Computer security remains one of the biggest issues in the field of technologies. For this reason, companies which engage in creating protection from threats are valued by investors more and more.
Symantec Corporation (NASDAQ:SYMC), the provider of security solutions for consumers, has recently announced that after Strategic Hotels & Resorts has implemented Symantec’s products, this real estate investment trust in Chicago reduced its cost. The company’s products seem to be valuable to other companies. So how is Symantec doing in general?
Although the company hasn’t still issued its Q4 results and the present financial situation is under the shade, the stock has started to get traction from mid August. The stock price remained on a slight downtrend for most of 2010 until the bounce.[BANNER]
Comparing the financial results of Q3 of 2010 and 2009, it can be seen that although the revenues remained flat (1.42 billion dollars in 2009, and 1.43 billion dollars in 2010), the net income of Symantec Corp. has doubled from $74 million to $161 million.
Over a year the company has reduced its long term debt by almost 50%, from 1.792 billion to 853 million dollars. In the meantime, earnings per share jumped from $0.09 to $0.20 which makes present investors purchase more stocks, as well as attracts more new investors to join.
On one hand, computers and their security will remain the topic of discussion for a long time. However, the more products of the company are trusted, the more people are looking at such companies as investment opportunities.
