Gen Digital (NASDAQ:GEN) Sets New 12-Month High – Still a Buy?

Gen Digital Inc. (NASDAQ:GEN)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $29.36 and last traded at $29.22, with a volume of 194125 shares trading hands. The stock had previously closed at $26.91.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upgraded shares of Gen Digital to a “strong-buy” rating in a research note on Thursday, October 24th.

Gen Digital Stock Up 10.4 %

The firm’s 50 day simple moving average is $26.81 and its 200 day simple moving average is $24.93. The company has a market cap of $18.28 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.26 and a beta of 0.81. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 3.65.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $960.41 million. Gen Digital had a net margin of 15.87% and a return on equity of 52.29%. Sell-side analysts anticipate that Gen Digital Inc. will post 2.04 EPS for the current fiscal year.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.