Gen Digital Inc. (NASDAQ:GEN - Get Free Report) rose 1.9% during mid-day trading on Wednesday . The company traded as high as $24.62 and last traded at $24.60. Approximately 2,807,742 shares were traded during trading, a decline of 42% from the average daily volume of 4,818,813 shares. The stock had previously closed at $24.13.
Analysts Set New Price Targets
Separately, Argus upgraded shares of Gen Digital to a "strong-buy" rating in a research note on Tuesday, May 28th.
Check Out Our Latest Research Report on GEN
Gen Digital Trading Up 1.6 %
The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.84. The stock's 50 day moving average price is $24.01 and its 200-day moving average price is $22.69. The stock has a market capitalization of $15.65 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.19 and a beta of 0.79.
Gen Digital (NASDAQ:GEN - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.48 EPS for the quarter, meeting analysts' consensus estimates of $0.48. Gen Digital had a net margin of 16.16% and a return on equity of 49.04%. The company had revenue of $967.00 million during the quarter, compared to analysts' expectations of $964.81 million. As a group, equities research analysts expect that Gen Digital Inc. will post 2.04 earnings per share for the current year.
Gen Digital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Monday, May 20th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. Gen Digital's payout ratio is 52.63%.
Gen Digital Company Profile
(
Get Free Report)
Gen Digital Inc provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.
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