Wall Street Zen Downgrades Gen Digital (NASDAQ:GEN) to Hold

Key Points

• Wall Street Zen has downgraded Gen Digital from a "buy" rating to a "hold" rating, indicating a shift in analyst sentiment towards the stock.
• Gen Digital reported quarterly earnings of $0.64 EPS, surpassing estimates and reflecting a 30.3% increase in revenue compared to the previous year.
• The stock has a current average rating of "Moderate Buy" with a consensus target price of $35.71.

Gen Digital (NASDAQ:GEN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

GEN has been the subject of a number of other research reports. Weiss Ratings restated a "hold (c+)" rating on shares of Gen Digital in a research note on Saturday, September 27th. B. Riley began coverage on shares of Gen Digital in a research report on Monday, July 14th. They issued a "buy" rating and a $46.00 target price on the stock. Wells Fargo & Company boosted their price target 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 raised their target price on Gen Digital from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Finally, Morgan Stanley upped their target price on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.71.

Gen Digital Trading Down 0.9%

NASDAQ:GEN opened at $27.82 on Friday. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 0.95 and a beta of 0.94. Gen Digital has a 12 month low of $22.74 and a 12 month high of $32.22. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.63. The company's 50 day moving average is $29.74 and its 200-day moving average is $28.48.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GEN. Cullen Frost Bankers Inc. purchased a new position in Gen Digital during the second quarter worth about $32,000. CYBER HORNET ETFs LLC purchased a new stake in Gen Digital in the second quarter worth approximately $44,000. Catalyst Capital Advisors LLC boosted its position in Gen Digital by 117.6% during the first quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock valued at $42,000 after buying an additional 854 shares during the period. MUFG Securities EMEA plc purchased a new stake in Gen Digital during the 2nd quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. grew 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 worth $46,000 after acquiring an additional 1,183 shares during the last quarter. 81.38% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.