Symantec provides security, storage and systems management solutions that help consumers secure and manage their information. The Company operates through three segments: consumer security, enterprise security and information management. The consumer security segment offers Norton-branded services that provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals, families and small businesses. The enterprise security segment provides secure socket layer certificates, authentication, mail and web security, data center security, data loss prevention, information security services, endpoint security and management, encryption and mobile security services. The information management segment focuses on backup and recovery, archiving and e-discovery, storage and high availability solutions helping to ensure that its customers’ IT infrastructure and mission-critical applications are protected, managed and available.
Company Growth (employees)
Symantec was founded in 1982 and is headquartered in Mountain View, US
Key People at Symantec
Greg Clark
Chief Executive Officer
Nick Noviello
Executive Vice President and Chief Financial Officer
Amy Cappellanti-Wolf
SVP & CHRO
Sheila Jordan
SVP & Chief Information Officer
Fran Rosch
EVP
Scott Taylor
Executive Vice President, General Counsel and Secretary
Symantec Office Locations
Symantec has offices in Mountain View, Chennai, Lindon, Culver City and in 72 other locations
Mountain View, US (HQ)
350 Ellis Street
Symantec Data and Metrics
Symantec Financial Metrics
Symantec's revenue was reported to be $4 b in FY, 2017 which is a 12% increase from the previous period.
USD
Revenue (FY, 2017) | 4 b |
Revenue growth (FY, 2016 - FY, 2017), % | 12% |
Gross profit (FY, 2017) | 3.2 b |
Gross profit margin (FY, 2017), % | 79% |
Net income (FY, 2017) | (106 m) |
EBIT (FY, 2017) | (100 m) |
Market capitalization (17-Aug-2017) | 17.1 b |
Cash (31-Mar-2017) | 4.2 b |
EV | 21 b |
Symantec's current market capitalization is $17.1 b.
- Source: SEC Filings
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Revenue | 4 b | 3.6 b | 4 b |
Revenue growth, % | (9%) | 12% | |
Cost of goods sold | 727 m | 615 m | 853 m |
Gross profit | 3.2 b | 3 b | 3.2 b |
Gross profit Margin, % | 82% | 83% | 79% |
Sales and marketing expense | 1.7 b | 1.3 b | 1.5 b |
R&D expense | 812 m | 748 m | 823 m |
General and administrative expense | 362 m | 295 m | 564 m |
Operating expense total | 3.1 b | 2.5 b | 3.3 b |
EBIT | 154 m | 457 m | (100 m) |
EBIT margin, % | 4% | 13% | (2%) |
Interest expense | 78 m | 75 m | 208 m |
Interest income | 11 m | 10 m | 21 m |
Pre tax profit | 101 m | 392 m | (262 m) |
Income tax expense | 8 m | 1.2 b | (26 m) |
Net Income | 878 m | 2.5 b | (106 m) |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2015 | Q1, 2015 | Q2, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|
Revenue | 1.7 b | 1.6 b | 1.6 b | 1.5 b | 1.5 b | 884 m | 979 m | 1 b |
Cost of goods sold | 309 m | 278 m | 279 m | 254 m | 264 m | 149 m | 210 m | 235 m |
Gross profit | 1.4 b | 1.3 b | 1.4 b | 1.2 b | 1.2 b | 735 m | 769 m | 806 m |
Gross profit Margin, % | 82% | 83% | 83% | 83% | 82% | 83% | 79% | 77% |
Sales and marketing expense | 644 m | 565 m | 563 m | 521 m | 516 m | 291 m | 338 m | 377 m |
R&D expense | 308 m | 276 m | 267 m | 284 m | 293 m | 170 m | 200 m | 204 m |
General and administrative expense | 103 m | 93 m | 94 m | 96 m | 94 m | 84 m | 145 m | 131 m |
Operating expense total | 1.1 b | 934 m | 924 m | 901 m | 903 m | 545 m | 683 m | 550 m |
EBIT | 322 m | 348 m | 327 m | 201 m | 203 m | 106 m | (12 m) | (16 m) |
EBIT margin, % | 19% | 22% | 20% | 13% | 14% | 12% | (1%) | (2%) |
Interest expense | (21 m) | (19 m) | (20 m) | (20 m) | (19 m) | (27 m) | (52 m) | (55 m) |
Interest income | 3 m | 3 m | 3 m | 3 m | 3 m | 5 m | 4 m | 5 m |
Pre tax profit | 305 m | 333 m | 312 m | 173 m | 189 m | 97 m | (50 m) | (61 m) |
Income tax expense | 69 m | 89 m | 90 m | 56 m | 33 m | 31 m | 19 m | (5 m) |
Net Income | 236 m | 244 m | 222 m | 117 m | 156 m | 135 m | (144 m) | 46 m |
- Source: SEC Filings
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Cash | 2.8 b | 6 b | 4.2 b |
Accounts Receivable | 700 m | 556 m | 649 m |
Current Assets | 5.4 b | 7 b | 5.3 b |
PP&E | 950 m | 957 m | 937 m |
Goodwill | 3.1 b | 3.1 b | 8.6 b |
Total Assets | 13.2 b | 11.8 b | 18.2 b |
Accounts Payable | 169 m | 175 m | 180 m |
Total Debt | 2.1 b | 2.2 b | 8.2 b |
Current Liabilities | 4.5 b | 4 b | 4.6 b |
Total Liabilities | 7.3 b | 8.1 b | 14.7 b |
Additional Paid-in Capital | 6.1 b | 4.3 b | 4.2 b |
Retained Earnings | (270 m) | (655 m) | (761 m) |
