10 Best Affordable Tech Stocks To Invest In Now

8. Gen Digital Inc. (NASDAQ:GEN)

Forward P/E Ratio: 14.04

Earnings Growth This Year: 12.28%

Number of Hedge Fund Holders: 27

Gen Digital Inc. (NASDAQ:GEN) is a global cybersecurity company that focuses on protecting individuals and businesses from online threats. It operates several well-known brands that provide various cybersecurity solutions, including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner.

With cybersecurity threats on the rise, the use case of companies like Gen Digital Inc. (NASDAQ:GEN) is getting highlighted. For instance, according to a report published by Security Intelligence on August 19, the US National Public Data Breach resulted in exposing data of an estimated 270 million social security numbers, leaving one out of three Americans at threat of identity attack.

Management of the company noted that the recent identity threat incidents resulted in more customers acquiring its cybersecurity services. During the second quarter results for fiscal 2025, the company reported adding 389,000 new customers to expand its total customer base to 39.7 million.

The company also improved its bookings by 5% year-over-year, marking the 21st consecutive quarter of growth. Its Anti Scam solution provided by Norton uses AI to protect against Identity scams, the app has been downloaded by more than 1.6 million users to date. Management noted that stronger growth in the US market and more awareness of its identity offering resulted in higher revenues for the company. During the quarter it grew its total revenue of $974 million by 3% year-over-year.

The company expects its cyber safety bookings to keep growing throughout the fiscal year 2025 at a steady rate of 4% to 5%. It is one of the best affordable tech stocks to invest in now.