Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) 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 0.5%. By the end of trading, Symantec fell 37 cents (-2%) to $18.53 on average volume. Throughout the day, 14.7 million shares of Symantec exchanged hands as compared to its average daily volume of 9.9 million shares. The stock ranged in price between $18.52-$19.08 after having opened the day at $18.95 as compared to the previous trading day's close of $18.90. Other companies within the Computer Software & Services industry that declined today were:
), down 30.5%,
), down 10.6%,
), down 9.8%, and
), down 8.7%.
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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 $13.29 billion and is part of the
sector. The company has a P/E ratio of 12.1, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 21% year to date as of the close of trading on Thursday. Currently there are 15 analysts that rate Symantec a buy, no analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates Symantec as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Symantec Ratings Report.
On the positive front,
), up 31.3%,
), up 16.7%,
), up 14.7%, and
), up 12.9%, were all gainers within the computer software & services industry with
) being today's featured computer software & services industry leader.
- 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
) while those bearish on the computer software & services industry could consider
- Find other investment ideas from our top rated ETFs lists.
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