Gen Digital (GEN), despite under-performing compared to competitors throughout the week, experienced strong trading days that saw it outperform its rivals on multiple occasions. Recent analyst recommendations from
Wells Fargo have shown strong faith in the firm, upgrading its valuation to
'Overweight' and subsequently to
'Strong-Buy' ahead of their Q2 earnings report. Investors in GEN have seen significant returns, and even though the stock may occasionally still underperform the market, it maintains a definite growth potential. There has been an apparent undervaluation of the company’s stock by approximately
29%, despite its conspicuous performance and reasonable P/E amidst a 29% surge. GEN's Q4 earnings have surpassed both earnings and revenue estimates, while the previous fiscal year's profitability was a record high, aligning with analyst EPS projections. However, weak antivirus software demand led to a below estimates Q4 revenue forecast. Amidst these indicators, the company's CEO,
Vincent Pilette, sold over $4.5m in company stock, and one insider reduced their stake by 51%. Nonetheless, GEN is considered a promising stock to include in portfolios with its robust balance sheet and has even enlisted
Dan Levy to Market Norton Genie.
Gen Digital Stocks GEN News Analytics from Fri, 15 Jul 2016 13:11:14 GMT to Sat, 26 Oct 2024 06:07:43 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -2
