Shares of Symantec Corporation (NASDAQ:SYMC) ended Monday session in green amid volatile trading. The shares closed up +0.36 points or 1.47% at $24.85 with 9.88 million shares getting traded. Post opening the session at $24.27, the shares hit an intraday low of $24.12 and an intraday high of $24.85 and the price vacillated in this range throughout the day. The company has a market cap of $15.02 billion and the numbers of outstanding shares have been calculated to be 615.59 million shares.
Symantec Corporation (SYMC) on August 5, 2016 reported the results of its first quarter of fiscal year 2017, ended July 1, 2016.
Greg Clark, Symantec CEO, said, “We are pleased to have quickly and successfully completed the Blue Coat acquisition, allowing us to begin executing our integration strategy. Symantec is now positioned to take advantage of the vast market opportunities in helping customers embrace the cloud, protecting the mobile workforce and securing enterprises, governments and consumers from advanced attacks. We have a deep bench of talent across all functions focused on executing our strategic initiatives, maintaining strong sales performance and achieving our financial targets.”
Thomas Seifert, Symantec CFO, said, “Our revenue was above the mid-point of our guided range for Q1, driven by improved performance within Enterprise Security and continued in-line results from Consumer Security. 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.”
Shares of Nokia Corp (ADR) (NYSE:NOK) ended Monday session in red amid volatile trading. The shares closed down -0.02 points or -0.35% at $5.68 with 18.32 million shares getting traded. Post opening the session at $5.54, the shares hit an intraday low of $5.53 and an intraday high of $5.69 and the price vacillated in this range throughout the day. The company has a market cap of $32.71 billion and the numbers of outstanding shares have been calculated to be 5.77 billion shares.
On September 12, 2016 Nokia is extending its innovative AirScale Radio Access family and services portfolio to accelerate the planning, design and roll-out of cloud-based radio access networks by operators.This will increase the agility with which they respond to growing data-driven subscriber demand and the onset of the Internet of Things, and ensure a smooth evolution toward 5G technology.
The Nokia AirScale RNC – the first true cloud-based 3G radio network controller – will deliver operational and cost efficiencies for the world’s most widely deployed radio access technology. Analysts estimate that 40 percent of mobile network subscribers will continue to access 3G networks in 2020*, so by moving the controller to the cloud, operators will be able to protect investments and benefit sooner from unrivalled scalability across technologies, greater automation and inherent flexibility. Nokia has already conducted successful tests of the AirScale RNC with operators; and will make it commercially available during the first quarter of 2017.
Nokia is also extending the portfolio and driving commercialization of its innovative ultra-lean and efficient AirScale radios, announced at Mobile World Congress 2016. New radios supporting additional paired and unpaired frequency bands will meet more operators’ multiple technology radio access network demands:
- Nokia AirScale RRH 4T4R B40 160W for 2300 MHz (Band 40), with the highest transmit power in its category at 160W, can provide support for up to 100 MHz of unpaired spectrum and will allow operators in parts of the globe, including China, India, the Middle East and Africa, Europe and North America, to grow network capacity and data rates massively with 4.5G Pro.
- Nokia AirScale RRH 2T2R B28 120W for the Asia Pacific Telecommunity band (APT) 700 MHz (Band 28) supporting operators in parts of the world including India, Asia Pacific, Latin America and Europe. This thinnest full-band radio at 73mm offers world-leading macro site compactness, allowing network coverage to be dramatically extended to close the digital divide and acting as a foundation for multiband carrier aggregation of 4.5G Pro.
- Nokia AirScale RRH 2T2R B11 120W for 1500 MHz (Band 11) is available in the advanced market of Japan. With the lowest power consumption and highest transmit power of 120 W, it will enable the lowest total cost of ownership for Japanese operators as they expand their networks with coverage and capacity for 4.5G Pro.