Gen Digital (NASDAQ:GEN) Lifted to “Strong-Buy” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Gen Digital (NASDAQ:GEN) to a strong-buy rating in a report released on Thursday, Zacks.com reports.

Gen Digital Price Performance

GEN opened at $27.12 on Thursday. Gen Digital has a 52-week low of $16.38 and a 52-week high of $28.45. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.30 and a current ratio of 0.30. The company’s 50-day simple moving average is $26.64 and its two-hundred day simple moving average is $24.75. The stock has a market capitalization of $16.69 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.27 and a beta of 0.81.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share 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 for the quarter, compared to analysts’ expectations of $960.41 million. As a group, analysts predict that Gen Digital will post 2.04 EPS for the current year.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 19th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, August 19th. Gen Digital’s dividend payout ratio is presently 52.63%.

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.