[Click eStock] "Genian's Leading Next-Generation Information Security Solution EDR"

[Asia Economy Reporter Hyungsoo Park] Kyobo Securities stated on the 16th that Genieons has entered the full-scale investment recovery phase and expects a revaluation of its corporate value.

Genieons develops security software to strengthen internal corporate information protection. Its main products include Network Access Control (NAC), Endpoint Detection and Response (EDR) solutions, and PC security level diagnosis (GPI).

Han-kyung Kim, a researcher at Kyobo Securities, explained, "Genieons has secured a dominant market share (72%) in the NAC field and continues to maintain a leading position in the domestic next-generation security solution (EDR) market," adding, "It has entered a full-scale corporate value growth phase."

Researcher Kim estimated that Genieons will achieve sales of 31.9 billion KRW and an operating profit of 4 billion KRW next year. These figures represent increases of 14.7% and 77.1%, respectively, compared to this year's expected performance.

He analyzed, "CrowdStrike has emerged as a unicorn in the U.S. stock market as a leader in cloud EDR solutions," and added, "Although CrowdStrike is recording operating losses, its stock price surged due to recognition of its future growth potential."

Furthermore, he emphasized, "It is trading at 32 times next year's sales, and Genieons is also beginning the robust growth of its proprietary EDR solution."

He introduced, "EDR solutions are next-generation security software that proactively respond to unknown threats, complementing the limitations of vaccines," and noted, "It is the hottest issue in the global information security market."