Gen Digital - GEN Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gen Digital in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GEN, but not buy additional shares or sell existing shares.
View GEN analyst ratings or view top-rated stocks.

1 analysts have issued 1 year price targets for Gen Digital's shares. Their GEN share price forecasts range from $25.00 to $28.00. On average, they predict the company's share price to reach $27.00 in the next year. This suggests a possible upside of 62.3% from the stock's current price.
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Gen Digital's stock was trading at $21.43 on January 1st, 2023. Since then, GEN shares have decreased by 22.4% and is now trading at $16.64.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our GEN earnings forecast.

Gen Digital Inc. (NASDAQ:GEN) announced its earnings results on Thursday, November, 4th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The firm earned $692 million during the quarter, compared to analyst estimates of $695.27 million. Gen Digital had a trailing twelve-month return on equity of 155.48% and a net margin of 17.83%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share.
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Gen Digital announced a quarterly dividend on Thursday, August 4th. Stockholders of record on Monday, August 22nd will be given a dividend of $0.125 per share on Wednesday, September 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, August 19th.
Read our dividend analysis for GEN.

Gen Digital (NASDAQ:GEN) pays an annual dividend of $0.50 per share and currently has a dividend yield of 3.05%. The dividend payout ratio is 55.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GEN will have a dividend payout ratio of 29.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GEN.

Gen Digital trades on the NASDAQ under the ticker symbol "GEN."

Gen Digital's stock is owned by many different institutional and retail investors. Top institutional investors include Credit Suisse AG (0.83%), California Public Employees Retirement System (0.66%), Triodos Investment Management BV (0.23%), Schroder Investment Management Group (0.20%), Parallax Volatility Advisers L.P. (0.00%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.06%). Insiders that own company stock include Matthew Charles Brown, Natalie Marie Derse, Ondrej Vlcek, Peter A Feld and Samir Kapuria.
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Shares of GEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GEN stock can currently be purchased for approximately $16.64.

Gen Digital (NASDAQ:GEN) has a market capitalization of $10.64 billion and generates $2.80 billion in revenue each year. The company earns $836 million in net income (profit) each year or $0.90 on an earnings per share basis.

The company employs 2,700 workers across the globe.

Gen Digital's mailing address is 60 E RIO SALADO PARKWAY SUITE 1000, TEMPE AZ, 85281. The official website for the company is www.nortonlifelock.com. The company can be reached via phone at (650) 527-8000, via email at ir@nortonlifelock.com, or via fax at 302-636-5454.