Gen Digital (GEN)

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Gen Reports Third Quarter Fiscal Year 2025 Results
Prnewswire· 2025-01-30 21:05
Core Insights - Gen Digital Inc. reported strong Q3 results for fiscal year 2025, with revenue of $986 million, a 4% increase year-over-year, and operating income of $374 million, up 13% [5][11][12] - The company has strengthened its full-year guidance, expecting revenue between $3,915 million and $3,930 million, and EPS in the range of $2.20 to $2.22 [6][8] - Gen Digital emphasizes the growing demand for comprehensive consumer Cyber Safety solutions, reflecting its commitment to protecting customer data and assets [2][7] Financial Performance - Q3 FY25 revenue was $986 million, with a 4% increase in both USD and constant currency [5][22] - Operating income reached $374 million, resulting in an operating margin of 38%, which is a 3-point increase [5][11] - Diluted EPS for Q3 was $0.26, an 18% increase compared to the previous year [5][11] Guidance and Dividends - The company expects Q4 FY25 revenue to be between $990 million and $1,005 million, with EPS projected between $0.57 and $0.59 [6][8] - Gen's Board of Directors approved a quarterly cash dividend of $0.125 per common share, to be paid on March 12, 2025 [3] Customer Metrics - Direct customer revenues for Q3 were $869 million, up from $834 million, with a direct customer count of 40.1 million [22][23] - The retention rate improved to 78%, up from 77% year-over-year [23] Strategic Focus - Gen Digital is focused on strategic investments and disciplined execution to sustain momentum and drive future success in the Cyber Safety market [2][7] - The company aims to enhance customer trust by providing practical solutions to address evolving threats and protect personal information [1][2]
Gen Digital to Report Q3 Earnings: What's in Store for the Stock?
ZACKS· 2025-01-27 15:50
Core Viewpoint - Gen Digital Inc. is expected to report its third-quarter fiscal 2025 results on January 30, with anticipated non-GAAP revenues between $980 million and $990 million, reflecting a year-over-year growth of 3.4% [1][2]. Financial Performance Expectations - The consensus estimate for Gen Digital's revenues is $985.7 million, while non-GAAP earnings are projected to be between 54 and 56 cents per share, with a consensus mark of 55 cents per share, indicating a year-over-year increase of 12.2% [2]. - In the previous four quarters, Gen Digital's earnings have shown mixed results, beating the consensus once, missing once, and matching twice, with an average negative surprise of 0.02% [3]. Market and Demand Factors - The company's performance is likely to benefit from increased demand for cybersecurity products due to a significant rise in global hacking incidents, which has led to a growing client base [4][5]. - The launch of Norton Small Business Premium, a comprehensive cybersecurity solution, is expected to enhance sales in the upcoming quarter, with estimated revenues for the Consumer Security segment at $621.1 million, a 3.2% year-over-year increase [6]. - The Identity and Information Protection division is projected to see revenues of $351.9 million, indicating a growth of 5.4% from the previous year [6]. - Strong demand for identity theft protection solutions and strategic partnerships are anticipated to contribute positively to top-line growth [7]. Challenges and Economic Context - Despite the positive outlook, Gen Digital's performance may be affected by a decline in IT spending due to high interest rates and inflation, which are impacting consumer spending and leading enterprises to defer IT investments [8]. - Ongoing macroeconomic and geopolitical challenges are also expected to influence the company's fiscal third-quarter results [8]. Earnings Prediction Model - According to the Zacks model, Gen Digital currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating that the odds of an earnings beat are not favorable at this time [9].
