[Click eStock] "Genians, Continues Stable Growth"

Sangsangin Securities forecasted on the 5th that Genian will continue stable growth as the number of devices requiring access to public institution networks increases.

Sojung Lee, a researcher at Sangsangin Securities, explained, "There is a high possibility that Genian's sales will increase due to the rise in devices newly connectable to corporate or personal networks and technological advancements."

She added, "As the use of cloud, remote work, artificial intelligence (AI), and extended reality (XR) devices increases, the scope of cybersecurity is expanding," and "the overseas market for next-generation security solutions EDR is expected to record an average annual growth rate of 25% over six years starting from 2022."

She analyzed, "Genian is targeting sales of 50 billion KRW and operating profit of 10 billion KRW this year," and "these figures represent increases of 15% and 35% respectively compared to last year."

The researcher stated, "If the National Intelligence Service's zero-trust guidelines for public institutions are released this year, the full-scale launch of Genian's next-generation 'Genian ZTNA' business can be reasonably expected," and explained, "Zero-trust is a security method that, unlike existing systems, requires additional authentication for various key servers and data even when accessing the network with insider privileges."

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