Topeka Capital Markets Says Closure of Backup Exec.cloud is Another Step in Symantec Corporation's Transformation

In a report published Friday, Topeka Capital Markets analyst Frederick Ziegel reiterated a Hold rating and $22.00 price target on Symantec Corporation (NASDAQ: SYMC ). In the report, Topeka Capital Markets noted, “On November 27, Symantec announced that they will be closing Backup Exec.cloud, their cloud-based backup/recovery service aimed at