Symantec Corp (SYMC): Today's Featured Computer Software & Services Loser
By TheStreet Wire - 05/11/12 - 4:01 PM EDT
Tickers in this article: SYMCSymantec (SYMC) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day down 0.3%. By the end of trading, Symantec fell 8 cents (-0.5%) to $15.45 on average volume. Throughout the day, 7.6 million shares of Symantec exchanged hands as compared to its average daily volume of 6.9 million shares. The stock ranged in price between $15.44-$15.68 after having opened the day at $15.48 as compared to the previous trading day's close of $15.53. Other company's within the Computer Software & Services industry that declined today were: Kingtone Wirelessinfo Solution (KONE), down 16.5%, NQ Mobile (NQ), down 11.6%, inContact (SAAS), down 11.2%, and Wave Systems Corporation (WAVX), down 8.9%. Symantec Corporation provides security, storage, and systems management solutions internationally. The company's Consumer segment delivers Internet security, PC tune-up, and online backup solutions and services to individual users and home offices. Symantec has a market cap of $11.54 billion and is part of the technology sector. The company has a P/E ratio of 10.1, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 0.8% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate Symantec a buy, no analysts rate it a sell, and eight rate it a hold. TheStreet Ratings rates Symantec as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, attractive valuation levels, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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Tickers in this article: SYMC
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