Back to top

Image: Bigstock

Symantec (SYMC) in Focus: Stock Gains 5.3% in Session

Read MoreHide Full Article

Symantec Corporation was a big mover last session, as the company saw its shares rise more than 5% on the day.  Shares moved up after the company announced that it will acquire privately-held cybersecurity firm Blue Coat for $4.65 billion. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.89 to $17.43 in the past one-month time frame.

This computer-software industry stock witnessed three negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Symantec has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, a better-ranked stock in the same space is CommVault Systems, Inc. (CVLT - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

Is SYMC going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


CommVault Systems, Inc. (CVLT) - free report >>

Published in