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 $2.33 (9.6%) to $26.68 on heavy volume. Throughout the day, 18,786,171 shares of Symantec exchanged hands as compared to its average daily volume of 8,790,000 shares. The stock ranged in a price between $25.60-$26.89 after having opened the day at $25.61 as compared to the previous trading day's close of $24.35. Other companies within the Computer Software & Services industry that increased today were: Marketo ( MKTO), up 20.0%, Daegis ( DAEG), up 17.4%, Edgewater Technology ( EDGW), up 17.4% and Synchronoss Technologies ( SNCR), up 14.1%.
Symantec Corporation, together with its subsidiaries, provides various security, backup, and availability solutions worldwide. Its products and services protect people and information in any digital environment from mobile devices, enterprise data centers, and cloud-based systems. Symantec has a market cap of $16.8 billion and is part of the technology sector. Shares are up 29.4% year to date as of the close of trading on Tuesday. Currently there are 10 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 solid stock price performance, revenue growth, 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.