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

Gen Digital (NASDAQ:GEN) posted its quarterly earnings data on Thursday. The company reported $0.52 EPS 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 Trading Up 0.9 %

GEN stock traded up $0.26 during midday trading on Thursday, hitting $27.89. 5,561,075 shares of the company’s stock were exchanged, compared to its average volume of 2,886,978. The stock has a market capitalization of $17.19 billion, a PE ratio of 28.46, a P/E/G ratio of 1.29 and a beta of 0.82. Gen Digital has a 1-year low of $19.08 and a 1-year high of $31.72. The business has a 50-day simple moving average of $28.61 and a two-hundred day simple moving average of $27.41. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 3.40.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GEN shares. UBS Group upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised shares of Gen Digital to a “strong-buy” rating in a research report on Thursday, October 24th.

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.