Gen Digital Inc. (GEN) Monthly Overview
Publication Date: September 22, 2024
Company Overview
Gen Digital Inc. (GEN), headquartered in Tempe, Arizona, specializes in delivering cyber safety solutions within the Software – Infrastructure industry. The company, formerly known as NortonLifeLock Inc., boasts an impressive portfolio of security products, including well-established brands like Norton, Avast, and AVG. These offerings play a crucial role in safeguarding consumers across the U.S., Canada, and Europe against malware and various online threats. As the demand for cybersecurity intensifies in an increasingly digital world, Gen Digital is poised to capitalize on this trend, driven by a total revenue figure of approximately $3.83 billion.
Financial Performance and Outlook
The stock is currently valued at $26.48, with analysts projecting a target high price of $32.00, presenting a significant potential upside. A conservative mean price target of $27.20 underlines expectations for short-term growth. Despite a lack of data regarding EBITDA, the company demonstrates substantial financial activity with a stable share structure of 615,524,992 outstanding shares, of which only 0.038% are held short. This low short interest suggests a lack of significant bearish sentiment, reinforcing confidence in the firm’s performance amidst current market conditions.
Analyst Recommendations and Market Trends
Analyst sentiment leans towards a “strong buy” recommendation, with an average score of 2.3 from seven analysts, reflecting robust confidence in the company’s growth potential. The stock’s current price sits comfortably between a 52-week high of $27.13 and a low of $16.38, illustrating solid performance over the past year. With the fifty-day moving average at $25.649, the recent trading price indicates bullish momentum. The target low price of $22.40 provides a safety net, while the median price of $27.00 supports a well-rounded view of the company’s future performance potential. In summary, Gen Digital Inc. appears to be a compelling investment opportunity in the burgeoning field of cybersecurity as it continues to adapt to evolving digital threats.
| Metric | Value |
|---|---|
| Market Cap | $16.3b |
| Total Debt | $8.6b |
| Total Cash | $644.0m |
| Shares Outstanding | 615.5m |
| Float Shares | 557.7m |
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