Gen Digital (NasdaqGS:GEN) Declines 10% As President Trump's Tariff Announcement Hits Tech Stocks

Gen Digital (NasdaqGS:GEN) experienced a significant decline of 10% over the past week, coinciding with a turbulent period for the broader market as the Nasdaq entered a bear market. The steep drop in the company's share price may relate to the overall market downturn caused by escalating global trade tensions, as evidenced by President Trump's tariff announcement that sent shockwaves through various sectors. Major indices faced declines with tech-heavy stocks being particularly hard hit. This general market sell-off reflects the broader investor sentiment towards economic uncertainty, potentially influencing Gen Digital's recent performance.

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Over the past five years, Gen Digital's total shareholder return, including both share price and dividends, reached 36.92%. This period has seen the company's performance mark several pivotal developments. The integration of MoneyLion and AI technologies highlights efforts to enhance their cyber safety platform and diversify market reach. Significant among the company's strategic moves was the issuance of US$950 million in senior notes in early 2025 to manage existing debt, a testament to Gen Digital's solid financial strategy aimed at optimizing capital structure.

Product development, such as the introduction of AI-powered Norton Genie Scam Protection, demonstrates Gen Digital's commitment to addressing evolving cyber threats, potentially bolstering both customer retention and market competitiveness. Concurrently, the company's endeavors in mergers and acquisitions signal a continued pursuit of growth opportunities. Moreover, alongside its financial maneuvers, including dividends and a substantial share buyback program, these initiatives play a crucial role in shaping Gen Digital's sustained shareholder returns.

Explore historical data to track Gen Digital's performance over time in our past results report.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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