Gen Digital (NASDAQ:GEN) Issues Quarterly Earnings Results

Gen Digital (NASDAQ:GEN) announced its quarterly earnings results on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03), Zacks reports. Gen Digital had a return on equity of 55.47% and a net margin of 16.08%.

Gen Digital Stock Performance

GEN opened at $26.91 on Friday. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.29 and a beta of 0.82. The business’s 50-day moving average price is $28.50 and its two-hundred day moving average price is $27.42. Gen Digital has a 1 year low of $19.08 and a 1 year high of $31.72. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.32 and a quick ratio of 0.32.

Wall Street Analyst Weigh In

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

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.