Gen Digital (NASDAQ:GEN) Shares Gap Down on Disappointing Earnings

Gen Digital Inc. (NASDAQ:GEN)’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 the consensus estimate of $0.55 by ($0.03). Gen Digital had a net margin of 16.08% and a return on equity of 55.47%.

Analyst Ratings Changes

A number of equities research analysts have recently 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 raised Gen Digital to a “strong-buy” rating in a report on Wednesday, December 4th.

Gen Digital Price Performance

The company’s 50 day simple moving average is $28.57 and its 200 day simple moving average is $27.41. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $16.57 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.29 and a beta of 0.82.

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.