Gen Digital Inc. (GEN) -Synergies growing stronger after merger

Gen Digital Inc. (GEN) (Q1FY24)

Introduction

Gen Digital Inc. provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.

The company also provides Dark Web Monitoring product, which looks for personal information of its members on the Dark Web; Avast Secure Identity that provides advanced identity protection including credit monitoring and alerts; LifeLock Home Title Protect that detects fraud and notifies members; and Norton Social Media Monitoring that help keep customers’ social media accounts safer by monitoring them for account takeovers, risky activity, and inappropriate content. In addition, it offers Norton Secure VPN solution, which enhances security and online privacy by providing an encrypted data tunnel; Privacy Monitor Assistant, an on-demand, white glove service where agents help members delete personal information from data brokers online.

Avira Security, a consumer-focused portfolio of cybersecurity and privacy solutions; AntiTrack product, which helps to keep personal information and browsing activity private by blocking trackers and disguising digital fingerprints online; and Online Reputation Management solution that manages online search results, personal branding, and digital privacy. It markets and sells its products and related services through retailers, telecom service providers, hardware original equipment manufacturers, and employee benefit providers, as well as e-commerce platform. 

Highlights

Gen’s investment in technology and innovation has been a significant driver of both their current and future success. In their first year as Gen, they successfully launched several new products and features, significantly expanding their portfolio to offer customers
enhanced protection and control in the digital realm.

Stock performance

Gen Digital stock price was trading upwards during most of the three-month period showing an uptrend and gave positive returns of 17% returns during the same period.

In the past 3 years, the stock has given negative returns of -16%. The stock declined from $24.17 in FY20 to $20.20 in FY23 and has the current average price target mean of $23.29.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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