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

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 higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 1.4%. By the end of trading, Symantec rose $0.49 (2.1%) to $24.16 on average volume. Throughout the day, 6,338,123 shares of Symantec exchanged hands as compared to its average daily volume of 8,190,200 shares. The stock ranged in a price between $23.71-$24.29 after having opened the day at $23.89 as compared to the previous trading day's close of $23.67. Other companies within the Computer Software & Services industry that increased today were: Webmedia Brands ( WEBM), up 10.5%, ServiceSource International ( SREV), up 7.4%, Mitek Systems ( MITK), up 7.3% and Ebix ( EBIX), up 7.1%.
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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 $16.2 billion and is part of the technology sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 25.1% year to date as of the close of trading on Monday.

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, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, TigerLogic Corporation ( TIGR), down 9.6%, e-Future Information Technology ( EFUT), down 8.1%, Analysts International ( ANLY), down 6.5% and Ninetowns Technology Group Company ( NINE), down 4.2%.

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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