Gen Digital (NASDAQ:GEN) Releases Q2 2027 Earnings Guidance

Gen Digital (NASDAQ:GEN) updated its second quarter 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.730-0.730 for the period, compared to the consensus EPS estimate of 0.700. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. Gen Digital also updated its FY 2027 guidance to 2.970-2.970 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Barclays lifted their price objective on Gen Digital from $27.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Royal Bank Of Canada decreased their price objective on shares of Gen Digital from $30.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Gen Digital presently has a consensus rating of “Hold” and an average price target of $30.80.

Gen Digital Stock Performance

NASDAQ GEN opened at $20.85 on Tuesday. The stock has a market capitalization of $12.48 billion, a PE ratio of 12.12, a P/E/G ratio of 0.68 and a beta of 1.22. The business has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $24.69. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. Gen Digital has a 1-year low of $17.78 and a 1-year high of $31.65.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 6th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $0.64 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, research analysts predict that Gen Digital will post 2.64 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th were issued a $0.1250 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. Gen Digital’s payout ratio is 29.07%.

Insider Activity

In related news, insider Travis Witteveen sold 30,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $29.42, for a total value of $882,600.00. Following the completion of the transaction, the insider owned 496,545 shares of the company’s stock, valued at approximately $14,608,353.90. This trade represents a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ondrej Vlcek sold 200,000 shares of Gen Digital stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $6,000,000.00. Following the completion of the transaction, the director owned 3,332,904 shares of the company’s stock, valued at approximately $99,987,120. This represents a 5.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 558,508 shares of company stock worth $16,356,093. 9.70% of the stock is currently owned by corporate insiders.

Gen Digital Company Profile

Gen Digital Inc (NASDAQ: GEN) is a global cybersecurity and consumer safety company that provides products designed to help individuals and families protect their devices, online identities, personal information and digital privacy. The company serves customers through a portfolio of consumer-focused cybersecurity and privacy brands.

Its products and services include antivirus and device security, identity theft protection, virtual private networks, password management, online privacy tools, scam protection and family safety features.