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

Gen Digital (NASDAQ:GEN) announced its quarterly earnings data on Thursday. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates 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

NASDAQ GEN traded up $0.26 during trading hours on Thursday, hitting $27.89. 5,560,955 shares of the company’s stock traded hands, compared to its average volume of 2,885,761. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 3.40. Gen Digital has a 52 week low of $19.08 and a 52 week high of $31.72. The firm has a market capitalization of $17.19 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.29 and a beta of 0.82. The business’s fifty day moving average price is $28.61 and its two-hundred day moving average price is $27.41.

Analyst Ratings Changes

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

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.