Gen Digital Inc

Gen Digital, Inc. engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.

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Gen Digital Inc (GEN) reports record revenue and profitability, eyes growth through cybersafety innovation

Gen Digital Inc (GEN) delivered strong financial results in Q4 2024, driven by a focus on consumer cybersafety and innovative product launches. The company aims to continue investing in technology and customer-centric strategies to drive growth in fiscal year 2025.

Gen Digital Inc reports strong Q1 results, focuses on cyber safety and growth

Gen Digital Inc's Q1 2025 performance reflects strength in financial results, customer metrics, and strategic direction, supported by a focus on cyber safety and technology.
The company's emphasis on customer acquisition, retention, and AI-driven solutions positions it well to navigate challenges and capitalize on growth opportunities in the cybersecurity market.
While facing challenges in a competitive landscape and potential currency risks, Gen Digital Inc's commitment to innovation and disciplined capital allocation underpins its long-term growth strategy.
Overall, Gen Digital Inc's earnings call highlights a balanced approach to driving growth, profitability, and customer value in the cybersecurity sector.

Gen Digital Inc (GEN) reports strong Q2 earnings and raises full-year guidance

Gen Digital Inc (GEN) demonstrated robust financial performance in Q2, driven by strong customer growth, revenue expansion, and prudent financial management.
While facing challenges in a competitive market, the company's focus on innovation, customer protection, and strategic investments presents growth opportunities.
With an optimistic outlook for Q3 and raised full-year guidance, Gen Digital Inc (GEN) remains committed to customer-centric growth and cybersecurity leadership.

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Gen Digital, Inc. engages in the provision of security, storage, and systems management solutions. The firm focuses on providing consumer cyber safety with its business solutions. Its brands include Norton, Avast, Lifelock, Avira, AVG, and CCleaner. The company was founded by Gary Hendrix in April 1982 and is headquartered in Tempe, AZ.

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Gen Digital, perhaps better known as NortonLifeLock Security by investors, has seen its share price dominated by the Avast deal. After years of divestments and simplification, the company made a decisive move in 2022. Despite apparently solid earnings, I am cautious about Gen Digital stock despite low earnings multiples amidst high leverage and a troubled past.

Gen Digital: Continued Changes At This Cybersecurity Play

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Gen Digital's (GEN) Q4 results reflect strong customer growth and the benefits of the global business expansion and the Avast acquisition, leading to year-over-year growth in revenues and bookings.

Gen Digital (GEN) Beats on Q4 Earnings and Revenue Estimates

Gen Digital Inc. (NASDAQ:GEN ) Q4 2023 Earnings Conference Call May 11, 2023 5:00 PM ET Company Participants Mary Lai - Head, Investor Relations Vincent Pilette - Chief Executive Officer Natalie Derse - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Angie Song - Morgan Stanley Operator Good afternoon everyone. Thank you for standing by.

Gen Digital Inc. (GEN) Q4 2023 Earnings Call Transcript

Gen Digital (GEN) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.46 per share a year ago.

Gen Digital (GEN) Surpasses Q4 Earnings and Revenue Estimates

Gen Digital Inc forecast first-quarter revenue below Wall Street estimates on Thursday as customers hit by higher borrowing rates and sticky inflation cut spending on cybersecurity products.

Gen Digital forecasts downbeat revenue as customers cut spending

Record Bookings Crosses $1 Billion in Q4 FY23 TEMPE, Ariz. and PRAGUE , May 11, 2023 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, released its results for its fiscal year 2023 fourth quarter and full year, which ended March 31, 2023.

Gen Delivers Fourth Consecutive Year of Organic Growth in FY23

Post the acquisition, the integration of Avast Plc is likely to have driven Gen Digital's (GEN) Q4 top line. However, the equity dilution impact of the same acquisition is anticipated to have weighed on the EPS.

What's in the Offing for Gen Digital (GEN) in Q4 Earnings?

TEMPE, Ariz. and PRAGUE , April 13, 2023 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN) today announced that its fiscal 2023 fourth quarter and full year financial results will be released Thursday, May 11, 2023, after market close.

