What happened
Shares of Symantec Corporation (NASDAQ:SYMC) stock lost 25.2% of their value in May, according to data provided S&P Global Market Intelligence .
The stock plunged following disappointing guidance for the current fiscal year that was paired with an announcement that the company was conducting an internal audit.
SYMC data by YCharts
So what
Symantec’s fourth-quarter sales and earnings results came in well above the average analyst estimate but arrived with bombshell news about something the company had begun conducting. The following quote from a post-earnings press release summarizes the situation:
The Audit Committee of the Board of…
