Gen Digital (US:GEN) ZACKSยท2024-10-30 23:01Core Insights - Gen Digital (GEN) reported $975 million in revenue for Q3 2024, a year-over-year increase of 2.1% and a surprise of +0.67% over the Zacks Consensus Estimate of $968.54 million [1] - The company achieved an EPS of $0.54, matching the consensus estimate, with a comparison to $0.47 from the previous year [1] Financial Performance Metrics - Direct customer count reached 39.7 million, exceeding the average estimate of 39.39 million [3] - Direct average revenue per user (ARPU) was $7.26, slightly above the average estimate of $7.25 [3] - Cyber Safety Revenue from partners was $102 million, compared to the estimated $100.88 million, reflecting a +7.4% change year-over-year [3] - Cyber Safety Revenue from direct customers was $860 million, slightly below the estimated $863.87 million, with a +2.8% change year-over-year [3] Stock Performance - Over the past month, Gen Digital's shares returned -0.3%, while the Zacks S&P 500 composite increased by +1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [4]