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Loop Layout 8

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Symantec to buy LifeLock for $2.3 billion to add ID protection

Symantec to buy LifeLock for $2.3 billion to add ID protection

Symantec, one of the world’s largest cybersecurity companies, agreed to buy LifeLock for about $2.3 billion including debt to expand in services for identity protection. The offer for LifeLock values its shares at $24 apiece, according to a Business Wire statement. The offer is 16 percent above Friday’s closing price. The Tempe, Arizona-based company was pursued by bidders including private equity firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of hedge... Read More
Microsoft Corporation: 85 million reasons to love MSFT Stock

Microsoft Corporation: 85 million reasons to love MSFT Stock

Insulation for MSFT Stock Over the last two years, a Silicon Valley startup named Slack took aim at Microsoft Corporation (NASDAQ:MSFT). The little firm wanted to topple Microsoft stock (MSFT) by invading its home territory, the office space. But my guess is that their plan will backfire. For those who’ve never heard of Slack, it is a messaging app that connects workers in different locales. Unlike “Whatsapp” or “Facebook Messenger,” this messaging app is... Read More
FB stock: Why analysts are dead wrong about Facebook Inc

FB stock: Why analysts are dead wrong about Facebook Inc

Bad News for Facebook Stock (FB)? With 2016 entering its twilight, analysts are reflecting on the surprises that this year had to offer. Brexit and Donald Trump spring to mind, but there are other stories as well; stories that concern Facebook Inc (NASDAQ:FB) and anyone looking at FB stock. There were tales of faulty advertising metrics, drone crashes, and fake news stories. Layer upon layer of bad news has stacked up on Facebook stock,... Read More
Box shows strong sales growth in third quarter earnings

Box shows strong sales growth in third quarter earnings

Cloud storage company Box reported third-quarter earnings after the bell on Wednesday, beating Wall Street expectations with a record $102.8 million in revenue, a 31 percent increase year-over-year and above predictions of $100.64 million. Adjusted earnings per share showed a loss of 14 cents, better than the negative 19 cents that analysts were forecasting and a 17-cent improvement from last year. The stock traded up over 1 percent in initial after-hours trading. The company... Read More