Genmab Announces Net Sales of DARZALEX® (daratumumab) for 2024
GlobeNewswire· 2025-01-22 11:23
Company Overview - Genmab is an international biotechnology company headquartered in Copenhagen, Denmark, with a presence across North America, Europe, and Asia Pacific [3] - The company focuses on developing innovative and differentiated antibody therapeutics to improve the lives of patients with cancer and other serious diseases [2] - Genmab has a proprietary pipeline that includes bispecific T-cell engagers, antibody-drug conjugates, next-generation immune checkpoint modulators, and effector function-enhanced antibodies [2] - By 2030, the company aims to transform patient lives with its KYSO (knock-your-socks-off) antibody medicines [2] Product Performance - Worldwide net trade sales of DARZALEX (daratumumab) in 2024 totaled USD 11,670 million, including USD 6,588 million in the U S and USD 5,082 million in the rest of the world [1] - The sales include both the intravenous product and the subcutaneous (SC) product, sold under the tradename DARZALEX FASPRO in the U S [1] - Genmab receives royalties on the worldwide net sales of DARZALEX under an exclusive license agreement with Johnson & Johnson (J&J) [1][5] Business Model - Genmab operates under a royalty-based model for DARZALEX, leveraging J&J's global development, manufacturing, and commercialization capabilities [1] - The company owns several trademarks, including Genmab, HuMax, DuoBody, HexaBody, DuoHexaBody, HexElect, and KYSO, while DARZALEX and DARZALEX FASPRO are trademarks of Johnson & Johnson [5]
Avast Expands Identity Protection Solution to Help Tackle Rise in Scam and Identity Theft
Prnewswire· 2025-01-16 07:00
Core Insights - Avast has launched its identity protection solution, Avast Secure Identity, in 15 new countries outside the US to combat rising identity theft and scam risks [1][4] Group 1: Product Expansion - Avast Secure Identity is now available in countries including the UK, France, Germany, Australia, New Zealand, Brazil, Mexico, Spain, and Italy [4] - The expansion aims to provide more individuals with tools to protect their identities amid increasing cyber threats [3] Group 2: Cybersecurity Landscape - There has been a significant rise in large-scale data breaches, which cybercriminals exploit to commit identity theft [2] - The Q3/2024 Gen Threat Report noted a 614% increase in "Scam-Yourself Attacks," where individuals are manipulated into compromising their own devices [2] Group 3: Key Features of Avast Secure Identity - Continuous monitoring of personal information across private forums and the dark web, with notifications for detected data [3][6] - Restoration support from Identity Restoration Specialists to assist victims of identity theft [6] - Additional features include dark web monitoring, social media monitoring, financial monitoring, and identity theft insurance available in specific regions [6]
Gen to Announce Fiscal 2025 Third Quarter Results on January 30, 2025
Prnewswire· 2025-01-08 21:05
Core Viewpoint - Gen Digital Inc. is set to release its fiscal 2025 third quarter financial results on January 30, 2025, after market close, followed by a conference call and webcast [1][2]. Company Overview - Gen Digital Inc. (NASDAQ: GEN) is a global company focused on empowering Digital Freedom through its cybersecurity brands, including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner [2]. - The company aims to provide safety for the first digital generations and currently serves nearly 500 million users across more than 150 countries [2].
Genmab to Present at the 43rd Annual J.P. Morgan Healthcare Conference
GlobeNewswire· 2025-01-03 18:56
Company Update Presentation - Genmab's CEO, Jan van de Winkel, will present a company update at the 43rd Annual J P Morgan Healthcare Conference on January 14, 2025, at 3:00 PM PST / 6:00 PM EST [1] - The presentation will be available via live and archived webcast on Genmab's website [1] Company Overview - Genmab is an international biotechnology company focused on developing innovative antibody therapeutics to improve the lives of patients with cancer and other serious diseases [2] - The company has over 25 years of experience in inventing next-generation antibody technology platforms, leveraging translational, quantitative, and data sciences [2] - Genmab's proprietary pipeline includes bispecific T-cell engagers, antibody-drug conjugates, next-generation immune checkpoint modulators, and effector function-enhanced antibodies [2] - By 2030, the company aims to transform patient lives with its "knock-your-socks-off" (KYSO) antibody medicines [2] - Genmab was established in 1999 and is headquartered in Copenhagen, Denmark, with a global presence across North America, Europe, and Asia Pacific [2] Trademarks and Legal Information - Genmab and its subsidiaries own several trademarks, including Genmab, the Y-shaped Genmab logo, HuMax, DuoBody, HexaBody, DuoHexaBody, HexElect, and KYSO [4]
Gen Reveals Cybersecurity Predictions for 2025
Prnewswire· 2024-12-04 14:00
Core Insights - The article outlines Gen's top cybersecurity predictions for 2025, emphasizing the increasing sophistication of cyber threats driven by AI and data breaches [1][2]. Group 1: AI and Reality - AI will begin to blur everyday reality, with over 200 million people using ChatGPT weekly by late 2024, leading to ethical discussions on AI's impact on human thought [3]. - Deepfakes will become unrecognizable, making it difficult for even experts to discern authenticity, which could lead to manipulation by malicious actors [4]. Group 2: Data and Identity Theft - Data theft will lead to a surge in identity theft, as criminals will create comprehensive profiles from stolen data, increasing the risk of sophisticated extortion attempts [5]. - Scams will evolve into hyper-personalized tactics, utilizing personal data from breaches to manipulate victims effectively [6]. Group 3: Financial Theft - Financial theft will take on new forms, with advanced techniques such as deepfaked celebrities promoting fake investment platforms and voice-cloned officials announcing fraudulent schemes [7][8].
Gen Digital (GEN) Up 5.9% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-11-29 17:37
It has been about a month since the last earnings report for Gen Digital (GEN) . Shares have added about 5.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Gen Digital due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Gen Digital Q2 Earnings Meet Estimates, Revenues ...
GEN Restaurant Group: Lots Of Potential Growth For Peanuts
Seeking Alpha· 2024-11-29 09:54
I'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining. We employ advanced analytical models and specialized valuation techniq ...
Gen Digital Locking in Big Money Support
FX Empire· 2024-11-22 18:55
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