Gen Digital (GEN)

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GEN3 Silicon-Anode Batteries Continues to Outperform Graphite by 40% With Minimal Degradation After 100 Cycles
GlobeNewswire News Room· 2024-09-03 12:15
Core Insights - HPQ Silicon Inc. has reported significant advancements in battery technology through its affiliate, NOVACIUM SAS, particularly with the GEN3 silicon-based anode materials outperforming traditional graphite batteries [2][5]. Battery Performance - After 100 charge-discharge cycles, GEN3 silicon-based batteries exhibit a 40% capacity improvement over graphite batteries, 26% over GEN1, and 15% over GEN2, with minimal degradation of less than 0.5% [1][4][9]. - The average capacity of GEN3 batteries after 100 cycles is 3,838 mAh, compared to 3,332 mAh for GEN2, 3,040 mAh for GEN1, and 2,758 mAh for 100% graphite batteries [8][11]. Degradation Analysis - The performance degradation for GEN3 materials is minimal, retaining 98.8% of capacity after 100 cycles, compared to 99.2% for graphite, indicating a strong durability under real-world conditions [10][11]. Manufacturing Integration - The silicon-based anode materials can be integrated into existing manufacturing processes without the need for costly retooling, facilitating the adoption of high-performance batteries in the industry [12]. Company Background - HPQ Silicon Inc. is focused on developing green processes for critical materials, including silicon-based anode materials for battery applications, in partnership with NOVACIUM SAS [15][16].
GEN Restaurant Group, Inc. Announces September Investor Marketing Schedule
GlobeNewswire News Room· 2024-08-28 12:30
CERRITOS, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature "grill at your table" experience, is scheduled to participate in the following investor marketing events in September 2024: 2024 Gateway Conference When: Wednesday, September 4th Location: Four Seasons Hotel – San Francisco, CA Presentation Date and Time: Wednesday, September 4th at 10:00 a.m ...
Parents Cautiously Optimistic on AI in Schools: Content Safety and Data Privacy Among Top Worries
Prnewswire· 2024-08-21 13:00
Core Insights - AI is increasingly influencing education, raising concerns among parents regarding its ethical and safety implications, with 93% of parents expressing worry about AI in classrooms [1] - Norton emphasizes the importance of open discussions between parents and children to ensure safe and responsible use of AI technology [2][4] Parent Concerns - 51% of parents are worried about children encountering inappropriate content [5] - 50% are concerned about the potential bias or inaccuracy of AI-generated content and fear over-reliance on technology [5] - 46% are apprehensive about children sharing personal data online [5] Optimism Towards AI - Despite concerns, 49% of parents would approve of their child using AI for schoolwork, while 35% support its use in classrooms [6] - 69% believe AI should be utilized for research in educational settings [6] - 48% trust lesson plans and curricula developed with AI tools [6] - Only 25% of parents are very confident that teachers can identify AI-generated assignments [6] Cyber Safety Tips - Protect personal information by educating children on safeguarding their data, especially when using AI platforms [7] - Verify website safety and use a VPN for secure browsing, particularly when accessing AI tools [7] - Enable age-appropriate settings and utilize parental controls to monitor children's online activities [8] - Promote integrity and responsibility in digital behavior through discussions about Cyber Safety [8]
GEN3 Silicon-Anode Lithium-Ion Batteries Outperform Graphite by 40% Without Degradation After 50 Cycles
GlobeNewswire News Room· 2024-08-21 11:30
After 50 cycles, 18650 batteries with GEN3 silicon-based material show a 40% capacity improvement over graphite, 25% over GEN1, and 15% over GEN2, with no noticeable degradation [1]. MONTREAL, Aug. 21, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ("HPQ" or the "Company") (TSXV: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in green engineering of silica and silicon-based materials is pleased to announce the latest significant battery milestones achieved by its Francebased affiliate, NOVACIUM ...
Gen Digital (GEN) Reliance on International Sales: What Investors Need to Know
ZACKS· 2024-08-12 14:21
Have you looked into how Gen Digital (GEN) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this security software maker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for ...
New LifeLock Scan Tool Reveals Our Data is 'Out of Control'
Prnewswire· 2024-08-06 13:00
Core Insights - LifeLock is launching the "Out of Control" campaign and Personal Data Exposure Scan to raise awareness about identity theft risks and encourage consumers to take control of their personal information [1][3][5] Company Overview - LifeLock is a leader in identity theft protection in the U.S. and part of Gen™ (NASDAQ: GEN), dedicated to providing digital freedom through trusted consumer brands [6] - The company offers services that detect and alert users to potential identity threats, along with dedicated Identity Restoration Specialists to assist victims [6] Campaign Details - The "Out of Control" campaign aims to highlight the risks associated with sharing personal information in everyday situations, such as at medical offices or online shopping [3][5] - The Personal Data Exposure Scan is a free tool that analyzes millions of data points to identify where an individual's private information is exposed, helping users understand their risk of identity theft [3][5] Consumer Engagement - A live demonstration of the Personal Data Exposure Scan will take place at The Grove shopping center in Los Angeles on August 17, featuring internet personality Justin Glaze [4] - Attendees will have the opportunity to see their personal data exposure in a hologram format, enhancing consumer engagement with the campaign [4] Market Context - Nearly 25% of consumers have experienced identity theft, indicating that traditional methods of safeguarding personal information are insufficient [5]
Gen Digital (GEN) Q1 Earnings Meet Estimates, Revenues Beat
ZACKS· 2024-08-02 14:06
Gen Digital Inc. (GEN) posted first-quarter fiscal 2025 results, wherein earnings matched the Zacks Consensus Estimate and revenues beat the same. Gen Digital reported non-GAAP earnings of 53 cents per share, which improved 13% year over year and came in line with the Zacks Consensus Estimate. The bottom line increased 15% on constant currency. Increased revenues, disciplined spending and cost synergies attained from the NortonLifeLock and Avast merger mainly drove the bottom-line growth. The company's firs ...
