Gen Digital (NASDAQ:GEN) Sets New 12-Month Low – What’s Next?

Gen Digital Inc. (NASDAQ:GEN) shares hit a new 52-week low on Friday . The company traded as low as $22.12 and last traded at $22.30, with a volume of 2006153 shares traded. The stock had previously closed at $22.34.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GEN. Royal Bank Of Canada decreased their price objective on shares of Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research report on Sunday, February 8th. Barclays dropped their price objective on Gen Digital from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Finally, Evercore increased their price target on Gen Digital from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.29.

Gen Digital Trading Up 0.0%

The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 0.77 and a beta of 1.09. The business has a fifty day simple moving average of $25.66 and a 200 day simple moving average of $27.27.

Gen Digital (NASDAQ:GEN) last announced its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Gen Digital had a net margin of 12.76% and a return on equity of 56.76%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. Gen Digital’s quarterly revenue was up 25.8% on a year-over-year basis. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. As a group, research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current year.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 16th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, February 13th. Gen Digital’s payout ratio is 51.55%.

Insider Transactions at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the transaction, the director owned 3,932,980 shares in the company, valued at $106,662,417.60. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is owned by corporate insiders.

Institutional Trading of Gen Digital

Several large investors have recently modified their holdings of GEN. International Assets Investment Management LLC bought a new position in Gen Digital in the 4th quarter valued at about $27,000. Spire Wealth Management boosted its position in shares of Gen Digital by 1,183.3% during the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $31,000 after acquiring an additional 994 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Gen Digital in the second quarter valued at approximately $32,000. True Wealth Design LLC raised its position in Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock valued at $31,000 after purchasing an additional 529 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its stake in Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.