From NASDAQ.: 2024-06-03 09:54:00

Gen Digital stock has gained 8.8% YTD, outperforming the sector’s growth of 2.5%. With back-to-back quarters of strong financial performance, Gen Digital is poised for growth. It beat earnings estimates in 50% of the last four quarters and forecasts 3.6% revenue growth in 2025. The cybersecurity market offers ample expansion opportunities for the company.

Gen Digital’s wide portfolio of brands, including Norton, Avast, AVG, and CCleaner, provides stability and revenue diversification. The company’s focus on small and medium businesses (SMBs) in the cybersecurity space presents growth opportunities. With a Zacks Rank #2 (Buy) and a Growth Score of B, Gen Digital is a strong investment choice in the technology sector.

Investors should also consider NVIDIA Corporation, a top-ranked stock with a Zacks Rank #1 and a Growth Score of A. NVIDIA’s fiscal 2025 revenues are projected to grow by 91% year-over-year, with the consensus estimate for earnings showing a 107% increase. The stock has surged 121.4% YTD and is well-positioned to capitalize on the growing demand for AI, ML, and IoT technologies.



Read more at NASDAQ.: Here’s Why Gen Digital (GEN) is a Promising Portfolio Pick Now