Gen Digital (NASDAQ:GEN) Updates FY 2026 Earnings Guidance

Key Points

• Gen Digital has updated its FY 2026 earnings guidance, providing an earnings per share estimate of 2.490-2.560 and revenue guidance of $4.8 billion-$4.9 billion, surpassing consensus estimates.
• The company's stock has recently declined 1.5% to $28.27, with a trading volume significantly higher than its average.
• In the analyst rating landscape, Gen Digital currently holds an average recommendation of "Moderate Buy" with an average price target of $33.60.

Gen Digital (NASDAQ:GEN - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 2.490-2.560 for the period, compared to the consensus earnings per share estimate of 2.502. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion. Gen Digital also updated its Q2 2026 guidance to 0.600-0.620 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. B. Riley assumed coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 price objective for the company. Morgan Stanley lowered their price target on shares of Gen Digital from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen cut shares of Gen Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Evercore ISI began coverage on shares of Gen Digital in a research report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 price target for the company. Finally, Royal Bank Of Canada boosted their price objective on shares of Gen Digital from $28.00 to $30.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $33.60.

Gen Digital Stock Down 1.5%

Shares of GEN stock traded down $0.42 during trading on Thursday, reaching $28.27. The company's stock had a trading volume of 6,483,491 shares, compared to its average volume of 3,048,459. The business has a fifty day moving average price of $29.59 and a 200-day moving average price of $27.81. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.51. The company has a market cap of $17.41 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00. Gen Digital has a one year low of $22.74 and a one year high of $31.72.

Gen Digital (NASDAQ:GEN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Gen Digital had a net margin of 16.34% and a return on equity of 59.38%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $999.48 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Analysts anticipate that Gen Digital will post 2.05 earnings per share for the current year.

Insider Activity at Gen Digital

In other Gen Digital news, Director Nora Denzel sold 31,646 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $28.76, for a total value of $910,138.96. Following the transaction, the director directly owned 34,860 shares in the company, valued at $1,002,573.60. The trade was a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gen Digital

Several institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake 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. Focus Partners Wealth grew its stake in shares of Gen Digital by 9.7% in 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 in the last quarter. Woodline Partners LP grew its stake in shares of Gen Digital by 37.8% in the first quarter. Woodline Partners LP now owns 27,590 shares of the company's stock valued at $732,000 after acquiring an additional 7,562 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Gen Digital in the first quarter valued at about $205,000. Finally, Goldman Sachs Group Inc. lifted its position in Gen Digital by 1.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company's stock worth $71,757,000 after purchasing an additional 28,522 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

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.

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