[Click e-Stock] "Genian Expected to Improve Performance in Second Half of the Year"

Eugene Investment & Securities stated on August 11 that it expects Genian's performance to improve in the second half of the year.

Park Jongseon, a researcher at Eugene Investment & Securities, explained, "We anticipate an increase in information security investments by both public institutions and private companies, driven by the government's supplementary budget and recent hacking incidents."

He added, "The launch of a Managed Detection and Response (MDR) service targeting small and medium-sized enterprises, which provides endpoint-based intelligent threat detection and response (EDR) solutions as a service, is expected to yield positive results." He also noted, "Overseas expansion is expected to continue."

He emphasized, "As of the end of the first half of this year, the company has 172 overseas clients, and securing its first global EDR client is also a positive development."

Researcher Park analyzed, "The current share price is trading at a price-to-earnings ratio (PER) of 14.0 times based on this year's expected results, which represents a significant discount compared to the average PER of 34.3 times for domestic and international peers."

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