Gen Digital (NASDAQ:GEN) Hits New 1-Year High at $26.78

Gen Digital Inc. (NASDAQ:GEN) shares reached a new 52-week high during trading on Monday . The stock traded as high as $26.78 and last traded at $26.72, with a volume of 53086 shares traded. The stock had previously closed at $26.49.

Analyst Ratings Changes

Separately, Argus upgraded Gen Digital to a “strong-buy” rating in a research report on Tuesday, May 28th.

Gen Digital Stock Performance

The firm has a market cap of $16.74 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.23 and a beta of 0.81. The business has a 50 day simple moving average of $25.48 and a two-hundred day simple moving average of $23.71. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 3.65.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.41 million. Gen Digital had a return on equity of 52.29% and a net margin of 15.87%. As a group, equities research analysts forecast that Gen Digital Inc. will post 2.04 earnings per share for the current fiscal year.

Gen Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 19th were given a dividend of $0.125 per share. The ex-dividend date was Monday, August 19th. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. Gen Digital’s payout ratio is 52.63%.

Gen Digital Company Profile

Gen Digital Inc provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.