Gen Digital (NASDAQ:GEN) Upgraded at Wall Street Zen

Key Points

• Gen Digital was upgraded by Wall Street Zen from a "hold" to a "buy" rating, reflecting a positive outlook from analysts.
• The company reported a 30.3% year-over-year increase in revenue, achieving $1.26 billion for the quarter, and beat earnings expectations by $0.04 per share.
• Institutional investors now own 81.38% of Gen Digital's stock, with several firms recently increasing their stakes in the company.

Gen Digital (NASDAQ:GEN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

Several other equities research analysts also recently commented on the company. Evercore ISI initiated coverage on Gen Digital in a report on Tuesday, July 1st. They set an "outperform" rating and a $35.00 target price on the stock. Morgan Stanley lifted their price objective on Gen Digital from $25.00 to $32.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 2nd. Royal Bank Of Canada lifted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price objective on Gen Digital from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Barclays lifted their price objective on Gen Digital from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. One investment 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.71.

Gen Digital Stock Performance

Shares of NASDAQ:GEN opened at $26.52 on Friday. The company has a market cap of $16.33 billion, a P/E ratio of 27.34, a PEG ratio of 0.89 and a beta of 0.94. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. Gen Digital has a one year low of $22.74 and a one year high of $32.22. The business's 50-day simple moving average is $29.48 and its 200 day simple moving average is $28.47.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new position in Gen Digital during the 2nd quarter valued at approximately $32,000. Catalyst Capital Advisors LLC boosted its position in Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after purchasing an additional 854 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Gen Digital during the 2nd quarter valued at approximately $44,000. Geneos Wealth Management Inc. boosted its position in Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock valued at $46,000 after purchasing an additional 1,183 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in Gen Digital during the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 81.38% of the company's stock.

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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