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Is Gen Digital Stock Underperforming the S&P 500?
Yahoo Finance· 2025-09-22 12:55
Company Overview - Gen Digital Inc. (GEN) is based in Tempe, Arizona, and specializes in cyber safety solutions for individuals, families, and small businesses, with a market cap of $17.9 billion [1] - The company provides security and performance management, identity protection, and online privacy solutions, positioning itself as a large-cap stock in the software-infrastructure industry [2] Financial Performance - GEN reported a significant revenue increase of 30.3% year-over-year, reaching $1.3 billion, and an adjusted EPS of $0.64, which is a 20.8% increase from the previous year [5] - The company raised its fiscal 2026 guidance, expecting revenue between $4.8 billion and $4.9 billion, and adjusted EPS between $2.49 and $2.56, which has positively influenced investor confidence [5] Stock Performance - GEN's stock has declined 10% from its 52-week high of $32.22, reached on August 13, and has underperformed the S&P 500 Index, which rose 11.4% over the same three-month period [3][4] - Over the past 52 weeks, GEN's stock has gained 7.9%, lagging behind the S&P 500's 16.6% increase, and on a year-to-date basis, GEN is up 5.9% compared to the S&P 500's 13.3% return [4] Market Position - Despite recent underperformance, analysts maintain a moderately optimistic outlook for GEN, with a consensus rating of "Moderate Buy" from nine analysts and a mean price target of $36, indicating a potential 24.2% upside from current levels [6] - GEN has significantly lagged behind its competitor, Zscaler, Inc. (ZS), which has seen a 70.5% increase over the past 52 weeks and a 63.1% increase year-to-date [6]
Tap These ETFs for Important Cybersecurity Exposure
Etftrends· 2025-09-22 12:51
Core Insights - Cybersecurity is increasingly in the spotlight as hackers become more daring and ambitious in their targets, which include well-known companies behind various goods [1] Industry Summary - The rise in cyberattacks highlights the growing importance of cybersecurity measures across industries, as companies face heightened risks from sophisticated hacking attempts [1] - Familiar companies are becoming prime targets for hackers, indicating a shift in the landscape of cybersecurity threats [1]
Global Economy Navigates Geopolitical Tensions, Monetary Policy Shifts, and Sectoral Headwinds
Stock Market News· 2025-09-22 07:38
Group 1: Automotive Sector - The European automotive sector is experiencing a downturn, with the STOXX Europe 600 Autos & Parts Index dropping by 2.5%, reaching its lowest level in six and a half weeks, indicating market concerns within the industry [2][9]. Group 2: Monetary Policy and Financial Stability - The People's Bank of China (PBOC) is refining its monetary policy toolkit, with Governor Pan Gongsheng announcing improvements and reassurances regarding the health of financial institutions and market stability, with no systemic risks identified [3][9]. Group 3: Geopolitical Events and Cybersecurity - Geopolitical tensions are highlighted by an Iranian Vice President's visit to Moscow and U.S. lawmakers' meetings with China's Defense Minister, while the EU faced airport disruptions due to a ransomware attack, emphasizing vulnerabilities in critical infrastructure [4][9]. Group 4: Political Developments and Economic Measures - The UK is launching a "global talent task force" to attract top professionals, while Japan's political discussions include a potential sales tax cut on food, reflecting ongoing economic relief measures [5][9]. - Sony Financial's listing reference price was set at 150 Yen/share, indicating activity in Japan's financial markets [3][9]. Group 5: Economic Data - Switzerland's Money Supply M3 year-on-year for August registered at 4.6%, a slight decrease from the previous 4.7%, providing insights into the monetary conditions within the Swiss economy [6][9].
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-09-22 07:02
RT dave (@dave_ejitade)BEWARE OF THE JOBS OFFERS YOU SEE ON X!My X account was hacked today. The hacker sent DM to my followers and some big accounts claiming I'm representing MegaBetArena in reaching out to them for an ambassadorship position.It directed them to these account in the picture to register on the site.I have fully recovered my X account and changed all my security settings, i also removed all connected accounts to my X.I employ every one of us to be very careful on jobs offer we get on X, do y ...
Quantum Computing Inc. Announces $500 Million Oversubscribed Private Placement of Common Stock Priced at the Market Under Nasdaq Rules
Prnewswire· 2025-09-22 02:55
Core Viewpoint - Quantum Computing Inc. has successfully entered into securities purchase agreements for an oversubscribed private placement, raising $500 million to support its growth initiatives and commercialization efforts [1][3]. Group 1: Offering Details - The private placement involves the sale of 26,867,276 shares of common stock, priced according to Nasdaq rules, and is expected to close around September 24, 2025 [1]. - The offering has attracted participation from large existing shareholders and a notable first-time investment from a global alternative asset manager [2][7]. - The total gross capital raised by the company since November 2024 will reach approximately $900 million following this offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate commercialization efforts, pursue strategic acquisitions, expand sales and engineering personnel, and for general corporate purposes [2][3]. - The company aims to strengthen its financial position and execute its multi-year growth plan with the funds raised [3]. Group 3: Company Overview - Quantum Computing Inc. specializes in integrated photonics and quantum optics technology, providing affordable quantum machines and photonic chip production services [5]. - The company's products are designed to operate at room temperature and low power, targeting high-performance computing, artificial intelligence, and cybersecurity applications [5].
