Symantec in for the long haul, CEO says
Symantec Corp.’s shares have slumped this year amid an internal accounting investigation and waning consumer interest in antivirus software for personal computers. Activist investor Starboard Value LP secured three board seats in a deal with the Mountain View, Californiabased company in September. Last week, the stock surged after a report that private equity firm Thoma Bravo had approached the cybersecurity company about a potential takeover.
Chief Executive Officer Greg Clark sat down with Bloomberg Television for an interview in San Francisco on Thursday.
“We take a long view at Symantec. We are here for the long haul and we invest in our technology and our employees and our customers and sometimes we get some headlines, rumors and speculation and our policy is not to comment.”
Brink’s has reached a multiyear agreement with Canopy Growth Corp. to provide “secure logistics and cash management services” for the cannabis company, including international shipments of weed, the companies announced Thursday.
This is likely to send Brink’s stock higher and maybe even qualify it for inclusion in cannabis-focused exchange-traded funds like the ETFMG Alternative Harvest ETF, according to James Clement, analyst at Buckingham Research Group, who gives Brink’s a buy rating and $110 price target.