Symantec Corporation (NASDAQ:SYMC) runs in leading trade, it slightly up 0.85% to traded at $24.91. SYMC attains analyst recommendation of 2.50 on scale of 1-5 with week’s performance of 1.44%. Symantec Corp. (SYMC) reported that it has filed a patent infringement lawsuit against Zscaler, Inc. in the U.S. Federal District Court for the District of Delaware.
Symantec’s Executive Vice President, General Counsel and Secretary, Scott Taylor stated that they have an obligation to their consumers and our shareholders to defend their intellectual property when they believe it has been infringed, and the lawsuit filed against Zscaler is intended to stop them from copying our pioneering technologies in network security.
To find out the technical position of SYMC, it holds price to book ratio of 3.96 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 14.29. SYMC is presenting price to cash flow of 2.73. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -882.40%, and looking further price to next year’s EPS is 49.05%. While take a short look on price to sales ratio, that was 4.20.
Palo Alto Networks, Inc. (NYSE:PANW) kept active in under and overvalue discussion, PANW holds price to book ratio of 13.40 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation.
Fundament/ News Factor in Focus
Taking look on ratio analysis, PANW has forward price to earnings ratio of 34.35. The co is presenting price to cash flow as 8.47 and while calculating price to free cash flow it concluded at 18.36, the low single digit may indicate stock is undervalued and vise versa. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower.
The firm has price volatility of 2.40% for a week and 2.93% for a month. Its beta stands at 1.01 times. Narrow down four to firm performance, its weekly performance was -0.90% and monthly performance was -15.88%.