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Security Software Firm Shows Vibrant Growth.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: David Saito-Chung
Symantec is near the top of a seven-month base, which itself lies on top of a two-year price structure.
The company makes virus detection and firewall software for PCs for the office and home markets. Earnings have grown 30% or faster in three of the past four quarters and every year since 2000. Profit fell 24% in the June fiscal first quarter.
Revenue has grown more consistently, rising 24% to 39% from year-ago levels in the past five quarters.
The Computer Software-Security industry group has surged to 14th among 197 IBD groups for six-month relative price performance. It was ...
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