Symantec shares closed up 4 percent on Friday after posting better-than-expected revenue for the fiscal first-quarter, beating Street expectations.
The cybersecurity company
Symantec, a security software developer, splurged on Blue Coat earlier in June for $4.65 billion to take advantage of the privately held company's cloud migration.
"With the Blue Coat acquisition complete, we are well positioned to accelerate our strategy as the world's largest pure play cyber security company and achieve alignment across the organization. In addition, we continue to make progress in realizing cost efficiencies and synergies by the end of fiscal 2018," said Thomas Siefert, CFO of Symantec in a Friday release.
Symantec closed higher at $21.89 Friday, leaping over 4 percent since the beginning of this year.
SYMC year to date: