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 was unchanged today. By the end of trading, Symantec fell $0.36 (-1.5%) to $24.30 on heavy volume. Throughout the day, 29,016,422 shares of Symantec exchanged hands as compared to its average daily volume of 7,818,400 shares. The stock ranged in price between $24.25-$24.69 after having opened the day at $24.61 as compared to the previous trading day's close of $24.66. Other companies within the Computer Software & Services industry that declined today were: TigerLogic Corporation ( TIGR), down 11.8%, Authentidate Holding Corporation ( ADAT), down 10.0%, China Information Technology ( CNIT), down 7.5% and NQ Mobile ( NQ), down 7.5%.
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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 $16.9 billion and is part of the technology sector. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7. Shares are up 31.0% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Symantec a buy, no analysts rate it a sell, and 11 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, solid stock price performance, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, EFuture Information Technology ( EFUT), down 10.2%, Marin Software ( MRIN), down 6.6%, Commtouch Software ( CTCH), down 5.8% and Zix Corporation ( ZIXI), down 5.5% , were all gainers within the computer software & services industry with Oracle Corporation ( ORCL) being today's featured computer software & services industry leader.

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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