GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Next, check out thebest-performing stocks in the S&P 500 over the past 20 years.
These services cater to over 500 million users in more than 150 countries worldwide.
One of the major revenue drivers of Gen Digital is from subscriptions to its various software offerings.
Gen Digitals growth has been modest.
GENs Performance and 5-Year Returns
Gen Digital has had moderate growth over the last five years.
When the COVID-19 pandemic hit in March 2020, the demand for online security solutions surged.
At the time, Gen Digitals share price stood at around $18.
As lockdowns happened in many countries, the broader stock market tanked.
However, companies offering cybersecurity solutions like GEN soared.
Over the past five years, shares of Gen Digital stock rose over 40%.
Despite the stiff competition, however, Gen Digital has continued to generate consistent revenue.
Youd have gained a solid return if you invested in Gen Digital in 2020.
Plus, Gen Digital pays dividends, which especially reinvested would increase your earnings.
Should You Invest In Gen Digital Now?
The company has a considerable market share in the cybersecurity space.
Gen Digital has positioned itself well with its suite of security offerings catering to both individuals and businesses.
So, whether Gen Digital stock is a buy or not depends on your financial goals and risk tolerance.
If youre looking for a cybersecurity stock with long-term growth potential, Gen Digital could be worth considering.
More From GOBankingRates
Share This Article:
