Home / Tech & Systems / Selling Boundary Nears To- Symantec Corporation (NASDAQ:SYMC), SunPower (NASDAQ:SPWR)

Selling Boundary Nears To- Symantec Corporation (NASDAQ:SYMC), SunPower (NASDAQ:SPWR)

Monday bloom on Symantec Corporation (NASDAQ:SYMC) [Trend Analysis], stock jumped up about 2.64% in early session as its gaining volume of 12.98 Million. Citi has raised its rating on Symantec (SYMC) to “buy” from” neutral” following resuming coverage of the stock. The firm also surged its price target to $26.50 from $17.50 on shares of the Mountain View, CA-based provider of security and information management solutions. Citi is positive on financial accretion from the Blue Coat acquisition and views the income targets as conservative, the Fly stated.

In June, Symantec stated it would buy the security and networking solutions firm for about $4.65 billion in cash. Earlier this week, Goldman Sachs reinstated coverage of Symantec stock with a “buy” rating and $26 price target, citing the Blue Coat acquisition. The stock showed weekly upbeat performance of 5.58%, which maintained for the month at 17.35%. Likewise, the positive performance for the quarter recorded as 41.26% and for the year was 42.19%, while the YTD performance remained at 42.45%. SYMC has Average True Range for 14 days of 0.45.

SunPower Corporation (NASDAQ:SPWR) [Trend Analysis] pretends to be active mover, stock knocked up about 0.86% to trade at $10.50.

The liquidity measure in recent quarter results of the firm was recorded 1.90 as current ratio, on the other side the debt to equity ratio was 1.71, and long-term debt to equity ratio remained 1.71. The Firm has gross margin of 11.30% and profit margin was negative -21.80% in trailing twelve months. To accommodate long-term intention, experts calculate Return on Investment of -8.50%. The firm has Profit Margin of negative -21.80%. (Read Recent [Free Analytic] Facts on NASDAQ:SPWR and Be Updated)

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About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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