Gen Digital (NASDAQ:GEN) Announces Earnings Results, Misses Expectations By $0.03 EPS

Gen Digital (NASDAQ:GENGet Free Report) announced its earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate 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

Shares of NASDAQ GEN traded up $0.26 during midday trading on Thursday, reaching $27.89. 5,561,075 shares of the stock were exchanged, compared to its average volume of 2,886,978. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 3.40. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.29 and a beta of 0.82. The firm has a 50-day simple moving average of $28.61 and a two-hundred day simple moving average of $27.41. Gen Digital has a twelve month low of $19.08 and a twelve month high of $31.72.

Analyst Upgrades and Downgrades

GEN has been the topic of several research analyst reports. Wells Fargo & Company upgraded Gen Digital to a “strong-buy” rating in a research note on Thursday, October 24th. UBS Group upgraded Gen Digital to a “strong-buy” rating in a research note on Wednesday, December 4th.

Get Our Latest Report on Gen Digital

Gen Digital Company Profile

(Get Free Report)

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.

See Also

Earnings History for Gen Digital (NASDAQ:GEN)

Receive News & Ratings for Gen Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gen Digital and related companies with MarketBeat.com's FREE daily email newsletter.