Gen Digital (NASDAQ:GEN) Reaches New 12-Month High - Here's Why

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $29.36 and last traded at $29.22, with a volume of 194125 shares traded. The stock had previously closed at $26.91.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised Gen Digital to a "strong-buy" rating in a research note on Thursday, October 24th.

Gen Digital Stock Up 8.2 %

The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 1.26 and a beta of 0.81. The firm's 50 day moving average is $26.81 and its two-hundred day moving average is $24.93. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 3.65.

Gen Digital (NASDAQ:GEN - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Gen Digital had a return on equity of 52.29% and a net margin of 15.87%. The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $960.41 million. On average, sell-side analysts predict that Gen Digital Inc. will post 2.04 EPS for the current year.

Gen Digital Company Profile

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.