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.

Symantec ( SYMC) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Symantec fell 20 cents (-1.1%) to $17.78 on average volume. Throughout the day, 8.3 million shares of Symantec exchanged hands as compared to its average daily volume of 10.2 million shares. The stock ranged in price between $17.74-$18.19 after having opened the day at $18.05 as compared to the previous trading day's close of $17.98. Other companies within the Technology sector that declined today were: Winland Electronics ( WEX), down 17.3%, Remark Media ( MARK), down 12.2%, Pulse Electronics ( PULS), down 11.6%, and Enova Systems ( ENA), down 11%.
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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 $12.78 billion and is part of the computer software & services industry. The company has a P/E ratio of 11.7, 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 16.4% year to date as of the close of trading on Friday. 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 buy. 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.

On the positive front, A123 Systems ( AONE), up 20%, Versant Corporation ( VSNT), up 15.7%, Deltathree ( DDDC), up 15%, and SouFun Holdings ( SFUN), up 13%, were all gainers within the technology sector with Research in Motion ( RIMM) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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