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.
) 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 0.7%. By the end of trading, Symantec fell $0.38 (-1.6%) to $22.72 on average volume. Throughout the day, 9,871,418 shares of Symantec exchanged hands as compared to its average daily volume of 7,409,600 shares. The stock ranged in price between $22.67-$23.26 after having opened the day at $23.08 as compared to the previous trading day's close of $23.10. Other companies within the Computer Software & Services industry that declined today were:
), down 18.1%,
), down 8.8%,
), down 8.0% and
), down 5.4%.
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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 $16.2 billion and is part of the technology sector. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are up 24.0% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Symantec a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Symantec Ratings Report.
On the positive front,
), up 14.5%,
), up 12.7%,
), up 10.9% and
), up 8.8% , 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.
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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
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