12 Most Undervalued Tech Stocks to Invest in Now

Page 2 of 11

10. Gen Digital Inc. (NASDAQ:GEN)

Forward P/E Ratio: 12.4

Earnings Growth: 12.50%

Number of Hedge Fund Holders: 27

Gen Digital Inc. (NASDAQ:GEN) is an international provider of cyber and online security. It provides its services through a portfolio of well-known cyber security brands including Norton, Avast, LifeLock, Avira, AVG, and more.

Cybersecurity threats have been on the rise, a report by Security Intelligence published on August 19, 2024, highlighted that the US National Public Data Breach led to the exposing of around 270 million social security numbers, indicating that one out of three Americans are at risk of identity theft. This has further highlighted the use case for companies like Gen Digital Inc. (NASDAQ:GEN). During the second quarter earnings conference for fiscal 2025, management highlighted that as a result of increased cyber crimes, the company added 389,000 new customers to its client base to reach 39.7 million total customers.

To further improve the portfolio of its security offerings, management on December 10, 2024, announced its acquisition of MoneyLion, a consumer finance platform, for approximately $1 billion. The acquisition is aimed at enhancing the company’s offering in financial wellness alongside its existing cybersecurity and identity protection services. Gen Digital Inc. (NASDAQ:GEN) ranks 11th on our list of most undervalued tech stocks to invest in now.

Page 2 of 11