Gen Digital (NASDAQ:GEN) Releases Earnings Results, Misses Estimates By $0.03 EPS

by · The Markets Daily

Gen Digital (NASDAQ:GEN – Get Free Report) released its quarterly earnings results 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 Down 3.5 %

GEN opened at $26.91 on Friday. The firm has a 50 day simple moving average of $28.50 and a 200 day simple moving average of $27.42. Gen Digital has a fifty-two week low of $19.08 and a fifty-two week high of $31.72. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.82. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.32 and a quick ratio of 0.32.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on GEN

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.

Further Reading