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 ...

Got it. Very helpful. Thanks. Thank you for your question. Our final question comes from the line of Hamza Fodderwala. Your line is now open. Yeah, absolutely. And we have a lot of activities with partner, that's why partner is so strategic. As we embedded into security and security concerns into solutions that the consumer buy, and then directly with the consumer, we have a full set of activities in term of educating, reminding them. It's also part of our customer success journey that we drive directly wit ...

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 ...

Copyright © 2024 Gen Digital Inc. All rights reserved. 14 Q4 FY24 and FY24 Non-GAAP Guidance REVENUE $960M - $970M EPS $0.52 - $0.54 REVENUE $3.805B - $3.815B EPS $1.95 - $1.97 Q4 FY24 FY24 Key Assumptions • Revenue low single digit growth • Stable SOFR rates and currency • Free cash flow generated in Q4 to be deployed for debt paydown and share buyback • Net Leverage at / below 3.5x Go Forward Capital Structure | --- | --- | --- | --- | |------------------------------------------------|-------------------- ...

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 ...

Gen Digital Inc. (NASDAQ:GEN) 1st Anniversary Investor Update Call November 7, 2023 10:30 AM ET Company Participants Jason Starr - VP of IR Vincent Pilette - CEO Ondrej Vlcek - President Natalie Derse - CFO Conference Call Participants Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Peter Levine - Evercore Jason Starr All right. Good morning, everyone. Thanks for joining us here in New York. Really appreciate it. I'm Jason Starr, Gen's Vice President of Investor Relations. We've got a great event f ...