Why Gen Digital Stock Plummeted Today

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 ...