Shares of Symantec closed the trading day up 9.6 percent to $21.40 ahead of top executives holding a telephone conference to discuss the company's financial outlook. Symantec shares rose about two percent more in after-market trades, despite executives on the call declining to answer questions about the investigation. Cybersecurity company Symantec had lost more than a third of its market value Friday after it disclosed an internal probe and refused to take questions from analysts. A board of directors committee has started an investigation due to "concerns raised by a former employee regarding the company's public disclosures including commentary on historical financial results," Symantec said in a statement. The company "voluntarily contacted" the Securities and Exchange Commission about the probe and said the investigation could force it to restate financial results.

Source: The Nation Bangkok May 15, 2018 00:11 UTC