Symantec Reaches New 52-Week High (SYMC)

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.

NEW YORK ( TheStreet) -- Symantec (Nasdaq: SYMC) hit a new 52-week high Wednesday as it is currently trading at $21.75, above its previous 52-week high of $21.14 with 2.8 million shares traded as of 9:36 a.m. ET. Average volume has been 7.4 million shares over the past 30 days.

Symantec has a market cap of $14.35 billion and is part of the technology sector and computer software & services industry. Shares are up 9.9% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Symantec Ratings Report.

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