Symantec investors are turning on the cyber-security company after it revealed its board’s audit committee will be conducting an internal audit investigation. Shares are down more than 35 percent, and on track to post their worst day since the tech bubble burst in 2001.
The internal audit investigation was reportedly launched on concerns voiced by a former employee, and the company has contacted the Securities and Exchange Commission on the matter. While Symantec gave no details into the nature of the investigation, it warned investors in a press release that its financial results and guidance may be affected by the investigation’s results and that it will likely have to delay filing its annual 10-K report.
