Jovita Baltrusaityte

Antivirus .NET Attacking, While Symantec (NASDAQ:SYMC) Stock Keeps Rising

by Jovita Baltrusaityte February 16, 2011


In the very beginning of February 2011, SYMC announced its Q3 results, which didn't look as good as expected. According to the report, total current assets decreased from $3,944 million to $3,893 million. At the same time, total current liabilities jumped up by 21% and the company isn't able to cover its obligations. However, comparing the Q3 of 2009 and 2010, it is seen that gross profit increased from $1,290 million to $1,340 million.

Although it's just a minor step up, maybe the last quarter will bring better news to the company and its investors. Besides, in case Symantec Corporation keeps pace with cyber criminals who create different kind of malware and provide its customers with suitable assistance, the company will not only attract more customers, but more and more investors will start trading SYMC shares.

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