Total Equity | 5.9 b | 3.7 b | 3.5 b |
Debt to Equity Ratio | 0.4 x | 0.6 x | 2.3 x |
Debt to Assets Ratio | 0.2 x | 0.2 x | 0.5 x |
Financial Leverage | 2.2 x | 3.2 x | 5.2 x |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2015 | Q1, 2015 | Q2, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|
Cash | 3.1 b | 3 b | 2.8 b | 3 b | 3.1 b | 6.1 b | 5.6 b | 5.6 b |
Accounts Receivable | 685 m | 722 m | 982 m | 604 m | 738 m | 314 m | 459 m | 557 m |
Inventories | 11 m | 11 m | 12 m | |||||
Current Assets | 5.3 b | 5 b | 5.3 b | 5 b | 4.7 b | 6.8 b | 6.5 b | 6.5 b |
PP&E | 1.1 b | 1.2 b | 1.2 b | 1.2 b | 1.3 b | 904 m | 933 m | 893 m |
Goodwill | 5.9 b | 5.9 b | 5.9 b | 5.8 b | 5.8 b | 3.1 b | 7.2 b | 7.2 b |
Total Assets | 13.2 b | 12.9 b | 13.1 b | 12.8 b | 12.5 b | 11.5 b | 16.9 b | 16.8 b |
Accounts Payable | 230 m | 219 m | 212 m | 184 m | 326 m | 115 m | 139 m | 143 m |
Current Liabilities | 4 b | 4 b | 4.2 b | 4.1 b | 3.7 b | 3.3 b | 3.5 b | 3.6 b |
Common Stock | 7 m | 7 m | 7 m | |||||
Additional Paid-in Capital | 6.5 b | 6.4 b | 6.2 b | 5.9 b | 5.8 b | 5.2 b | ||
Retained Earnings | (912 m) | (668 m) | (446 m) | (153 m) | 3 m | (520 m) | (664 m) | (618 m) |
Total Equity | 5.8 b | 5.9 b | 5.9 b | 3.8 b | 3.9 b | 3.9 b | ||
Financial Leverage | 2.3 x | 2.2 x | 2.1 x | 3.1 x | 4.4 x | 4.2 x |
| USD | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|
Net Income | 878 m | 2.5 b | (106 m) |
Depreciation and Amortization | 147 m | ||
Accounts Receivable | 45 m | ||
Accounts Payable | (67 m) | ||
Cash From Operating Activities | 1.3 b | 796 m | (220 m) |
Purchases of PP&E | (303 m) | (272 m) | (70 m) |
Cash From Investing Activities | (1.1 b) | 7.2 b | (6.8 b) |
Dividends Paid | (222 m) | ||
Cash From Financing Activities | (811 m) | (4.8 b) | 5.3 b |
Interest Paid | 75 m | 70 m | 143 m |
Income Taxes Paid | 353 m | 302 m | 1.1 b |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2015 | Q1, 2015 | Q2, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 |
|---|---|---|---|---|---|---|---|---|
Net Income | 236 m | 244 m | 222 m | 117 m | 156 m | 135 m | (144 m) | 46 m |
Depreciation and Amortization | 13 m | 13 m | 12 m | 13 m | 10 m | 14 m | 34 m | 43 m |
Accounts Receivable | 738 m | 314 m | 459 m | 557 m | ||||
Accounts Payable | 230 m | 219 m | 212 m | 184 m | 326 m | 115 m | 139 m | 143 m |
| USD | Y, 2017 |
|---|---|
EV/EBIT | -210.2 x |
EV/CFO | -95.5 x |
Revenue/Employee | 365.4 k |
Debt/Equity | 2.3 x |
Debt/Assets | 0.5 x |
Financial Leverage | 5.2 x |
Symantec Operating Metrics
Symantec's Customers was reported to be 350 k in FY, 2016
Symantec Market Value History
Symantec Revenue Breakdown
Symantec Job Categories
Symantec Median Salaries
Source: 1.3 k public H-1B filings from Symantec
Market Position of Symantec
Traffic Overview of Symantec
Symantec Online and Social Media Presence
Symantec News and Updates
March 27, 2017
Google is fighting with Symantec over encrypting the internet
Google, which has accused Symantec and its partners of misissuing tens of thousands of certificates for encrypted web connections, quietly announced Thursday that it’s downgrading the level and length of trust Chrome will place in certificates issued by Symantec. Encrypted web connections — HTTPS c…
November 21, 2016
LifeLock shares jump on $2.3-billion deal with Symantec
Shares of LifeLock Inc. jumped in early trading after the identity and fraud protection services company agreed to be acquired for $2.3 billion by security software maker Symantec Corp., but Symantec shares declined a bit. Symantec said over the weekend that the deal will enable it to bolster.…
November 21, 2016
Symantec to purchase LifeLock for $2.3 billion
(Reuters) – Symantec said it would acquire U.S. identity theft protection services company LifeLock for $2.3 billion, in a deal that it hopes will prop up sales at its Norton cybersecurity unit. Symantec’s security software often comes bundled with personal computers. As a result, the company has su…
November 21, 2016
Symantec Is Acquiring LifeLock for $2.3 Billion
The deal includes $750 million in debt, Symantec said.
October 11, 2016
Symantec Warns Another Hacker Group Is Targeting SWIFT Users
It appears to be a financially motivated criminal group—not a nation state.
August 08, 2016
New spyware detected targeting firms in Russia, China: Symantec
FRANKFURT (Reuters) - A previously unknown group called "Strider" has been conducting cyber-espionage attacks against selected targets in Russia, China, Sweden, and Belgium, U.S.-based computer security firm Symantec Corp said on Monday.