Gen to Announce Fiscal 2023 Fourth Quarter and Full-Year Results on May 11, 2023

TEMPE, Ariz. and PRAGUE, April 13, 2023 /PRNewswire/ -- Gen (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, today announced two SE Labs award wins recognizing Norton 360 as the Best Home Anti-Malware Solution and Avast Free Antivirus as the Best Free Anti-Malware in their Annual Report 2023 Annual Report 2023. These awards recognize Gen's commitment to providing people with dependable protection.

Norton and Avast Win SE Labs Awards for Excellent Performance

Gen Digital has taken on $9B of debt to acquire Avast and had a healthy first quarter with the new company under its wing. It has posted consistent net profits and cash flows for the past 10 quarters.

Gen Digital: Impact Of New Acquisition Yet To Be Determined

TEMPE, Ariz. and PRAGUE , March 29, 2023 /PRNewswire/ -- Gen (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom through its trusted family of brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner, has been recognized on Newsweek's list of America's Most Trustworthy Companies 2023.

Gen Named One of America's Most Trustworthy Companies by Newsweek

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Stalkerware is often installed secretly on mobile phones by abusive spouses, ex partners and other close contacts to spy on their targets TEMPE, Ariz. and PRAGUE , March 14, 2023 /PRNewswire/ -- The risk of encountering stalkerware on a mobile device increased 239% globally over a three-year period according to the latest threat telemetry from Avast, a leading digital security and privacy brand of Gen™ (NASDAQ: GEN).

Stalkerware Grows 239% Worldwide Over the Past Three Years

New premium service provides all-in-one personal protection beyond device security to include identity restoration and unlimited 24/7 tech support TEMPE, Ariz. and PRAGUE , March 9, 2023 /PRNewswire/ -- Avast, a leading digital security and privacy brand of Gen™ (NASDAQ: GEN), today launched Avast One Platinum, the new premium tier of the award-winning Cyber Safety service, Avast One.

Avast Introduces Avast One Platinum

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TEMPE, Ariz., and PRAGUE , March 8, 2023 /PRNewswire/ -- With tax season at its midpoint, LifeLock, a leading identity protection brand of Gen™ (NASDAQ: GEN), today released expert insight on dubious and surprising methods criminals are taking to defraud unsuspecting taxpayers, as well as tips on how to protect their identities and tax refunds from being stolen.

LifeLock Empowers Taxpayers with Knowledge to Help Fight Fraud

Norton, Avast, AVG and Avira Recognized for Quality Innovations That Drive Consumer Trust TEMPE, Ariz. and PRAGUE , March 2, 2023 /PRNewswire/ -- Gen (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, today announced the win of 10 AV-TEST Institute awards for device protection solutions.

Gen Earns 10 AV-TEST Institute Best Protection and Best Security Product Awards Across Four of its Trusted Brands

LifeLock provides up to $1 million each for lawyers and experts, reimbursement for stolen funds, and out-of-pocket expenses Social Media Monitoring expands to TikTok and Snapchat TEMPE, Ariz., and PRAGUE , Feb. 23, 2023 /PRNewswire/ -- According to the latest Norton Cyber Safety Insights Report, more than 75% of all identity theft victims in 2022 were impacted financially.

LifeLock Offers Up to $3 Million in Identity Theft Coverage and Expanded Social Media Monitoring and Lock and Freeze Center Features

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Avast researchers also discovered and reported two zero-day vulnerabilities, and observed the spread of information-stealing malware, remote access trojans, and botnets TEMPE, Ariz. and PRAGUE , Feb. 9, 2023 /PRNewswire/ -- Avast, a leader in digital security and privacy, and a brand of Gen™ (NASDAQ: GEN), saw an increase in threats using social engineering to steal money, such as refund and invoice fraud and tech support scams, during Q4 of the calendar year 2022.

Avast Threat Report: Consumers Plagued with Refund Fraud, Tech Support Scams and Adware

Alarmingly, more than one third  of younger generations say they don't care if a current or former romantic partner stalks them online, as long as it's not in person TEMPE, Ariz. & PRAGUE, Feb. 7, 2023 /PRNewswire/ -- A new survey conducted online in the US by The Harris Poll on behalf of Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), reveals Gen Z (ages 18-25) and Millennials (ages 26-42) have concerningly relaxed attitudes about online stalking.

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News for Gen Digital Inc Stock (GEN)