NEW YORK (TheStreet) -- Shares of Symantec Corp. (SYMC) are lower by -0.70% to $22.74 in early trading today after Finjan Holdings Inc. (FNJN) announced its subsidiary Finjan Inc. filed a patent infringement lawsuit against the company.
Symantec, a security software services company, is accused by the holding company's web and network security segment of infringing on five of Finjan's patents.
The complaint was filed on Monday in the U.S. District Court for the Northern District of California, and says Finjan is seeking an undisclosed amount in damages from Symantec.
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Separately, shares of Symantec were falling in pre-market trading today as a result of a downgrade to "market perform" from "outperform" at BMO Capital Markets this morning.
Separately, TheStreet Ratings team rates SYMANTEC CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SYMANTEC CORP (SYMC) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, attractive valuation levels, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."