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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Symantec fell $0.56 (-2.4%) to $23.06 on heavy volume. Throughout the day, 13,350,162 shares of Symantec exchanged hands as compared to its average daily volume of 8,001,000 shares. The stock ranged in price between $22.99-$23.54 after having opened the day at $23.48 as compared to the previous trading day's close of $23.62. Other companies within the Technology sector that declined today were:
), down 24.6%,
), down 19.5%,
), down 15.0% and
), down 14.3%.
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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 $16.7 billion and is part of the computer software & services industry. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7. Shares are up 27.7% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Symantec a buy, no analysts rate it a sell, and 10 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, solid stock price performance, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Symantec Ratings Report.
On the positive front,
), down 23.6%,
), down 17.1%,
), down 16.2% and
), down 16.1% , were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-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 technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.
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