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

Gen Digital (NASDAQ:GEN) updated its FY 2027 earnings guidance on Thursday morning. 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.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Barclays increased their target price on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 price target on shares of Gen Digital in a research note on Thursday, July 16th. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gen Digital presently has an average rating of “Hold” and an average target price of $29.33.

Gen Digital Stock Up 0.5%

NASDAQ:GEN traded up $0.15 on Thursday, reaching $28.10. The stock had a trading volume of 8,010,816 shares, compared to its average volume of 6,699,423. The stock has a market cap of $16.82 billion, a P/E ratio of 17.78 and a beta of 1.21. Gen Digital has a 12-month low of $17.78 and a 12-month high of $32.22. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. The company has a 50-day moving average of $25.82 and a 200 day moving average of $23.28.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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. On average, research analysts predict that Gen Digital will post 2.61 earnings per share for the current year.

Insider Buying and Selling at Gen Digital

In related news, Director John C. Chrystal acquired 3,000 shares of Gen Digital stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of $27.06 per share, for a total transaction of $81,180.00. Following the purchase, the director directly owned 31,419 shares of the company’s stock, valued at $850,198.14. The trade was a 10.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the stock in a transaction on 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 owned 3,832,724 shares in the company, valued at $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Gen Digital

A number of hedge funds have recently bought and sold shares of the company. Gateway Wealth Partners LLC boosted its position in Gen Digital by 13.5% during the 4th quarter. Gateway Wealth Partners LLC now owns 8,430 shares of the company’s stock valued at $229,000 after purchasing an additional 1,000 shares during the period. Meeder Advisory Services Inc. bought a new position in Gen Digital in the 4th quarter worth about $231,000. Capital Analysts LLC grew its position in Gen Digital by 39.9% in the 4th quarter. Capital Analysts LLC now owns 5,288 shares of the company’s stock worth $144,000 after purchasing an additional 1,507 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Gen Digital in the third quarter valued at approximately $116,000. Finally, United Capital Financial Advisors LLC raised its holdings in shares of Gen Digital by 9.0% during the third quarter. United Capital Financial Advisors LLC now owns 8,425 shares of the company’s stock valued at $239,000 after buying an additional 693 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

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.