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

Symantec ( SYMC) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.1%. By the end of trading, Symantec rose 28 cents (1.6%) to $17.28 on heavy volume. Throughout the day, 17 million shares of Symantec exchanged hands as compared to its average daily volume of 9.4 million shares. The stock ranged in a price between $16.88-$17.30 after having opened the day at $17.04 as compared to the previous trading day's close of $17. Other companies within the Computer Software & Services industry that increased today were: Imperva ( IMPV), up 26.4%, Bottomline Technologies ( EPAY), up 20.1%, inContact ( SAAS), up 14.7%, and Open Text Corporation ( OTEX), up 10.4%.

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 $12.02 billion and is part of the technology sector. The company has a P/E ratio of 11, 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 9.3% 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 11 rate it a hold.

TheStreet Ratings rates Symantec as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.

On the negative front, Kingtone Wirelessinfo Solution ( KONE), down 29.3%, BOS Better Online Solutions ( BOSC), down 12.3%, VanceInfo Technologies ( VIT), down 11%, and Bsquare Corporation ( BSQR), down 10.3%, were all laggards within the computer software & services industry with Red Hat ( RHT) being today's computer software & services industry laggard.

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).
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