Tomahawk, WI 8/02/2013 (Basicsmedia) – Symantec Corporation (NASDAQ:SYMC), which is the short name used to refer to Symantec Corporation, has been in business for close to three decades since it was founded in 1982. This is a company which is well known for its services which revolve around backup, security and availing solutions to all corners of the world, The company has a staff of around 21,500 of which a good number is located at its headquarters in Mountain View, California. This article seeks to address whether SYMC is gaining or losing in the stock market, and what can be learnt from its financial results.

How is SYMC Stock Performing?

Investors love to examine the stock market and monitor how their investments are performing. Anyone with investments in SYMC falls in this category of people with vested interest in the performance of this company in the stock market. The diagram below gives a clear indication of how the company’s stock looks like.

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This chart shows the latest stock price performance of SYMC, as at August 1, 2013. The image is courtesy of http://finance.yahoo.com/q?s=symc.

The current stock price for SYMC shares is an impressive $27.91 per share. Why do I say impressive? Well, it is due to the fact that the price is the best and highest ever since December 2004, when SYMC shares attracted similar rates. Just a day earlier, this security company’s stock price had been pegged at $25 per share thus indicating a huge improvement in less than 24 hours. It has been reported that this trend is partly due to the bullish nature and wide expectations where the company is expected to continue performing much better than it already has done.

Moreover, a close look at the performance of most companies in the stock exchange, indicates that SYMC stock attracted special attention because it performed the best. By the time the company was closing its trading session, it had reported a gain of not less than 9.6%, and was thus able to stand out from the rest. It would have been the only company to have recorded double digit gain in its stock price, and this would have been nothing short of impressive. Its revenue of $1.71b was more than the $1.61 which was expected.

The earnings of $0.44 for every share held, was more than the $0.36 which was expected.

How Will SYMC Perform in Future?

Looking forward, it appears that the company is not as bullish as it has been, or shown itself to be thus far. SYMC projects that it will end up with EPS revolving around $0.42-$0.44, in addition to attracting revenue of not less than $1.65b-$1.69b. this is not what the industry exerts and analysts have been saying, and their figures are revenues of $1.71b measured against earnings per share of not less than $0.45. Based on this information, one would be forgiven for being a tad cautious going forward.

This is one of the trickiest companies to talk about. The fact that it has achieved the highest stock price in close to nine years is a good indication that something is right with this company. A bit if caution is required going forward instead of rushing to make rash decisions which are not based on fact, or not supported by the accurate data and information.  It seems to possess stock which a person had better hold on to for much longer.

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