Gen Digital (NASDAQ:GEN) Announces Earnings Results

Gen Digital (NASDAQ:GEN) issued its quarterly earnings data on Thursday. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01, Briefing.com reports. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Gen Digital updated its FY 2026 guidance to 2.510-2.56 EPS and its Q3 2026 guidance to 0.620-0.64 EPS.

Gen Digital Trading Down 0.6%

NASDAQ GEN traded down $0.14 during trading hours on Friday, reaching $25.31. The company had a trading volume of 2,907,624 shares, compared to its average volume of 3,987,878. Gen Digital has a 1-year low of $22.74 and a 1-year high of $32.22. The stock has a market capitalization of $15.59 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The stock has a 50-day moving average of $27.91 and a 200 day moving average of $28.66. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63.

Hedge Funds Weigh In On Gen Digital

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in shares of Gen Digital by 221.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after acquiring an additional 1,183 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Gen Digital during the 2nd quarter valued at $47,000. Great Lakes Advisors LLC purchased a new position in Gen Digital during the first quarter worth $205,000. HUB Investment Partners LLC acquired a new position in shares of Gen Digital in the second quarter worth $322,000. Finally, Focus Partners Wealth boosted its stake in shares of Gen Digital by 9.7% during the first quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after acquiring an additional 1,980 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GEN shares. Wall Street Zen upgraded shares of Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Jefferies Financial Group assumed coverage on Gen Digital in a research note on Friday, October 3rd. They issued a “hold” rating and a $31.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Barclays lifted their price target on shares of Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Finally, Evercore ISI boosted their price target on Gen Digital from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

About Gen Digital

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.