what happens to symantec stock

And three, she sees a compelling story in terms of earnings and free cash flow.https://www.barrons.com/articles/symantec-broadcom-cybersecurity-nortonlifelock-deal-51572984849“Amidst sweeping executive and strategic changes at Symantec, and [the] transformational sale of the Enterprise business to Broadcom, we think the market has overlooked the steadiness of the ‘RemainCo’ Consumer franchise,” she writes. So exactly what happens?If you hold shares inside an IRA, there aren't any tax consequences, because of the tax-advantaged structure of these accounts.However, there will be more volatility, depending on the market's reaction, in terms of how it sees the deal affecting Company A. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.Boolani notes that there could be confusion around the shares for a bit, while the company completes the distribution of the after-tax proceeds from the deal to shareholders. Broadcom stock moved up 1% in after-hours trading immediately following the announcement. Holders will get a special dividend of about $12 a share—around half the current stock price.“NLOK is defensive and differentiated against investor fatigue with high-beta, high multiple software stocks,” she writes. Symantec has also been losing business opportunities, adding to the decline.Symantec expects weakness in profits to continue to weigh on its fiscal 2020 first-quarter margin results. Shares of Symantec Corporation (NASDAQ:NLOK) were tumbling today after the cybersecurity specialist announced an internal investigation that may lead to financial restatements and a delay … This copy is for your personal, non-commercial use only. 5 Wall Street … On the other hand, you'll gain a tax-loss benefit as well, if you're unfortunate to end up losing money on the deal for some reason.But the market will ultimately tie the movement of Company B's stock to that of Company A until the deal closes.You will owe taxes based on these rules whether you sell the stocks before the transaction closes, or you hold until the close date and it happens automatically.

Hill had served as Symantec’s interim president and CEO since the sudden resignation of Greg Clark in May 2019. Tomorrow also happens to be the day that Symantec will release its Q1 results. Symantec isn’t in favor of accepting a price lower than $28 per share, according to the people familiar with the matter. Broadcom’s revenue share from Apple fell to 13% in the latest quarter from 17% a year ago.Currently, Symantec is undergoing several challenges and grappling with sluggish growth. Hence, the deal talks ended in less than 15 days of discussions. The global organization offers solutions, services and products in a wide array of fields within computer technology such as utility software, debugging software, disk cloning Technology, anti-Spam software, data Encryption, authentication services, identity Management and mobile device management just to name a few.The Enterprise Vault is offered as part of Symantec’s “Information Foundation” Suite. There is also the impact of dilution -- i.e., the amount of new stock Company A must issue, diluting existing investors, to fund the deal.There may also be some additional discount to the stock's price if the stock being acquired is set to pay a dividend between the announced date of the transaction and the closing date. It dropped 9.9% YoY in the second quarter. Wall Street Stock Market & Finance report, prediction for the future: You'll find the NortonLifeLock share forecasts, stock quote and buy / sell signals below.According to present data NortonLifeLock's SYMC shares and potentially its market environment have been in bearish cycle last 12 months (if exists). If Company A's stock falls by $5 on the announcement, it would have a negative impact on the value of Company B's stock. Broadcom relies on Apple for most of its revenue, as the chip maker is one of the chip suppliers for its iPhones and tablets. The company’s Infrastructure Software segment is gaining momentum and has increased 216.1% YoY in the quarter.The deal with Broadcom was vital for Symantec, as it would have reduced its debt burden. What will happen to SYMC stock?

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