Jim Cramer Less Excited About Symantec After Its Deal with LifeLock
Jim Cramer expects to see consolidation among enterprise companies focused on cyber security.
Symantec (SYMC) - Get Report is acquiring identity theft protection company LifeLock (LOCK) for $2.3 billion to help boost its computer security business, but TheStreet's Jim Cramer isn't overly excited about the deal. Cramer is looking for consolidation in the security business, but he thought it would involve companies like Proofpoint (PFPT) - Get Report or CyberArk (CYBR) - Get Report . He's watching the next moves from other enterprise companies like Palo Alto Networks (PANW) - Get Report and Cicsco (CSCO) - Get Report . The merger between Symantec and LifeLock is expected to close early next year.
