May 7- Symantec Corp's results beat estimates for the fourth consecutive quarter driven by demand for its data loss prevention and information security products. Spending on computer security is expected to rise to about $86 billion in 2016 from about $55 billion in 2011, market research firm Gartner said in a recent report.
May 7- Symantec Corp, maker of Norton anti-virus software, reported a 4 percent rise in quarterly revenue driven by demand for its data loss prevention and information security products. Net income attributable to the company fell to $188 million, or 26 cents per share, in the fourth quarter, from $559 million, or 76 cents per share, a year earlier.
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*Symantec shares have their own flash crash. NEW YORK, April 30- U.S. stocks rose moderately on Tuesday, with the S&P 500 ending at another all-time closing high on a jump in Apple and encouraging economic data.
*Symantec shares have their own flash crash. NEW YORK, April 30- U.S. stocks were largely flat on Tuesday as investors found little reason to extend a recent rally that put the S&P 500 within a point of an all-time intraday high, though technology shares lifted the Nasdaq.
April 30- Shares of Symantec Corp. The plunge recalled the "flash crash" of May 2010 because Symantec said Tuesday's fall was also caused by a large sell order. Symantec spokesman Cris Paden said somebody put in the large order without specifying a bottom limit at which they were willing to sell the stock.
April 30- Shares of Symantec Corp plunged some 10 percent in a matter of seconds on Tuesday before being halted by the Nasdaq, in the latest instance of what traders called a single-stock "flash crash."
April 30- Shares of security software maker Symantec Corp dropped some 10 percent in a span of a few seconds on the Nasdaq on Tuesday before being halted. "Pre-HFT dominance, even back in 2003, a series of market makers would have filled this mistake with substantially less carnage," said Sal Arnuk, co-manager of trading at Themis Trading in Chatham, New Jersey.
By Ryan Vlastelica and Sruthi Ramakrishnan. April 30- Shares of security software maker Symantec Corp dropped some 10 percent in a span of a few seconds on the Nasdaq on Tuesday before being halted. Symantec spokesman Cris Paden said he could not immediately comment on the unusual movement in the stock price.
April 30- Shares of security software maker Symantec Corp dropped around 10 percent in less than a minute on the Nasdaq on Tuesday, prompting a trading halt. The shares dropped to a low of $21.93 around 10:11 a.m. Eastern. Symantec spokesman Cris Paden said he could not immediately comment on the unusual movement in the stock price.
*Symantec shares have their own flash crash. NEW YORK, April 30- U.S. stocks traded mostly higher on Tuesday, paring initial losses, as home prices and consumer data offset a decline in regional business activity. Apple shares rose 2.3 percent to $438.83 to lead the S&P 500 slightly higher.
April 30- Shares of Symantec Corp plunged some 10 percent in a matter of seconds on Tuesday before being halted by the Nasdaq, in the latest instance of what traders called a single-stock "flash crash."
By Ryan Vlastelica and Sruthi Ramakrishnan. April 30- Shares of Symantec Corp plunged some 10 percent in a matter of seconds on Tuesday before being halted by the Nasdaq, in the latest instance of what traders called a single-stock "flash crash."