SIERRA Summit Advisors Buys 215,975 Digital Gen (Nasdaq: Gen) Shares, Adds $ 5.7 Million Stake As 29th Largest Holding

SIERRA Summit Advisors LLC Acquire 215,975 Shares of Gen Digital Inc. (Nasdaq: Gen) in the first quarter, A Position Valued At Approximately $ 5.7 Million That Now Represents About 1.2% of the Firm’s Portfolio And Ranks As IS 29th Largest Holding.

The Move, disclosed in the firm’s latest 13f Philling, Aligns with Broader Institutional Interest in the Cybersecury Company Following Stronger-Than-Expected Quarterly Results and Continued Operating Momentum.

Recently Digital Gen Reported June-Quarter Earnings Per Share of $ 0.64, Topping Consensus Estimates of $ 0.60, Alongside Revenue of $ 1.26 Billion, Also Ahead of Expectations, As The Norton and Avast Parent Benefited FrRSTA Subscription Scale and Cross-Brand Snergies. The Company’s Print Marked Year-Over-Year Gains in Both Eps and Revenue, Reinforcing through Trageectory That Has Seen It Surpass Consensus Revenue Estimates In Each of the Last Four Quarters.Nasdaq

Portfolio Trackers Show Sierra Summit Advisors Active Sly Adding To Select Technology and Software Names In Recent Months, with gen One of the remarkable New Allocations by Dollar Value Across ITS ITS Reported Holdings Universe. AS OF ITS LATEST QUARTER, THE FIRM Reported Roughly $ 450– $ 462 MILLION IN EQUITY ASSETS ACROSS MORE THAN 170 POSTIONS, WITH LARGE-CAP TECHNOLOGY REMAINING CORE EXPOSURS.Stockzoa+2

For Gen Digital, Institutional Ownership Remantial Remain, and Recent Analyst Updates Have Skewed Constructive, with multiple firm Mainizing Buy or Outperform Ratings Amid Improving Improving Fundamentals and cash generation. Investors Will Will Whether Sustained Subscription Growth and Operating Leverage Can Support Further Margin Expansion, While Sierra Summit’s New Stake Adds Another Signal of Confidence to The Shareholder Base Heading into the Next Reporting Cycle.Marketbeat+1