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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.5%. By the end of trading, Symantec rose $0.26 (1.1%) to $24.23 on light volume. Throughout the day, 5,639,444 shares of Symantec exchanged hands as compared to its average daily volume of 8,921,500 shares. The stock ranged in a price between $24.02-$24.34 after having opened the day at $24.13 as compared to the previous trading day's close of $23.97. Other companies within the Computer Software & Services industry that increased today were: Igate Corporation ( IGTE), up 11.4%, Intelligent Systems ( INS), up 7.4%, Procera Networks ( PKT), up 7.0% and KongZhong Corporation ( KONG), up 7.0%.

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 $16.7 billion and is part of the technology sector. Shares are up 27.4% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Symantec a buy, no analysts rate it a sell, and 10 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 negative front, Velti ( VELT), down 16.0%, Glu Mobile ( GLUU), down 4.9%, inContact ( SAAS), down 4.6% and Attunity ( ATTU), down 3.8% , were all laggards within the computer software & services industry with Microsoft Corporation ( MSFT) being today's computer software & services industry laggard.

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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