NEW YORK (TheStreet) -- Shares of Symantec (SYMC) - Get Symantec Corporation Report were climbing in pre-market trading on Monday after Barron's said an acquisition, new management and "an advanced system to attack cyberthreats" could boost shares of the software security company by at least 25% over the next two years.
The Mountain View, CA-based company's acquisition of security company Blue Coat will expand its focus beyond PCs to protecting online traffic and data that companies store in the cloud, Barron's noted.
Symantec should also benefit from cost-cutting, as the company anticipates $550 million in planned savings by the end of fiscal 2018.
Additionally, Piper Jaffray Analyst Andrew Nowinski pointed out that the company's newest Norton antivirus software is " industry-leading," Barron's stated. Nowinski estimates that Symantec's earnings will grow between 12% and 14% from fiscal 2019 to 2021.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C+.
Symantec's strengths such as its solid stock price performance, expanding profit margins and growth in earnings per share are countered by weaknesses including disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: SYMC
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.