GEN Should I Buy
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Gen Digital Inc (GEN) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, positive revenue growth, and new product launches provide solid long-term growth potential. Despite a recent price dip and neutral technical indicators, the stock's fundamentals and positive catalysts outweigh the short-term negative sentiment.
The stock's technical indicators are mixed. The MACD is positive but contracting, suggesting weakening momentum. RSI is neutral at 40.803, indicating no overbought or oversold conditions. Moving averages are bearish (SMA_200 > SMA_20 > SMA_5), and the stock is trading below key pivot levels (23.734). Support levels are at 22.535 and 21.794, while resistance levels are at 24.934 and 25.675.
Gen Digital reported a 26% YoY revenue increase to $1.2 billion in fiscal Q3
Free cash flow increased 42% YoY to over $1 billion, supporting dividends and stock buybacks.
New LifeLock product launches enhance financial security offerings, potentially driving future revenue growth.
Raised full-year revenue forecast to $4.955 billion-$4.975 billion.
Quarterly dividend of $0.125 per share declared, highlighting stable cash flow and profitability.
Regular market price dropped by -4.54%, reflecting short-term bearish sentiment.
Gross margin decreased by -2.77% YoY to 73.95%.
Analyst sentiment is neutral, with Barclays lowering the price target to $32 from $33.
In fiscal Q3 2026, Gen Digital achieved strong financial results: Revenue increased by 25.76% YoY to $1.24 billion, net income rose by 20.75% YoY to $192 million, and EPS grew by 19.23% YoY to $0.31. However, gross margin declined slightly to 73.95%, down -2.77% YoY.
Analyst sentiment is neutral. Barclays recently lowered the price target to $32 from $33 while maintaining an Equal Weight rating. No significant upgrades or downgrades were noted.
