[Click e-Stock] "GenieN Expected to Benefit from Overseas Expansion"

Eugene Investment & Securities stated on the 23rd that GenieN will likely achieve stable year-on-year earnings growth in the second quarter of this year, driven by the seasonal peak and the effects of overseas expansion.

Park Jongseon, a researcher at Eugene Investment & Securities, estimated, "In the second quarter of this year, GenieN is expected to record sales of 14 billion KRW and operating profit of 2.1 billion KRW," adding, "These figures represent increases of 17.9% and 13.8%, respectively, compared to the same period last year."

He further noted, "GenieN will continue its overseas expansion based on the market dominance of its NAC products," and added, "By opening a global technical support center in Bengaluru, India, the company is entering the Indian cybersecurity market, which is valued at 7 trillion KRW."

Additionally, he emphasized, "The company is developing product roadmaps for NAC, ZTNA, and EDR by utilizing artificial intelligence," and "Through the promotion of AI transformation, GenieN is actively responding to the next-generation security market."

He analyzed, "The current share price is trading at a price-to-earnings ratio (PER) of 12.9 times based on this year's expected earnings," and "This represents a significant discount compared to the average PER of 91.8 times for domestic and international peers."