Is Gen Digital (GEN) Undervalued On GoDaddy Bid Speculation?

Gen Digital (GEN) is back in focus after reports that the cyber safety group has made a takeover approach for GoDaddy, a move that would pair internet security tools with a large domain and hosting customer base. The reported GoDaddy approach has come after a sharp pullback in Gen Digital’s trading performance, with the stock down 12.05% on a 1-day share price return basis and 20.48% over 7 days. This contrasts with a 3-year total shareholder return of 38.38%, which points to much stronger...