Why Symantec (SYMC) Stock Is Up in After-Hours Trading Today

NEW YORK (TheStreet) -- Symantec (SYMC) was gaining 0.5% to $23.85 in after-hours trading Thursday after appointing Michael A. Brown as permanent CEO.

Brown has served as interim president CEO at Symantec since March 2014. Brown will share Symantec's strategic plan with shareholders, customers, and employees in the next 30 days, the company said.

"The Board ran a robust and diligent global CEO search over the last six months, during which we received interest from world-class candidates, including current and former CEOs and technology leaders from successful public companies," David Mahoney, head of the Symantec board's CEO search committee said in a statement. "Mike went through this same rigorous process and distinguished himself among the candidates."

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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 multiple strengths, 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: SYMC Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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