Gen Digital (NASDAQ:GEN) Releases FY 2026 Earnings Guidance

Gen Digital (NASDAQ:GEN) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 2.510-2.56 for the period, compared to the consensus EPS estimate of 2.430. The company issued revenue guidance of $4.9 billion-$5.0 billion, compared to the consensus revenue estimate of $4.9 billion. Gen Digital also updated its Q3 2026 guidance to 0.620-0.64 EPS.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Morgan Stanley upped their target price on Gen Digital from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gen Digital in a research report on Wednesday, October 8th. Jefferies Financial Group initiated coverage on Gen Digital in a research note on Friday, October 3rd. They set a “hold” rating and a $31.00 target price for the company. Finally, Royal Bank Of Canada lifted their price target on Gen Digital from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.71.

Gen Digital Stock Down 1.5%

Shares of Gen Digital stock traded down $0.39 during trading on Thursday, hitting $25.45. The company’s stock had a trading volume of 6,614,310 shares, compared to its average volume of 3,995,052. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The company has a fifty day simple moving average of $27.91 and a two-hundred day simple moving average of $28.66. The company has a market capitalization of $15.67 billion, a PE ratio of 26.24, a P/E/G ratio of 0.87 and a beta of 0.94. Gen Digital has a 52 week low of $22.74 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.19 billion. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. Gen Digital’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Equities research analysts predict that Gen Digital will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEN. Geneos Wealth Management Inc. raised its position in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares during the period. MUFG Securities EMEA plc bought a new stake in Gen Digital during the 2nd quarter valued at about $47,000. Great Lakes Advisors LLC bought a new stake in Gen Digital during the 1st quarter valued at about $205,000. HUB Investment Partners LLC purchased a new position in Gen Digital during the 2nd quarter valued at about $322,000. Finally, Focus Partners Wealth boosted its holdings in shares of Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after buying an additional 1,980 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.