The Information Technology 100
Symantec's consumer antispam and antivirus business is thriving, pushing up revenues 38%, to $2.6 billion in the company's 2005 fiscal year, ended Apr. 1. Net income rose 44%, to $536 million. But investors remain unsettled as two concerns weigh on the stock: Microsoft's entry into the antispam market by yearend and Symantec's proposed $13 billion union with storage-software maker Veritas.
Since news of the prospective merger leaked last December, Symantec's stock has nose-dived more than 40%, hitting a low of $18.01 on Apr. 27. It has since made up about 25% of the drop but is still well below pre-deal norms. Investors worry that the slower-growing Veritas will drag down Symantec's 30%-plus revenue growth of recent years. But if CEO John Thompson can pull off the merger, the combined company will be the third-largest software company in the world and the leader in data-storage and security software.
|Return on Equity||14.5%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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