Gen Digital (NASDAQ:GEN) Releases Q1 2027 Earnings Guidance

Gen Digital (NASDAQ:GEN) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.680-0.700 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. Gen Digital also updated its FY 2027 guidance to 2.850-2.950 EPS.

Gen Digital Price Performance

NASDAQ GEN traded up $0.63 on Thursday, hitting $20.19. The company had a trading volume of 14,247,313 shares, compared to its average volume of 6,712,784. Gen Digital has a 12-month low of $17.78 and a 12-month high of $32.22. The company has a debt-to-equity ratio of 3.50, a current ratio of 0.47 and a quick ratio of 0.47. The company’s fifty day moving average price is $20.19 and its 200-day moving average price is $23.94. The company has a market capitalization of $12.23 billion, a PE ratio of 20.81 and a beta of 1.10.

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, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. As a group, analysts predict that Gen Digital will post 2.29 earnings per share for the current year.

Analysts Set New Price Targets

GEN has been the topic of several recent research reports. Zacks Research raised shares of Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wells Fargo & Company initiated coverage on shares of Gen Digital in a research note on Tuesday, March 3rd. They set an “equal weight” rating and a $22.00 target price on the stock. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group cut shares of Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in Gen Digital by 221.5% in 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 last quarter. MUFG Securities EMEA plc acquired a new position in Gen Digital in the second quarter valued at about $47,000. Brown Brothers Harriman & Co. lifted its position in Gen Digital by 47.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock valued at $50,000 after buying an additional 568 shares during the last quarter. Larson Financial Group LLC lifted its position in Gen Digital by 20.9% in the third quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock valued at $64,000 after buying an additional 390 shares during the last quarter. Finally, Quarry LP acquired a new position in Gen Digital in the fourth quarter valued at about $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.