Gen Digital (GEN) is set to report earnings, with forecasted turbulence. It has seen returns of
20% over the past year, although these have not exceeded the company's underlying earnings growth. The stock has underperformed on most days even on profitable days. However, it managed to outperform competitors on some strong trading days. Nevertheless, the stock fell sharply recently following reduced outlook from Norton's owner and missed earnings and revenue estimates in Q3, causing a 15% drop in stock value. Despite this, there is speculation that the stock might be undervalued by 44% and could present an opportunity for investors. The coming weeks are crucial for GEN as it prepares to announce Q1 earnings and Wall Street expects earnings growth. In addition, GEN is set to pay out a dividend of $0.125. However, there are concerns about the quality of GEN's earnings and debt management post-merger. Furthermore, it reached a peak when it reported Q3 FY24 results with bookings surpassing $1 billion.
Barclays has downgraded GEN stock citing limited ARPU growth potential. Despite these challenges, Gen Digital recently attracted more customers contributing to increased revenue per user. The company is now planning to get
Dan Levy on board for marketing Norton Genie while gearing up for the announcement of fiscal 2024 fourth quarter and full year results on May 9, 2024.
Gen Digital Stocks GEN News Analytics from Sun, 12 Mar 2023 08:00:00 GMT to Tue, 07 May 2024 13:34:01 GMT -
Rating -3
- Innovation 2
- Information 10
- Rumor -6
