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

Gen Digital (NASDAQ:GENGet Free Report) updated its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) 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

Several research analysts have commented on GEN shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $27.00 target price on shares of Gen Digital in a report on Thursday, July 16th. Weiss Ratings upgraded Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Barclays lifted their price objective on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Jefferies Financial Group cut Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Argus raised shares of Gen Digital to a “strong-buy” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.33.

Check Out Our Latest Research Report on Gen Digital

Gen Digital Trading Up 0.5%

GEN stock traded up $0.15 during midday trading on Thursday, hitting $28.10. The stock had a trading volume of 8,010,816 shares, compared to its average volume of 3,949,270. 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 firm has a market cap of $16.82 billion, a P/E ratio of 12.76 and a beta of 1.21. The business has a fifty day moving average price of $25.90 and a two-hundred day moving average price of $23.29. Gen Digital has a 1-year low of $17.78 and a 1-year high of $32.22.

Gen Digital (NASDAQ:GENGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.64 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. 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, sell-side analysts predict that Gen Digital will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the completion of the sale, the director owned 3,832,724 shares of the company’s stock, valued at $94,974,900.72. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Chrystal bought 3,000 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $27.06 per share, with a total value of $81,180.00. Following the completion of the acquisition, the director owned 31,419 shares of the company’s stock, valued at $850,198.14. This represents a 10.56% increase in their position. The disclosure for this purchase is available in the SEC filing. 9.70% of the stock is owned by corporate insiders.

More Gen Digital News

Here are the key news stories impacting Gen Digital this week:

  • Positive Sentiment: Quarterly earnings and revenue topped expectations. Gen Digital reported fiscal Q1 EPS of $0.71, above the $0.69 consensus and up from $0.64 a year earlier. Revenue reached $1.34 billion versus the $1.31 billion estimate, providing a favorable catalyst for the stock. Gen Digital Beats Q1 Earnings and Revenue Estimates
  • Positive Sentiment: Full-year guidance was raised above analyst expectations. Gen Digital forecast fiscal 2027 EPS of $2.87-$2.97, compared with the $2.83 consensus, and revenue of $5.4-$5.5 billion, versus expectations of $5.4 billion. Higher guidance signals management expects continued growth and supports investor confidence. Gen Digital Raises Annual Forecast
  • Positive Sentiment: Underlying cybersecurity demand remains strong. Management cited growing demand for its family of cybersecurity products as consumers and businesses face increasingly sophisticated, AI-enabled online threats. Gen Further Accelerates in Q1 FY27
  • Neutral Sentiment: Second-quarter guidance was mixed to favorable. EPS guidance of $0.71-$0.73 is above the $0.70 consensus, while revenue guidance of $1.3-$1.4 billion broadly matches expectations. This limits the potential for a major additional near-term surprise.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC grew its holdings in shares of Gen Digital by 20.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,255 shares of the company’s stock worth $64,000 after acquiring an additional 390 shares during the period. Vident Advisory LLC lifted its stake in shares of Gen Digital by 1.6% in the 3rd quarter. Vident Advisory LLC now owns 26,906 shares of the company’s stock valued at $764,000 after purchasing an additional 428 shares during the period. Captrust Financial Advisors lifted its stake in shares of Gen Digital by 1.7% in the 4th quarter. Captrust Financial Advisors now owns 29,545 shares of the company’s stock valued at $803,000 after purchasing an additional 487 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Gen Digital by 47.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,756 shares of the company’s stock valued at $50,000 after purchasing an additional 568 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its position 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 purchasing an additional 693 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

About Gen Digital

(Get Free Report)

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.

See Also

Earnings History and Estimates for Gen Digital (NASDAQ:GEN)

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