Gen Digital
About: Gen is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's cyber safety offerings, via brands such as Norton, Avast, and LifeLock, have long maintained their positions as some of the most recognizable consumer-focused security and identity-protection products.
Employees: 3,400
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
24% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 59
14% more call options, than puts
Call options by funds: $31.4M | Put options by funds: $27.6M
7% more capital invested
Capital invested by funds: $13.2B [Q2] → $14.1B (+$933M) [Q3]
3% more funds holding
Funds holding: 558 [Q2] → 572 (+14) [Q3]
1% more repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 209
0.81% less ownership
Funds ownership: 84.38% [Q2] → 83.57% (-0.81%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 3 (-3) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$29
4%
upside
Avg. target
$32
15%
upside
High target
$37
33%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
RBC Capital Matthew Hedberg 70% 1-year accuracy 147 / 209 met price target | 4%upside $29 | Sector Perform Reiterated | 11 Dec 2024 |
Wells Fargo | 33%upside $37 | Overweight Maintained | 31 Oct 2024 |
Barclays Saket Kalia 63% 1-year accuracy 35 / 56 met price target | 8%upside $30 | Equal-Weight Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 10 articles about GEN published over the past 30 days
Positive
24/7 Wall Street
3 days ago
The 2 Best Dividend Stocks to Buy Under $30
Buying dividend stocks is a popular path to passive income. You don't have to worry about maintaining a dividend stock as you would with real estate.
Neutral
PRNewsWire
1 week ago
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of MoneyLion Inc.
NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by MoneyLion Inc. (NYSE: ML) and its board of directors concerning the proposed acquisition of the company by Gen Digital Inc. (NASDAQ: GEN). Stockholders will receive $82.00 and one contingent value right worth $23.00 for each share of MoneyLion stock that they hold.
Positive
PYMNTS
1 week ago
Gen Digital to Add Financial Wellness Tools With MoneyLion Acquisition
Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company entered into a definitive agreement to make the acquisition, which will add MoneyLion's financial empowerment resources to Gen Digital's credit and identity protection solutions, the companies said in a Tuesday (Dec. 10) press release.
Positive
Reuters
1 week ago
Avast antivirus owner Gen Digital acquires MoneyLion in $1 bln deal
Norton and Avast owner Gen Digital has agreed to buy fintech firm MoneyLion in an all-cash deal valued at about $1 billion to beef up its consumer finance offerings, the companies said on Thursday.
Neutral
PRNewsWire
1 week ago
Gen Extends its Financial Wellness Offerings with the Acquisition of MoneyLion
Gen Adds Financial Empowerment to Credit and Identity Protection Solutions TEMPE, Ariz. and PRAGUE , Dec. 10, 2024 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom through its family of consumer brands, announced today that it has entered into a definitive agreement to acquire MoneyLion Inc. (NYSE: ML), a leading digital ecosystem for consumer finance that empowers everyone to make their best financial decisions.
Neutral
MarketBeat
2 weeks ago
Top Cybersecurity Stock Picks for 2025
Cybersecurity threats continue to rise, and companies across sectors anticipate increasing spending on defense measures to prevent or lessen the damage caused by these attacks in the future. According to a recent survey of more than 1,000 executives across industries by Deloitte, 57% of respondents expect their companies to boost cybersecurity spending over the coming 1-2 years.
Neutral
PRNewsWire
2 weeks ago
Gen Reveals Cybersecurity Predictions for 2025
AI will begin to blur reality, data theft will pave the way for identity theft, and scams will become hyper-personalized and data-driven following a year of large-scale breaches TEMPE, Ariz. and PRAGUE , Dec. 4, 2024 /PRNewswire/ -- Gen™ (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom through its family of Cyber Safety brands, today released its top cyberthreat predictions for 2025.
Positive
Zacks Investment Research
3 weeks ago
Gen Digital (GEN) Up 5.9% Since Last Earnings Report: Can It Continue?
Gen Digital (GEN) reported earnings 30 days ago. What's next for the stock?
Neutral
FXEmpire
4 weeks ago
Gen Digital Locking in Big Money Support
Shares of Gen Digital, Inc. (GEN) rise as Big Money investors buy.
Positive
Seeking Alpha
4 weeks ago
Gen Digital: A Robust Business Facing A Secular Threat
Gen Digital's robust business model and superb profitability positioned it well for the upcoming consolidation in the segment it competes in. Despite its superb profitability and great position, Gen Digital currently faces a secular threat that could negatively affect its business in the future. Gen Digital's focus on its existing customers positioned it for stable and profitable growth.
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