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GEN Korean BBQ Debuts All-New Premium Menu Nationwide
GlobeNewswire News Room· 2024-06-13 12:30
The new Premium Menu featuring high-quality, top shelf proteins is available for an extra price per person or a la carte, allowing diners to choose from a wide variety of delectable dishes including beef, pork, chicken and seafood options while enjoying the engaging and interactive experience of being their own chef. About GEN Korean BBQ Premium Marinated Long Bone Short Rib Steak Premium Wagyu Premium Marbling Center Cut Marinated Short Rib Al Pastor Pollo Asado Premium Cajun Shrimp Carne Asada Premium Tac ...
Gen Digital (GEN) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2024-06-12 14:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style ...
Here's Why Gen Digital (GEN) is a Promising Portfolio Pick Now
ZACKS· 2024-06-03 14:56
Gen Digital (GEN) is one stock investors should consider adding to their portfolio to benefit from its upside potential. Shares of GEN have gained 8.8% year to date (YTD) compared with the Zacks Business – Services sector's growth of 2.5%. This impressive performance comes amid broader market volatility and reflects the company's back-to-back quarters of impressive financial performance, favorable industry trends and strong fundamentals. Here's an in-depth look at why Gen Digital stock might be worth adding ...
3 Underappreciated Cybersecurity Stocks to Buy Now
Investor Place· 2024-06-03 10:00
Based in Boston, Massachusetts, Rapid7 (NASDAQ:RPD) provides cybersecurity solutions under the brands Nexpos, Metasploit and its namesake label. Per its public profile, Rapid7 offers endpoint-to-cloud data collection and sharing applications. In particular, the company utilizes its proprietary platform to centralize and monitor data in cloud environments. It also analyzes end-to-end network traffic to help pinpoint threats. While its peers often run hot multiples, RPD stock can be had for a relative discoun ...
GEN vs. TT: Which Stock Should Value Investors Buy Now?
zacks.com· 2024-05-28 16:41
Investors with an interest in Technology Services stocks have likely encountered both Gen Digital (GEN) and Trane Technologies (TT) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and o ...
Gen Releases its Fiscal 2024 Social Impact Report
prnewswire.com· 2024-05-28 15:00
About Gen Gen™ (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. The Gen family of consumer brands is rooted in providing safety for the first digital generations. Now, Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award- winning products and services in cybersecurity, online privacy and identit ...
Here's Why Gen Digital (GEN) is a Strong Growth Stock
zacks.com· 2024-05-27 14:51
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors ...
Are Business Services Stocks Lagging GEN DIGITAL INC (GEN) This Year?
zacks.com· 2024-05-27 14:46
Based on the latest available data, GEN has gained about 9.1% so far this year. Meanwhile, the Business Services sector has returned an average of 6.1% on a year-to-date basis. This means that Gen Digital is performing better than its sector in terms of year-to-date returns. The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Gen Digital (GEN) one of those stocks right now? Let's take a closer look at the stock's ...
Gen Digital (GEN) is a Top-Ranked Value Stock: Should You Buy?
zacks.com· 2024-05-24 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are ...
Gen Digital (GEN) - 2024 Q4 - Annual Report
2024-05-15 23:45
Financial Performance - Net revenues for fiscal 2024 increased by $474 million to $3,812 million, a 14% increase compared to fiscal 2023[165][183] - Operating income decreased by $105 million to $1,122 million, primarily due to increased legal accruals and amortization from the Avast acquisition[166] - Net income decreased by $733 million to $616 million, with diluted net income per share dropping from $2.16 to $0.96[165][166] - Direct customer revenue increased to $3,353 million in fiscal 2024 from $2,933 million in fiscal 2023, representing a growth of 14.4%[190] - Total cyber safety revenues rose to $3,749 million in fiscal 2024, up from $3,274 million in fiscal 2023, marking an increase of 14.5%[190] Cash Flow and Shareholder Returns - Cash and cash equivalents increased by $96 million to $846 million, driven by cash generated from operating activities[166] - The company returned $1,947 million to shareholders and bondholders, including $441 million in stock repurchases and $323 million in dividends[166] - Cash provided by operating activities significantly increased to $2,064 million in fiscal 2024, up from $757 million in fiscal 2023, an increase of $1,307 million[208][209] - Cash flows from investing activities improved to $2 million in fiscal 2024, a significant recovery from $(6,547) million in fiscal 2023, primarily due to the absence of acquisition costs[210] - The company announced a cash dividend of $0.125 per share of common stock to be paid in June 2024, reflecting ongoing commitment to shareholder returns[219] Expenses and Cost Management - Cost of revenues as a percentage of net revenues increased from 18% to 19%, while gross profit margin decreased from 82% to 81%[182] - Total operating expenses as a percentage of net revenues rose from 46% to 51%, with significant increases in general and administrative expenses[182] - Operating expenses surged to $1,959 million in fiscal 2024, a 29% increase from $1,522 million in fiscal 2023, primarily due to higher legal accruals and amortization of intangible assets[195] - Cost of revenues increased by 24% to $731 million in fiscal 2024, up from $589 million in fiscal 2023, driven by higher amortization of acquired intangible assets[193][194] Tax and Legal Matters - The company experienced a $899 million income tax refund related to fiscal 2023 tax filings[166] - The company expects to incur total costs up to $150 million related to the restructuring plan following the acquisition of Avast, with $41 million in cash payments made during fiscal 2024[221] Debt and Financial Obligations - As of March 29, 2024, total outstanding debt amounted to $8,716 million, including $6,110 million in term loans and $2,600 million in senior notes[218] - As of March 29, 2024, the company has total contractual obligations of $12,031 million, including $8,716 million in debt principal payments and $2,438 million in interest payments[224] - The company has $1,346 million in long-term income taxes payable excluded from the contractual obligations table due to uncertainty regarding future cash flows[223] - The company has $2,606 million in fixed-rate Senior Notes, with a fair value of $2,624 million, and $6,110 million in variable interest rate debt based on SOFR[226][227] Interest Rate and Currency Risk Management - A hypothetical 100 basis point change in SOFR would result in a $61 million increase in annual interest expense for the company[227] - The company entered into interest rate swap agreements to hedge $1 billion of variable rate borrowings, effectively converting them to fixed rates of 3.762% and 3.55%[228] - The company is exposed to foreign currency exchange rate risks due to operations in multiple currencies, which may impact revenue expressed in USD[230][231] - Monthly foreign exchange forward contracts are executed to hedge foreign currency balance sheet exposures, with gains and losses recorded in Other income (expense)[232] - The company maintains a $1,500 million revolving credit facility that bears interest at a variable rate based on SOFR, subject to the same risks associated with adverse changes in SOFR[229] - The company does not use derivative financial instruments for speculative trading purposes and will continue to reassess its approach to managing foreign currency risks as international operations grow[233]