Gen Digital (NASDAQ:GEN) Updates FY 2027 Earnings Guidance

Gen Digital (NASDAQ:GEN) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 2.870-2.970 for the period, compared to the consensus estimate of 2.830. The company issued revenue guidance of $5.4 billion-$5.5 billion, compared to the consensus revenue estimate of $5.4 billion. Gen Digital also updated its Q2 2027 guidance to 0.710-0.730 EPS.

Gen Digital Trading Up 0.5%

Shares of Gen Digital stock traded up $0.15 on Thursday, hitting $28.10. 8,010,816 shares of the company traded hands, compared to its average volume of 6,699,423. Gen Digital has a 52 week low of $17.78 and a 52 week high of $32.22. The company has a market cap of $16.82 billion, a PE ratio of 17.78 and a beta of 1.21. The stock’s 50 day moving average price is $25.82 and its 200-day moving average price is $23.28. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07.

Gen Digital (NASDAQ:GEN) last issued its earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.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. Equities research analysts predict that Gen Digital will post 2.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of Gen Digital in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. Wall Street Zen lowered shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Jefferies Financial Group downgraded shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Argus upgraded Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Gen Digital presently has a consensus rating of “Hold” and an average price target of $29.33.

Insider Buying and Selling at Gen Digital

In related news, Director John C. Chrystal acquired 3,000 shares of the stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $27.06 per share, with a total value of $81,180.00. Following the completion of the purchase, the director owned 31,419 shares of the company’s stock, valued at approximately $850,198.14. This represents a 10.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ondrej Vlcek sold 100,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the transaction, the director directly owned 3,832,724 shares in the company, valued at approximately $94,974,900.72. The trade was a 2.54% decrease in their position. The SEC filing for this sale provides additional information. 9.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Gen Digital

Several large investors have recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of Gen Digital during the 2nd quarter worth approximately $47,000. Geneos Wealth Management Inc. lifted its stake in shares of Gen Digital by 221.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after buying an additional 1,183 shares during the period. Brown Brothers Harriman & Co. grew its stake in Gen Digital by 47.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock worth $50,000 after acquiring an additional 568 shares during the period. Larson Financial Group LLC raised its holdings in Gen Digital by 20.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after acquiring an additional 390 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Gen Digital during the 4th quarter worth $90,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

About Gen Digital

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.