June 14, 2013 at 10:55 AM EDT
StockCall Scrutinizes SYMC, CHKP, FIRE, and KEYW
StockCall.com Provides Stock Research on Symantec Corp., Check Point Software Technologies Ltd., Sourcefire Inc., and The KEYW Holding Corp.
New York City, New York -- (June 14, 2013)
While the uncertain economic environment in the U.S. due to the fiscal cliff issue led to businesses scaling back their spending on technology products and services, spending on security software & services remained robust. One of the reasons for the strong performance has been increasing cyber threat. A survey from Gartner last year showed that security is likely to remain a priority in the coming years. Gartner expects security spending to reach $86 billion in 2016. On Thursday, June 13, 2013, shares in security software & services companies ended mostly higher, tracking gains in the broader market, which rallied despite ongoing worries over the Federal Reserve’s bond buying program. The major movers in the sector included Symantec Corporation (NASDAQ: SYMC), Check Point Software Technologies Ltd. (NASDAQ: CHKP), Sourcefire Inc. (NASDAQ: FIRE), and KEYW Holding Corp. (NASDAQ: KEYW). StockCall reviewed the Security Software & Services industry and chose SYMC, CHKP, FIRE, and KEYW for its technical coverage. These free reports can be seen for free at
Shares in Symantec Corporation rose sharply on Thursday. The company’s shares hit an intraday high of $22.54 before finishing the day 1.40% higher at $22.49. It saw a total of 10 million shares traded which is below the daily average volume of 10.51 million. Shares of SYMC have gained 19.50% so far this year, thus outperforming the S&P 500. The stock is currently trading 10.97% below its 52-week high. Shares of the company are still trading below their 50-day moving average. Download the free research on SYMC by signing up now at
Check Point Software Technologies Ltd’s stock moved lower yesterday, extending its losses from previous sessions. The company’s shares hit an intraday low of $48 before finishing the day 0.96% lower at $48.69. A total of 1.86 million shares were traded which is below the daily average volume of 1.59 million. Shares of the company have now fallen nearly 3.60% in the last three sessions. So far this year, the stock has grown 2.20%, but it is still underperforming the S&P 500. Register for today’s free analysis on CHKP at
Shares in Sourcefire Inc. moved higher on Thursday, reversing some of its losses from previous sessions. The company’s shares ended the day 2.35% higher at $53.64 after trading between $51.74 and $53.78. A total of 322,772 shares were exchanged which is well below the daily average volume of 596,442. Shares of the company are still down nearly 1.10% in the last three sessions. The stock is currently trading 9.83% below its 52-week high. Shares of FIRE are also trading slightly below their 50-day moving average. Free report on FIRE can be accessed by registering at
Shares in KEYW Holding Corp. ended slightly lower yesterday, extending their losses from past sessions. The company’s shares ended the day 0.35% lower at $14.18 after trading between $14.09 and $14.39. A total of 219,141 shares were traded, which is slightly below the daily average volume of 239,379. Shares of the company have fallen more than 4% in the last three sessions. However, despite the recent losses, the stock is still trading up by over 11.70% since the start of this year. KEYW’s shares are currently trading 13.80% below their 52-week high.Register withStockCall and download the research on KEYW for free at
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William T. Knight
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