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The Company deals in infrastructure software, enabling businesses and consumers to have confidence in a connected world.
cybersecurity will only become more important
The company's play to split into two parts should eventually boost the stock.
cyber-cramer-when new cel is announced should bounce
I picked this stock because it is rated 10 by Stockscouter, it has a dividend and a beta computed by Yahoo Finance of more than 1.
This company is currently underrated. They have been around for a long time and I believe they will continue to be a leader in the computer security industry.
Buying on the dip - solid company that's been around a long time - they'll figure this out.
There is a growing market for data security and the competition has never been as vast. Competitors have vigorously grown and has outpaced its peers including Symantec Corp. Symantec Corp's current technology is outdated and they no longer have their innovative edge. Their management is a mess. They lack a coherent strategy. Future prospects looks slim with their slowing growth. Their problem could be observed with Symantec's CEO Steve Bennett recently stepping down. Symantec's peers will continue to outpace them unless significant changes are observed.
Oversold and actually turning into a yield play here (3%)
2FA will be huge
I work in hosting and their products are falling behind. Tons of turnover, bad sales teams...you name it, I would run
Huge competition, limited growth, lousy products
Security is a greater concern than ever, especially in cloud computing, and SYMC will be right there. They are performing above expectations and will continue to do so.
Symantec's downfall started when they bought Veritas in 2005 and hasn't stopped. In the enterprise side of the business which accounted for the majority of revenue, they keep acquiring companies/new technologies as they have cash but what will keep them from outperforming is the fact that they put management from these smaller acquisitions in charge of senior seasoned Symantec employee's. The result is layoff's off seasoned staff that did not previously work for the newly acquired management. In their main R&D location in the LA area, they keep laying off seasoned, quality employee's and sourcing their work to their office in India which produces inferior products. Their is a talent bleed to McAfee as a result. My money is on McAfee/Intel in the long run.
With competition from MSFT, and it not being needed on tablets, Symantec isn't as useful as it used to be.
intel is taking out mcafee. Symantec has verisign. Long term Symantec should outperform
Undervalued, oversold @ $13.04/share.
SYMC is hurting with the declining euro and global recession. It is very well positioned to profit as companies resume storage and security spending. Symantec is cutting edge in many security technologies (reputation, behavioral heuristics) which is becoming more apparent as threats evolve and the commodity vendors' virus definition-based security show their age.
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