After the announcement, at least eight third-party investor groups said they launched investigations into the company.
Rosen Law Firm, which represents one of the investor groups, said it is investigating whether Symantec “may have issued materially misleading business information to the investing public.”
In addition, at least nine Wall Street analysts lowered their price targets for the stock.
Symantec executives declined to take questions from analysts during the company’s earnings call. Symantec beat Wall Street estimates when it reported fourth quarter and full-year results…
