
I know consumer cybersecurity (Norton/Avast/LifeLock) isn't the flashiest trade in the room, but $GEN DIGITAL INC(GEN)$ is printing money right now. They beat Q2 earnings on Wednesday night ($0.74 EPS on $1.37B revenue), gapped up 15.8% on Thursday, and instead of fading on Friday, buyers stepped right back in and pushed it up another 3.3% to $29.13.
Even after a 31% run in October, it’s still only trading at 14.7x earnings and pays a 1.7% dividend. No drama, just institutions steadily loading the boat.
Sometimes the boring charts pay the best. Anyone else holding this into November?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments