Tech stocks for your portfolio: Symantec Corporation (SYMC), Applied Materials, Inc. (AMAT)

Symantec Corporation (SYMC) ended last trading session with a change of 2.4 percent. It trades at an average volume of 6.37M shares versus 9.58M shares recorded at the end of last trading session. The share price of $30.75 is at a distance of 91.78 percent from its 52-week low and down 2.3 percent versus its peak. The company has a market cap of $19.07B and currently has 620M shares outstanding. The share price is currently 6.11 percent versus its SMA20, 12.28 percent versus its SMA50, and 29.04 percent versus its SMA200. The stock has a weekly performance of 5.6 percent and is 29.05 percent year-to-date as of the recent close.

On March 2, 2017 Symantec Corporation (SYMC) announced the formation of Symantec Ventures to help cyber security startups accelerate the delivery of core innovation to the security marketplace. In addition to contributing capital, Symantec aims to help the startup community reduce expenses and accelerate time to market.

Symantec CEO Greg Clark said, “We are launching Symantec Ventures to catalyze innovation in the cyber security space. Too often entrepreneurs spend valuable time and resources building endpoint chassis, network appliances or cloud infrastructure instead of focusing their efforts on their true value-add innovation. We can help startups by allowing them to build on our extensible Integrated Cyber Defense Platform. For example, a new algorithmic approach to anomaly detection can be built on top of our endpoint platform or run on top of our network and cloud security drive train. This strives to enable Symantec’s more than 385,000 enterprise customers – which includes many of the largest enterprises in the world – to tap into the rich ecosystem of ideas in the marketplace and allow entrepreneurs to dramatically reduce their time to market.”

Applied Materials, Inc. (AMAT) recently recorded 0.84 percent change and currently at $38.44 is 100.29 percent away from its 52-week low and down 0.65 percent versus its peak. It has a past 5-day performance of 4.29 percent and trades at an average volume of 9.2M shares. The stock has a 1-month performance of 8.87 percent and is 19.46 percent year-to-date as of the recent close. There were about 1.08B shares outstanding which made its market cap $41.44B. The share price is currently 5.78 percent versus its SMA20, 10.59 percent versus its SMA50, and 29.53 percent versus its SMA200.

On March 13, 2017 Applied Materials, Inc. (AMAT) announced that it has been recognized as a 2017 World’s Most Ethical Company© by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.

“Applied Materials takes pride in building a strong culture of ethics and empowering our employees to make good business decisions every day,” said Steve Adams, vice president, Litigation, Protection and Compliance at Applied Materials. “I want to thank all of our employees around the world for upholding our reputation as a trusted business and community partner.”