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

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 lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Symantec fell $0.21 (-1.0%) to $20.60 on light volume. Throughout the day, 6,503,131 shares of Symantec exchanged hands as compared to its average daily volume of 10,312,400 shares. The stock ranged in price between $20.59-$20.85 after having opened the day at $20.74 as compared to the previous trading day's close of $20.81. Other companies within the Computer Software & Services industry that declined today were: Medidata Solutions ( MDSO), down 22.7%, Edgewater Technology ( EDGW), down 13.3%, UBIC ( UBIC), down 10.1% and Castlight Health Inc Class B ( CSLT), down 7.3%.

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 $14.3 billion and is part of the technology sector. Shares are down 11.8% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Symantec a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, growth in earnings per share, 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 shows weak operating cash flow.

On the positive front, Varonis Systems ( VRNS), up 11.4%, Rubicon Project ( RUBI), up 10.0%, Intellicheck Mobilisa ( IDN), up 8.4% and 2U ( TWOU), up 8.2% , were all gainers within the computer software & services industry with Salesforce.com ( CRM) 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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