Symantec Corp (SYMC): Today's Featured Computer Software & Services Winner

Symantec (SYMC) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.7%. By the end of trading, Symantec rose 36 cents (2.3%) to $16.11 on average volume. Throughout the day, 7.9 million shares of Symantec exchanged hands as compared to its average daily volume of 8.9 million shares. The stock ranged in a price between $15.76-$16.16 after having opened the day at $15.81 as compared to the previous trading day's close of $15.75. Other companies within the Computer Software & Services industry that increased today were: Wizzard Software Corporation (WZE), up 21.4%, Merge Healthcare (MRGE), up 12.8%, Guidance Software (GUID), up 8.8%, and CounterPath Corporation (CPAH), up 8.4%.

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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. Symantec has a market cap of $11.15 billion and is part of the technology sector. The company has a P/E ratio of 9.7, below the average computer software & services industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.7. Shares are up 0.6% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Symantec a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Symantec as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. 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.

On the negative front, ServiceSource International (SREV), down 27.9%, Chyron Corporation (CHYR), down 16%, Sourcefire (FIRE), down 14.4%, and TigerLogic Corporation (TIGR), down 13.9%, were all laggards within the computer software & services industry with Citrix Systems (CTXS) being today's computer software & services industry laggard.

• Use our computer software & services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx (IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology (REW).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Symantec Corp click any of the following:

• Symantec Corp Stock Price

• Symantec Corp Analyst Ratings

• Symantec Corp Key Stats & Profile

• Symantec Corp Earnings

• Symantec Corp Ratio Comparison

• Symantec Corp Growth Rates

• Symantec Corp Balance Sheet

• Symantec Corp Cash Flow

• Symantec Corp Income Statement