Gen Digital (NASDAQ:GEN) Stock Rating Upgraded by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Gen Digital (NASDAQ:GEN) to a strong-buy rating in a research note released on Thursday, Zacks.com reports.

Gen Digital Price Performance

Shares of NASDAQ GEN opened at $26.97 on Thursday. The stock has a market cap of $16.89 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.27 and a beta of 0.81. Gen Digital has a twelve month low of $16.38 and a twelve month high of $28.45. The stock has a 50 day moving average of $26.72 and a two-hundred day moving average of $24.83. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 3.65.

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

Gen Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 19th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.50 annualized dividend and a dividend yield of 1.85%. Gen Digital’s dividend payout ratio (DPR) is 52.63%.

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.