Gen digital, which makes Norton antivirus, has been trading sideways for many years. The company appears to have revenues and income that are growing at a reasonable pace. I think it has a pretty good moat too, as it owns many of the consumer grade competitors that I am able to name. It trades for only 9x earnings / 4x revenues. Competitors in the cyber security space tend to trade for 2-4x this multiple. I understand that this is a more established company but I would think this should be worth at least 35$ per share. It’s never been anywhere near this price.
What am I missing?
