Gen Digital Inc. (GEN) Stock Price & AnalysisWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general
Key indicators on Trade Set Up in general
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
The quarter ending at June 2024
The company's total revenue for the quarter stood at $965 million, increasing 2% year over year. Now, let's delve into GEN's international revenue breakdown to gain insights into the significance of its operations beyond home turf
During the quarter, EMEA contributed $233 million in revenue, making up 24.2% of the total revenue. When compared to the consensus estimate of $231.85 million, this meant a surprise of +0.5%. Looking back, EMEA contributed $234 million, or 24.2%, in the previous quarter, and $225 million, or 23.8%, in the same quarter of the previous year
For the current fiscal quarter, it is anticipated by Wall Street analysts that Gen Digital will report a total revenue of $967.68 million, which reflects an increase of 1.3% from the same quarter in the previous year. The revenue contributions are expected to be 24.1% from EMEA ($233.32 million) and 10.3% from APJ ($100.06 million)
For the full year, a total revenue of $3.9 billion is expected for the company, reflecting an increase of 2.2% from the year before. The revenues from EMEA and APJ are expected to make up 24.2% and 10.4% of this total, corresponding to $943.1 million and $404.32 million respectively
Conclusion | Trade Plan Execution & Risk Management on Demand
Gen Digital Inc. (GEN) Stock Price & Analysis: Overall Consensus | Buy
GEN trade ideas
Why $GEN could be a potential company?Gen Digital Inc. (NASDAQ: GEN), formerly NortonLifeLock, is a global provider of cybersecurity solutions. The company offers various security and performance products under well-known brands such as Norton, Avast, Avira, AVG and CCleaner. These products protect against malware, viruses, adware and other online threats on PCs, Macs and mobile devices.
In recent years, Gen Digital has delivered solid financial performance. For fiscal year 2024, the company reported record profitability and organic growth for the fifth consecutive year. Despite some concerns about debt levels, the company is actively managing its finances and has a $3 billion share buyback program approved by the board of directors
5/9/24 - $gen - buying a dip, but has to be sub $17, eyes out5/9/24 - vrockstar - b2b's are getting squashed (software generally), and i don't like the long setup into this print so if beats/ stock rips... you don't lose by not participating (beyond the oppty cost)
that said, i LOVE the idea of dip buying here b/c of healthy growth profile, reasonable 5-6x sales (not excellent, but not to stay away from), the 10x PE needs to be adjusted for monster debt (which is "fine" for a cash generator), but the real pro forma is closer to 20x which isn't great in this tape. genuinely like the biz, don't love the capital stack. looking to enter nearer to the gap fill territory of $18 but b/c of the debt that limits the benefit of buying -12-15% here (which means the enterprise value only falls by half of this), i'd need a target of closer to mid teens so call it less than $17 to start buying, and i'm starting to size up below $16 to sell some C's off the top. curious if anyone has a more nuanced POV here
Gen Digital's Struggle to Secure Cybersecurity DominanceIn the fast-evolving world of cybersecurity, Gen Digital (NASDAQ: NASDAQ:GEN ), a key player renowned for its Norton and Avast services, recently faced a turbulent ride on the stock market. The company witnessed an 11.2% drop in its stock price during the latest trading session, leaving investors and analysts disappointed. This decline was attributed to Gen Digital's (NASDAQ: NASDAQ:GEN ) third fiscal quarter results, released on December 29, 2023, which fell short of market expectations.
Quarterly Results Recap:
Despite achieving its 18th consecutive quarter of annual sales growth, with a 1.6% increase compared to the previous year, Gen Digital's (NASDAQ: NASDAQ:GEN ) revenue growth missed the mark. The company reported non-GAAP earnings per share of $0.49 on revenue of $951 million, slightly below the average analyst estimate of $0.50 per share on sales of approximately $956.6 million. This underperformance suggests that Gen Digital (NASDAQ: NASDAQ:GEN ) may be struggling to capitalize on the robust growth opportunities within the cybersecurity industry.
Looking Forward:
As investors seek clarity on Gen Digital's (NASDAQ: NASDAQ:GEN ) trajectory, the company provided guidance for the fourth quarter, projecting sales between $960 million and $970 million. However, this outlook still falls significantly below the average analyst estimate of $974.3 million. The company's adjusted earnings guidance of $0.52 to $0.54 per share aligns closely with Wall Street's expectations of $0.53 per share. Despite trading at a relatively low valuation, with a price-to-earnings ratio of under 11 times this year's expected earnings, the recent quarterly results and guidance have cast a shadow on Gen Digital's (NASDAQ: NASDAQ:GEN ) long-term growth outlook.
Challenges and Opportunities:
The cybersecurity landscape is fiercely competitive, and Gen Digital's (NASDAQ: NASDAQ:GEN ) struggles raise questions about its ability to navigate this challenging terrain. The company's disappointing quarterly results underscore potential difficulties in capitalizing on industry growth, posing a considerable challenge to its market dominance. Investors are left pondering whether Gen Digital can overcome these hurdles and regain momentum.
Conclusion:
As Gen Digital (NASDAQ: NASDAQ:GEN ) grapples with disappointing quarterly results and unmet market expectations, caution should be exercised by potential investors. While the stock may appear attractively valued, the competitive cybersecurity landscape demands a close watch on Gen Digital's (NASDAQ: NASDAQ:GEN ) future performance. The company's ability to adapt, innovate, and regain market confidence will be pivotal in determining its long-term success.
BreakdownWe have fallen through the trading range prevailing since 12th September.
As we are in a downtrend since 7th August it can be seen as a continuation of this trend.
$GEN Double BottomNASDAQ:GEN has formed a double bottom on the daily chart. A break and hold above the $18.09 price on the daily time frame will be entry point for pattern confirmation. The target is $20.66 with one possible resistance in the way at $19.59. Currently the RSI is overbought.
$GEN with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for $GEN after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 55.56%.
