Symantec Corp (SYMC): Today's Featured Technology 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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.1%. By the end of trading, Symantec rose $0.30 (1.2%) to $25.38 on light volume. Throughout the day, 4,308,512 shares of Symantec exchanged hands as compared to its average daily volume of 6,174,000 shares. The stock ranged in a price between $25.24-$25.58 after having opened the day at $25.24 as compared to the previous trading day's close of $25.08. Other companies within the Technology sector that increased today were: Internet Gold Golden Lines ( IGLD), up 25.4%, Liquid Holdings Group ( LIQD), up 17.6%, Video Display Corporation ( VIDE), up 13.2% and FAB Universal ( FU), up 11.5%.

Symantec Corporation and its subsidiaries provide 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 $17.5 billion and is part of the computer software & services industry. Shares are up 32.7% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Symantec a buy, no analysts rate it a sell, and 8 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, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Perion Network ( PERI), down 10.9%, LookSmart ( LOOK), down 9.4%, Cbeyond ( CBEY), down 7.5% and Kingtone Wirelessinfo Solution ( KONE), down 7.1% , were all laggards within the technology sector with Himax Technologies ( HIMX) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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