Gen Digital (NASDAQ:GEN) Announces Earnings Results

Gen Digital (NASDAQ:GEN) issued its quarterly earnings results on Thursday. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03), Zacks reports. Gen Digital had a net margin of 16.08% and a return on equity of 55.47%.

Gen Digital Stock Performance

NASDAQ:GEN opened at $26.10 on Friday. The firm has a market cap of $16.08 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.82. Gen Digital has a fifty-two week low of $19.08 and a fifty-two week high of $31.72. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.32 and a current ratio of 0.32. The business has a 50 day moving average price of $28.57 and a 200-day moving average price of $27.41.

Wall Street Analyst Weigh In

A number of brokerages have commented on GEN. Wells Fargo & Company upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Thursday, October 24th. UBS Group upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Wednesday, December 4th.

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.