Symantec Corporation (NASDAQ:SYMC) Offering Permits Data Centres To Take On SSDs


Dallas, Texas 12/13/2013 (FINANCIALSTRENDS) – Symantec Corporation (NASDAQ:SYMC) has declared a latest edition of its Storage Foundation software that it says permits data centres to influence Solid State Drives (SSDs). The move, it says, could permit clients to access mission critical facts and apps 400% quicker than customary Storage Area Networks (SANs).

Is Symantec Corporation (NASDAQ:SYMC) all set to breakout?

Symantec Corporation (NASDAQ:SYMC) could be a scrip to stay away from a technical viewpoint, as the company is witnessing adverse movements on the moving average crossover front.

In recent times, the 50 Day Moving Average for SYMC broke out lower than the 200 Day Simple Moving Average, hinting temporary bearishness.

This has already commenced to happen, as the scrip has moved down by around 2.7% during the last four week period. In addition, the firm formerly has a Zacks Rank 4 (Sell) meaning, which now could absolutely be the time to exit out of this potentially in-difficulty scrip.

Symantec appoints Microsoft exec to be novel CTO

Symantec Corporation (NASDAQ:SYMC) has named Mr. Amit Mital, until recently head of Microsoft’s Startup Business Group (predicts technology trends and aids bring novel technologies to market), its novel CTO.

Mr. Amit puts back Steve Trilling, who will be “shifting to an operational senior management role in the firm”.

The CTO transformation accompanies a thread of executive exits (I, II, III), and arrives at a time when chief executive officer (CEO) Steve Benett is making attempts to update Symantec’s product offerings to better compete with hungry safety and storage software competitors.

Symantec Corp. declares quarterly dividend of $0.15

The company has made declaration of a quarterly dividend. Share holders will get a dividend of 0.15 per scrip on 18th December. This shows a $0.60 yearly dividend plus a dividend yield of 2.55%. The ex-dividend day was November 21st.