Gen Digital Inc. (NASDAQ:GEN) Given Consensus Rating of "Moderate Buy" by Brokerages

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.7143.

Several equities analysts have recently commented on GEN shares. B. Riley started coverage on Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 price objective on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Gen Digital in a research report on Wednesday. Wells Fargo & Company lifted their target price on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada lifted their target price on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Finally, Barclays lifted their target price on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th.

Institutional Investors Weigh In On Gen Digital

Several large investors have recently made changes to their positions in GEN. Allspring Global Investments Holdings LLC increased its stake in Gen Digital by 132.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company's stock worth $16,039,000 after acquiring an additional 341,533 shares during the last quarter. Mather Group LLC. increased its stake in Gen Digital by 26.6% during the first quarter. Mather Group LLC. now owns 3,730 shares of the company's stock worth $99,000 after acquiring an additional 783 shares during the last quarter. Cornerstone Wealth Group LLC bought a new stake in Gen Digital during the first quarter worth approximately $377,000. Exchange Traded Concepts LLC increased its stake in Gen Digital by 52.4% during the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company's stock worth $296,000 after acquiring an additional 3,830 shares during the last quarter. Finally, Kendall Capital Management increased its stake in Gen Digital by 20.0% during the first quarter. Kendall Capital Management now owns 60,640 shares of the company's stock worth $1,609,000 after acquiring an additional 10,105 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $27.24 on Thursday. The stock's 50-day simple moving average is $29.57 and its 200-day simple moving average is $28.48. Gen Digital has a 52 week low of $22.74 and a 52 week high of $32.22. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 0.92 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The business's revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. As a group, analysts expect that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 18th. Gen Digital's payout ratio is 51.55%.

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.

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