Gen Digital Inc
GEN: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$84.00 | Xxr | Xnltwgvk |
Gen Digital Closes Out Q2 Fiscal 2023 With Results in Line With Our Estimates; Shares Fairly Valued
We are maintaining our $24 fair value estimate for Gen Digital (formerly NortonLifeLock) after the firm reported fiscal second-quarter results broadly in line with our estimates. While we maintain our no-moat rating for Gen, primarily due to the competitive dynamics within the consumer-facing cybersecurity space, we see potential growth opportunities for the firm via international expansion and increased utilization of partner channels.