Gen Digital (GEN) - 2025 Q1 - Earnings Call Transcript
2024-08-02 01:10
Financial Data and Key Metrics Changes - Cyber safety bookings grew 4% in constant currency, reaching a record direct customer count of 39.3 million, up 1.1 million year-over-year [4][16] - Earnings per share (EPS) for Q1 was $0.53, up 15% in constant currency [4][23] - Total Q1 revenue was $965 million, up 2% in USD and 3% in constant currency [16][22] Business Line Data and Key Metrics Changes - Cyber safety revenue grew 4% year-over-year in constant currency, driven by privacy and identity business lines [16][22] - Identity and privacy business lines saw bookings up 6%, supported by double-digit new customer acquisition [12][16] - Partner revenue was $101 million in Q1, up 4% year-over-year as reported and up 6% in constant currency [21] Market Data and Key Metrics Changes - In the U.S., revenue grew 4% with expanding demand for privacy and identity protection services [16] - International markets are being further penetrated with varying degrees of market maturity [16] Company Strategy and Development Direction - The company is focused on evolving cyber safety for consumers amidst a dynamic threat landscape [4][5] - Continuous investment in innovation and technology, including the launch of Norton Ultra VPN, is a key strategy [10][12] - The company aims to drive adoption of comprehensive cyber safety solutions globally [14][61] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing vulnerability of consumers to cyber threats and the importance of protecting personal data [6][7] - The company is confident in its ability to achieve long-term profitable revenue growth and increase shareholder value [14][27] - Management noted a healthy customer base with strong growth in customer acquisition and retention [38][39] Other Important Information - The company expects continued FX headwinds impacting reported revenue, particularly from the Japanese yen [27] - A balanced capital allocation strategy is in place, with commitments to return 100% of excess free cash flow to shareholders [25][26] Q&A Session Summary Question: What initiatives are working well for retention? - Management noted that the rollout of the new Gen stack and improved customer engagement have led to increased retention rates [29][31] Question: How should cross-sell be viewed in the context of performance? - Cross-sell penetration has increased from 15% to 20%, with ongoing efforts to enhance this metric [32][34] Question: What assumptions are baked into the guidance for the remainder of the year? - The guidance reflects a focus on gross acquisition, retention, and ARPU growth, with positive indicators in customer health [36][38] Question: How does the pipeline look for benefits enrollment season? - The company has a healthy funnel and is focused on closing deals ahead of the enrollment period [50] Question: Can you discuss the gross margin and investments in cost of sales? - Management indicated that while gross margins are stable, investments are being made in growth areas to support the overall strategy [51][52] Question: What is the contribution across different geographies for net adds? - Net adds are broad-based across geographies and brands, with a focus on sustainable growth [58][59]
Compared to Estimates, Gen Digital (GEN) Q1 Earnings: A Look at Key Metrics
ZACKS· 2024-08-01 23:31
Financial Performance - Gen Digital reported $965 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2% [1] - The EPS for the same period was $0.53, compared to $0.47 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $960.41 million, resulting in a surprise of +0.48% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.53 [1] Key Metrics - Direct customer count reached 39.3 million, surpassing the average estimate of 38.99 million based on two analysts [3] - Direct average revenue per user (ARPU) was $7.23, slightly below the estimated $7.24 [4] - Cyber Safety Revenue from partner revenues was reported at $101 million, exceeding the average estimate of $100.79 million, reflecting a year-over-year change of +4.1% [5] - Cyber Safety Revenue from direct customer revenues was $850 million, compared to the average estimate of $851.42 million, indicating a year-over-year change of +2.2% [6] Stock Performance - Shares of Gen Digital have returned +5.3% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]
Gen Digital (GEN) Q1 Earnings Meet Estimates
ZACKS· 2024-08-01 22:15
Core Viewpoint - Gen Digital reported quarterly earnings of $0.53 per share, matching the Zacks Consensus Estimate and showing an increase from $0.47 per share a year ago [1] - The company achieved revenues of $965 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.48% and up from $946 million year-over-year [2] Financial Performance - Earnings per share (EPS) for the last quarter were $0.53, with a surprise of 1.92% compared to the expected $0.52 [1] - The company has surpassed consensus revenue estimates three times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.54, with expected revenues of $965.67 million, and for the current fiscal year, the estimate is $2.20 on $3.9 billion in revenues [7] Market Performance - Gen Digital shares have increased by approximately 13.9% since the beginning of the year, while the S&P 500 has gained 15.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Technology Services industry, to which Gen Digital belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]