To make digital services easily accessible, cybersecurity firm Symantec CorporationSYMC recently rolled out an enhanced Wi-Fi router - Norton Core - that will offer a secure Internet connection.
The world is increasingly going digital and better Internet connectivity is more of a necessity than luxury today. This security software router is expected to be one of the most powerful home WiFi services in the United States.
Norton Core: Details, Price and Availability
Symantec's Norton Core is shaped like a geodesic dome and will be initially available in silver and gold. As far as technology is concerned, the router structures three hardline LAN ports and uses 4X4 AC2600 MIMO connectivity, which can send and receive a vast amount of data without any bottlenecks.
The router is available with a subscription to Norton's Norton Core Security Plus that provides total security for PCs, Macs, Apple AAPL iOS, Android and improves the security of unlimited Internet of Things (IoT) devices. According to Symantec's product manager, the security software will be updated on a regular basis to unlock new features.
Priced at $199.99, the wireless router can be pre-ordered and will be available to end-users in summer 2017.
A Few Facts
According to the press release, "Symantec's new connected-home security suite attempts to safeguard "today's home networks, bursting with connected devices, thermostats and refrigerators," with "exceptional security to protect against malware, viruses and suspicious activity."
Thanks in part to the global web connections, we have the ability to interact with people and things on an incredible level. There are many industries and companies that aim to advance this experience. The growing IoT market connects our household or commercial items to a wireless network by embedding them with electronic, software, or sensor technology. This network of devices allows us to step into a wireless world that relies less and less on direct human-to-computer interaction.
According to research firm IDC, per The Wall Street Journal, the IoT market could nearly triple in the coming years. In 2014, the global IoT market was worth $655.8 billion, but it could reach up to $1.7 trillion by the year 2020.
Given the room for growth, investors can now consider investing in IoT and Symantec might be a good option for them.
Symantec provides a broad range of content security and information backup solutions to individuals and enterprises. Moreover, the company's mobile and cloud security products are gradually gaining market acceptance. The storage and server management business provides recovery solutions and heterogeneous storage-end server platforms. We believe these innovative products and solutions will help Symantec win customers, thereby increasing its business volume.
Over the last one year, Symantec has gained 14.4% compared with the Zacks categorized Computer-Software industry's average return of just 11.2%.
However, smaller companies like Kaspersky are consistently launching comparable products. These, along with competition from the likes of Intel INTC and Microsoft MSFT , remain headwinds. The uncertainty over PC sales adds to its woes.
Currently, Symantec carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>