Slumbering Symantec $SYMC

by Kris_Tuttle on April 10, 2012

There feels like there is a dis­con­nect between all the activ­ity and dis­rup­tion in the infor­ma­tion secu­rity sec­tor and Syman­tec which has been qui­etly sit­ting on the side­lines. $SYMC shares have been trend­ing steadily down for the last seven years.

But infor­ma­tion secu­rity and stor­age have been red hot the last year or two. Even the IPO mar­ket is wel­com­ing for InfoSec com­pa­nies. Imperva ($IMPV) was a huge suc­cess and AVG $AVG did okay. Now we have Proof­Point, Palo Alto Net­works and Splunk on the way.

It’d be one thing if SYMC was inno­vat­ing and com­ing out with new prod­ucts to take advan­tage of the growth in mobile device secu­rity, net­work secu­rity man­age­ment, and authen­ti­ca­tion — but they haven’t.

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