Part of Wall St. thinks Symantec owns the computer security business, especially on the PC platfrom. And, part of Wall St. thinks that Microsoft Vista is going to take that market away. Symantec entered the year with its stock just shy of $18. It now trades just above $19 The company trades about 16 million shares a day, so the market pays attention.
Part of the reason investors are wary about the stock is that certain firms like S&P think the security software firm’s growth is slowing. If Vista horns into the market, that could get worse.
There is a case to be made that Symantec’s growth period is not over. In the period ending September 29, revenue grew 20% over the same quarter the previous year, hitting $1.26 billion. The company’s CEO said the company is on target to hit is financial goals for the year.
Even if the company can demonstrate that its revenue will not be stagnant, the shadow of Microsoft’s Vista security software is not going away soon.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