What we know about the cyberattack that hit major European airports
CNBC· 2025-09-21 09:13
Core Insights - A cyberattack on Collins Aerospace has caused significant disruptions at major European airports, including Heathrow, Berlin, and Brussels, affecting check-in and boarding systems [3][5][9] - The incident has led to flight cancellations and delays, with 29 departures and arrivals canceled as of Saturday afternoon [5][6] - The aviation industry is increasingly targeted by cybercriminals due to its reliance on shared digital systems, highlighting the need for improved cybersecurity measures [10][11] Group 1: Incident Overview - The cyberattack targeted Collins Aerospace, which provides check-in and boarding systems for multiple airlines globally [3] - The impact of the attack is primarily on electronic customer check-in and baggage drop, but manual operations can mitigate some disruptions [4] - Heathrow Airport is actively working to resolve the issues caused by the Collins outage [5][6] Group 2: Affected Airports and Operations - Brussels Airport anticipates heavy disruption and flight cancellations due to the cyberattack [2] - Berlin Airport has warned travelers of longer waiting times as a result of the systems outage [7] - Some airlines at Heathrow are using manual workarounds to continue operations, although this may lead to longer check-in times [8] Group 3: Broader Cybersecurity Context - The attack on Collins Aerospace is part of a trend of increasing cyberattacks affecting various industries, including a recent incident at Jaguar Land Rover [9] - Cybersecurity experts emphasize the aviation sector's vulnerability due to its interconnected systems and the potential for widespread disruption from a single vendor compromise [11] - Recommendations for improving resilience in the aviation industry include regular software updates, well-tested backup systems, and enhanced information-sharing among stakeholders [11][12]
Alphabet’s (GOOGL) Google Cloud Secures £400 Million UK Ministry of Defence Contract
Yahoo Finance· 2025-09-21 08:11
Group 1 - Alphabet Inc. (NASDAQ:GOOGL) is currently considered one of the best fundamental stocks to buy, highlighted by its recent £400 million contract with the UK Ministry of Defence for a sovereign cloud capability [1][2] - The collaboration aligns with the Ministry's Strategic Defense Review, promoting advanced cloud infrastructure for enhanced capabilities, secure information processing, AI, and cybersecurity [2] - Google Cloud is expected to generate significant revenue from this contract and will hire specialists in the UK to manage the technology [2][3] Group 2 - Alphabet Inc. has a diverse portfolio that includes services such as Google Ads, Google Chrome, Google Cloud, Search, and YouTube, positioning it as a leading tech giant [3]
Wiingy Report: Trump's $100,000 H1B Visa Fee Opens Over Half a Million Tech Jobs to Americans
Globenewswire· 2025-09-20 15:41
Core Insights - A new federal policy imposing a $100,000 H1B visa application fee is projected to create over 583,000 new tech jobs for U.S. workers by 2029, making high-paying tech careers more accessible to American STEM students [1][2] - The policy is expected to redirect nearly $98 billion in annual tech salaries to American workers, significantly raising the cost of foreign tech hiring [2] Impact on Major Tech Companies - Major tech companies will face substantial costs to retain H1B talent, with estimated fees of $1.1 billion for Amazon, $550 million for Tata Consultancy Services, $500 million for Microsoft, $450 million for Meta, and $400 million for Google [4] - Companies must choose between absorbing these fees or accelerating the hiring of American workers [4] Regional Job Growth - Job growth will vary by region, with California expected to see 175,000 new H1B positions, followed by New York with approximately 170,000, Texas with 46,000, and Washington State with an estimated 35,000 positions [5] In-Demand Skills and Salaries - The most sought-after skills include Cloud Computing (80,000 positions, average salary $145,000), AI/Machine Learning (70,000 positions, average salary $165,000), Python Programming (65,000 positions, average salary $125,000), Cybersecurity (55,000 positions, average salary $135,000), and Data Analysis (60,000 positions, average salary $115,000) [6] Education and Workforce Readiness - Only 20% of Americans are prepared to fill the new high-paying tech roles, indicating a significant preparation gap [7][11] - The U.S. ranks 34th out of 80 countries in mathematics proficiency, with only 6.4% of students enrolling in foundational computer science classes [11] Pathway to Employment - A three-step approach for American students to secure tech roles includes learning, certification, and acceleration through tutoring [8][12]
Data Storage Corporation Downgraded To Hold By Maxim On Strategy Uncertainty
Financial Modeling Prep· 2025-09-19 17:50
Group 1 - Maxim Group downgraded Data Storage Corporation from Buy to Hold due to limited visibility into management's new strategic direction after the sale of its CloudFirst subsidiary [1] - The divestiture of CloudFirst was completed on September 11, generating net proceeds of approximately $24 million, with up to 85% allocated for a tender offer and the remainder for acquisitions and investments in AI-enabled software, GPU technologies, or cybersecurity [2] - The remaining VoIP segment contributes around $1.2 million in annual revenue post-sale [2] Group 2 - Maxim lowered its revenue estimates for 2025 and 2026 to account for the loss of CloudFirst, which had been the primary revenue source for Data Storage Corporation, highlighting uncertainty regarding future acquisitions and business pivot efforts [3]