Symantec future outlook? (still looking for sell?)

eBay dreamlife
Jan 9 8 Comments

Got an interview opportunity, wondering what’s latest company future outlook?
Is private entity or any others still looking to acquire this company?

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TOP 8 Comments
  • Symantec APT10
    No news, but stock price hasn’t gone anywhere in years and the activist investors won’t sit on their investment forever. Based on that I would expect some sort of major strategic move in the coming months.

    But we’re all just guessing. Not even a hint of news internally.
    Jan 9 0
  • Symantec / Eng eYcG72
    Only a few teams are able to hire, most have a hiring freeze from what I heard.
    Jan 28 0
  • Symantec YilH10
    This likely isn’t the support group I need for words of hope - but I am feeling depressed over the loss of colleagues and departing teammates and what feels like the impending death/demise of the company. Any words of hope? We must have a possible future?
    Mar 5 1
    • Symantec SecDev
      My gut says this ends in an acquisition. The following seem to point in that direction:

      1) Poor financial results for many security companies means the sector is ripe for consolidation

      2) Symantec has had anemic financial results for years. You know you aren’t doing great when the Street cheers 3% organic growth as a turnaround

      3) CFO departure

      No actual “inside info” though, so the above is just my opinion to be clear.
      Mar 5
  • Symantec / Eng eYcG72
    Hope you didn't take the interview. Run the other way! Lots of people looking to leave. CEO got fired. Stock price tanked. Nothing good.
    May 12 0
  • Symantec vimmy
    Hiring freeze in place for majority of teams. 8% layoff being achieved so far through attrition. As mentioned previously, stock has languished for years and activist investors are filling the board. My gut says another divestiture and/or private buyout is in the offing.
    Jan 29 0
  • Symantec O (1)
    Didn't know they were hiring in the midst of 8% RIFs
    Jan 28 0
  • Symantec #@#
    No stocks until u r offered directors or higher position
    Jan 28 0

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