UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 000-17781 Gen Digital Inc. (Exact name of the registrant as specified in its charter) | Delaware | | | | 77-0181864 | | --- | --- ...

Gen Digital (GEN -11.25%) stock lost substantial ground in Friday's trading. The company's share price closed out the daily session down 11.2%, according to data from S&P Global Market Intelligence.Gen Digital published results yesterday for the third quarter of its current fiscal year, a period that concluded on Dec. 29, 2023. Performance for the quarter came in below the market's expectations, and the company issued guidance that fell short of Wall Street's targets.Gen Digital's recent quarterly results m ...

Gen Digital’s (GEN) shares declined 15% after it reported third-quarter fiscal 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimate. However, the bottom and top lines marked year-over-year improvements.Gen Digital was formerly known as NortonLifeLock Inc. and was trading under the NLOK ticker symbol. NortonLifeLock changed its name and ticker symbol, effective from Nov 8, 2022, following the merger of NortonLifeLock and Avast Plc. The newly named company unites trusted consumer sa ...

Gen Digital (GEN) reported $953 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.8%. EPS of $0.49 for the same period compares to $0.45 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $955.8 million, representing a surprise of -0.29%. The company delivered an EPS surprise of -2.00%, with the consensus EPS estimate being $0.50.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Gen Digital (GEN) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2%. A quarter ago, it was expected that this security software maker would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise.Over the last four quarters, the company h ...

Financial Performance & Guidance - Q4 FY24 revenue is projected to be between $960 million and $970 million, with EPS between $0.52 and $0.54[3] - FY24 revenue is expected to be between $3.805 billion and $3.815 billion, with EPS between $1.95 and $1.97[4] - Q3 FY24 revenue reached $951 million, a 2% increase year-over-year in both USD and constant currency[23] - Q3 FY24 EPS was $0.49, a 10% increase year-over-year in USD[23] - The company achieved approximately $290 million in annual run-rate synergies to date[10] Profitability & Margins - The company is making continued progress towards a 60% margin[13] - Q3 FY24 operating margin expanded to 58.7%, a 250 basis points increase[23] Balance Sheet & Capital Structure - The company's debt principal stands at $9.375 billion[11] - The company has liquidity of approximately $2 billion, including ~$500 million in cash and $1.5 billion undrawn on the revolver[11] - The company's net leverage is 3.9x Debt/EBITDA, with a long-term target of below 3x[12] - The company has made $834 million in total debt repayments[12] Cyber Safety Metrics - Cyber Safety revenue increased by 3% in constant currency[23] - Direct customers increased by 330,000 sequentially[42] - Direct retention rate is 77%[25] - The company blocked 1 billion attacks monthly in Q3, resulting in 10 billion in 2023[44]

Total Radius is an all-in-one, AI-powered platform for reputation monitoring and privacy protection that helps resolve existing threats and prevent emerging ones TEMPE, Ariz., and PRAGUE, Jan. 31, 2024 /PRNewswire/ -- ReputationDefender, a leading digital privacy and online reputation brand of Gen™ (NASDAQ: GEN), has launched Total Radius, a first-to-market, AI-powered protection service to help public-facing individuals control their online presence and reduce the likelihood of physical safety threats aris ...

In its upcoming report, Gen Digital (GEN) is predicted by Wall Street analysts to post quarterly earnings of $0.50 per share, reflecting an increase of 11.1% compared to the same period last year. Revenues are forecasted to be $955.8 million, representing a year-over-year increase of 2.1%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company' ...

"At this point cyber scams are everywhere. I get emails every week claiming I need to click some random link in order to 'claim a prize.' So, when Norton approached me to help them in fighting back against cyber scams, I was happy to get involved," said Dan Levy. "It's so easy these days to get tricked into opening, clicking, or sharing shady links. The fact that Genie helps identify these scams and keeps people from falling victim to sharing money or personal information is such an important tool." With ne ...

At the end of December, Bloomberg reported that almost $17 billion in software-related distressed debt was trading significantly below 100 cents on the dollar. This suggests that 2024 could be the year to sell overly leveraged software stocks. The report suggested that software companies in this predicament might turn to private credit to get themselves out of a jam. Tim Donahue, global head of Lazard Capital Solutions, stated:“The market should see more private credit financing where there is real enterpri ...