Symantec Stock Gaps Up On Today's Open (SYMC)

NEW YORK (TheStreet) -- Shares of Symantec (Nasdaq:SYMC) were gapping up Wednesday morning with an open price 10.8% higher than Tuesday's closing price. The stock closed at $13.18 Tuesday and opened today's trading at $14.61.

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The average volume for Symantec has been 8.1 million shares per day over the past 30 days. Symantec has a market cap of $9.79 billion and is part of the technology sector and computer software & services industry. Shares are down 15.8% year to date as of the close of trading on Tuesday.

Symantec Corporation provides security, storage, and systems management solutions to various organization and consumers worldwide. It operates in four segments: Consumer, Security and Compliance, Storage and Server Management, and Services. The company has a P/E ratio of 8.5, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Symantec as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Symantec Ratings Report.

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