Symantec (NASDAQ: SYMC)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group (NYSE: JEF) in a research note issued to investors on Thursday.
Separately, analysts at Credit Agricole downgraded shares of Symantec to an “outperform” rating in a research note to investors on Thursday. Analysts at CLSA downgraded shares of Symantec from a “buy” rating to an “outperform” rating in a research note to investors on Thursday. Also, analysts at Wunderlich reiterated a “buy” rating on shares of Symantec in a research note to investors on Thursday. They now have a $22.00 price target on the stock.
Symantec Corporation (Symantec) is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information and identities. Symantec conducts the business in three geographic regions: Americas, which consist of the United States, Canada, and Latin America; Europe, the Middle East and Africa, and Asia Pacific Japan. The Company has five operating segments: Consumer, Security and Compliance, Storage and Server Management, Services, and Other. It provides customers with software and services that protect manage and control information risks related to security, data protection, storage, compliance, and systems management. It also maintains important relationships with a number of Original Equipment Manufacturers, Internet Service Providers, and retail and online stores. During the fiscal year ended April 1, 2011, Symantec acquired GP Corporation. On June 24, 2011, the Company acquired Clearwell Systems Inc.
Symantec traded down 1.64% on Thursday, hitting $16.79. Symantec has a 52-week low of $14.94 and a 52-week high of $20.50. The stock has a 50-day moving average of $15.93 and a 200-day moving average of $16.88. The company has a market cap of $12.377 billion and a price-to-earnings ratio of 19.42.