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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Symantec (SYMC) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Symantec fell $0.30 (-1.1%) to $26.03 on light volume. Throughout the day, 3,285,374 shares of Symantec exchanged hands as compared to its average daily volume of 7,313,500 shares. The stock ranged in price between $26.02-$26.40 after having opened the day at $26.28 as compared to the previous trading day's close of $26.33. Other companies within the Computer Software & Services industry that declined today were: EFuture Information Technology (EFUT), down 10.3%, Astea International (ATEA), down 9.3%, TigerLogic Corporation (TIGR), down 7.8% and GlobalSCAPE Incorporated (GSB), down 5.1%.

Symantec Corporation and its subsidiaries provide security, backup, and availability solutions worldwide. Its products and services protect people and information in any digital environment from mobile devices, enterprise data centers, and cloud-based systems. Symantec has a market cap of $18.4 billion and is part of the technology sector. Shares are up 40.0% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Symantec a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Cimatron (CIMT), up 19.0%, Velti (VELT), up 10.6%, Merge Healthcare (MRGE), up 8.3% and 3D Systems Corporation (DDD), up 7.1% , were all gainers within the computer software & services industry with Oracle Corporation (ORCL) being today's featured computer software & services industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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