The bio-tech firm Gen Digital Inc. (NASDAQ: GEN) has been making significant waves in the market recently. The stock has demonstrated robust performance, often outperforming its competitors on trading days. With short-term interest in the company on the rise, investors are swiftly addressing whether to buy the stock before it goes ex-dividend. The company has been known to consistently offer dividends, with a planned quarterly dividend of $0.13 to be issued soon. Add to this, Gen Digital has seen a 15% increase in its stock value.
Analysts seem to favor the company, with several promoting it as a top-ranked growth stock. Despite a 29% rise, the company's P/E ratio still looks reasonable. Many Wall Street analysts are advocating for the stock. There are hints of insider trading as the CFO, Natalie Derse, recently sold 169,535 shares, which has reduced her stake by 51%. Nevertheless, Gen Digital's upcoming earnings report is anticipated, especially after their last quarter earnings met estimates and revenues surpassed them. Despite some fluctuations, the company has been lauded for its healthy balance sheet.
Gen Digital Stocks GEN News Analytics from Mon, 07 Nov 2022 08:00:00 GMT to Sun, 18 Aug 2024 22:27:58 GMT - Rating 8 - Innovation -2 - Information 7 - Rumor 2
