[Click eStock] "Genians, Expecting Q1 Earnings Improvement"

On the 20th, Eugene Investment & Securities analyzed that Genieons is undervalued compared to the average price-to-earnings ratio (PER) of domestic and international peers in the same industry.

Last year, Genieons achieved sales of 49.6 billion KRW and operating profit of 9.8 billion KRW, increasing by 15.7% and 52.2% respectively compared to the previous year. In the fourth quarter of last year, sales reached 20.3 billion KRW and operating profit was 6.2 billion KRW, up 21.0% and 63.3% year-on-year respectively.

Researcher Park Jong-sun of Eugene Investment & Securities explained, "Along with stable sales growth of NAC (Network Access Control), sales of EDR (Endpoint Detection & Response) products are also increasing," adding, "Sales of network security products and services increased by 17.5% and 7.7% respectively compared to the same period last year."

He continued, "We have secured 143 global clients across 27 countries worldwide," and predicted, "Performance improvement is expected in the first quarter of this year as well."

Researcher Park estimated, "Sales in the first quarter of this year will be 8.5 billion KRW, and operating profit will be 100 million KRW," analyzing, "Sales are expected to increase by 21.6% year-on-year, and operating profit is expected to turn positive." He added, "Based on NAC products this year, we plan to expand overseas into zero trust and EDR markets," and noted, "As demand for cybersecurity grows with the popularization of artificial intelligence (AI) and robotics, we are pursuing entry into new markets." Furthermore, he introduced, "We are also considering mergers and acquisitions (M&A) of technologically advanced companies based on abundant financial resources."

This content was produced with the assistance of AI translation services.