Tech

Symantec sees its best day in nearly 6 years after Friday's plunge

Key Points
  • Symantec gained nearly 10 percent Monday.
  • Symantec shed 33 percent and roughly $6 billion in shareholder value Friday after announcing an internal audit.
  • The company said Monday it will host a call with investors after the bell to address the audit and its financial outlook.
Symantec beats, but issues poor guidance
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Symantec beats, but issues poor guidance

Software maker Symantec recouped some of its losses from last week, gaining nearly 10 percent Monday.

Shares closed at $21.40, after shedding 33 percent and roughly $6 billion in shareholder value Friday. The company announced during its quarterly earnings report last week it had launched an internal audit that could delay the company's annual report and hurt financials in the coming quarters.

The company behind Norton anti-virus software said Monday it will host a call with investors after the bell to address the audit and its financial outlook.

Monday's surge makes for Symantec's best day since 2012. The stock is now down 23 percent on the year and more than 35 percent off its 52-week high.