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

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 Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Symantec fell 27 cents (-1.5%) to $17.76 on light volume. Throughout the day, 6.3 million shares of Symantec exchanged hands as compared to its average daily volume of 10.2 million shares. The stock ranged in price between $17.72-$18.03 after having opened the day at $17.97 as compared to the previous trading day's close of $18.03. Other companies within the Computer Software & Services industry that declined today were: Progress Software ( PRGS), down 13.8%, Unwired Planet ( UPIP), down 12.3%, Netsol Technologies ( NTWK), down 11.1%, and Intellicheck Mobilisa ( IDN), down 8.4%.
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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 $12.64 billion and is part of the technology sector. The company has a P/E ratio of 11.5, 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 15.1% 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.

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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