverage from another analyst. Symantec has refocused on its cybersecurity business with the recent divestiture of its Veritas information management business, while the acquisition of Blue Coat Systems expands the company’s presence in the enterprise security market. Yet we remain concerned about ongoing revenue declines in Symantec’s high-margin consumer business. Furthermore, the lack of ...
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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