Symantec Corporation (SYMC) saw its value increase by 0.16% as the stock gained $0.04 to finish the day at a closing price of $25.25. The stock was lighter in trading and has fluctuated between $16.14-$25.72 per share for the past year. The shares, which traded within a range of $25.17 to $25.37 during the day, are up by 20.52% in the past three months and up by 41.59% over the past six months. It is currently trading 0.86% above its 20 day moving average and 6.16% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $24.89 a share over the next twelve months. The current relative strength index (RSI) reading is 64.41.The technical indicator lead us to believe there will be no major movement any time soon, hold.
Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Security and Enterprise Security. The Consumer Security segment offers Norton-branded services that provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals, families, and small businesses. Its Norton Security products help customers protect against complex threats and address the need for identity protection, while also managing mobile and digital data, such as personal financial records, photos, music, and videos. The Enterprise Security segment provides threat protection products, information protection products, cyber security services, and Website security offerings.
Symantec Corporation was founded in 1982 and is headquartered in Mountain View, California. Its products protect customer data from threats, such as advanced protection threats, malicious spam and phishing attacks, malware, drive-by Website infections, hackers, and cyber criminals; prevent the loss of confidential data by insiders; and help customers achieve and maintain compliance with laws and regulations. This segment delivers its solutions through various methods, such as software, appliance, software-as-a-service, and managed services. The company serves individuals, households, and small businesses; small, medium, and large enterprises; and government and public sector customers. It markets and sells its products and related services through direct sales force, e-commerce platforms, distributors, direct marketers, Internet-based resellers, system builders, Internet service providers, wireless carriers, retailers, original equipment manufacturers, and retail and online stores.