What happened
Shares of cybersecurity software specialist Symantec (NASDAQ:SYMC) trailed the market over the first half of the year, shedding 26% compared to a 2% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence.
^SPX price change. Data source: YCharts.
The stock had been tracking the market closely until major financial news sent shares lower in May.
So what
Symantec announced solid fourth-quarter results on May 10, with sales up 10% and operating margin jumping nearly 10 percentage points to 36.5% of sales. However, investors were far more interested in news that challenged the reliability of its recent…
