Gen Digital Inc. (NASDAQ:GEN - Get Free Report)'s share price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $27.89, but opened at $26.61. Gen Digital shares last traded at $26.93, with a volume of 664,158 shares trading hands.
The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.03). Gen Digital had a return on equity of 58.83% and a net margin of 16.32%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on GEN shares. Wells Fargo & Company upgraded Gen Digital to a "strong-buy" rating in a research report on Thursday, October 24th. UBS Group upgraded Gen Digital to a "strong-buy" rating in a report on Wednesday, December 4th.
View Our Latest Research Report on GEN
Gen Digital Stock Up 0.1 %
The company has a market capitalization of $16.66 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.26 and a beta of 0.83. The company's fifty day moving average is $28.43 and its 200-day moving average is $27.46. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.32 and a current ratio of 0.35.
Gen Digital Company Profile
(
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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.
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