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Gen Digital Locking in Big Money Support

By:
Lucas Downey
Published: Nov 22, 2024, 18:55 GMT+00:00

Shares of Gen Digital, Inc. (GEN) rise as Big Money investors buy.

Nasdaq, FX Empire

In this article:

GEN offers security, storage, and systems management solutions, primarily aimed at consumers. Its brands include Norton, Avast, Lifelock, Avira, AVG, and CCleaner. Through these brands, GEN has become a leader in cybersecurity offerings. And it’s looking to grow more through product innovation and expanding its business footprint.

As for earnings, GEN reported second-quarter 2025 per-share earnings of $0.54, which represents a 16% year-over-year increase and was in line with expectations. The company grew quarterly revenues by 3%, to $974 million, which mirrored the gain in direct customer business. For fiscal 2025, GEN expects overall revenue of more than $3.9 billion and EPS of $2.18-$2.23.

It’s no wonder GEN shares are up 31% in 2024 so far – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loves Gen Digital

Institutional volumes reveal plenty. In the last year, GEN has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in GEN shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Gen Digital.

Gen Digital Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, GEN has had impressive sales and EPS growth in recent years:

  • 3-year sales growth rate (+14.4%)
  • 3-year EPS growth rate (+16.6%)

Source: FactSet

EPS is estimated to ramp higher this year by +11.5%.

Now it makes sense why the stock has been powering to new heights. GEN has a track record of solid financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Gen Digital has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times over the last year. The blue bars below show when GEN was a top pick…lifting with time:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. It’s simple – Big Money demand drives stocks upward.

Gen Digital Price Prediction

The GEN rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in GEN at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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