Welcome to our dedicated page for GEN DIGITAL news (Ticker: GEN), a resource for investors and traders seeking the latest updates and insights on GEN DIGITAL stock.
Gen Digital Inc (NASDAQ: GEN) delivers trusted cybersecurity solutions through industry-leading brands like Norton, LifeLock, and Avast. This news hub provides investors and professionals with essential updates on the company's strategic initiatives, product developments, and market performance.
Access real-time press releases, earnings reports, and analysis of GEN's consumer protection innovations. Our curated collection includes updates on cybersecurity product launches, partnership announcements, and industry leadership insights - all critical for understanding the company's position in digital safety markets.
Stay informed about GEN's global operations across 150+ countries through verified updates on threat detection advancements, identity protection services, and privacy solution enhancements. Content is organized for quick scanning while maintaining depth for technical audiences.
Bookmark this page for continuous access to GEN's official communications and third-party analysis. Check regularly for updates on emerging cybersecurity trends impacting the company's portfolio of award-winning consumer protection products.
Gen Digital Inc. (NASDAQ: GEN) reported strong financial results for Q3 Fiscal Year 2023, with GAAP revenue reaching $936 million, a 33% increase year-over-year. The company's diluted EPS from continuing operations was $0.25, down from $0.34 a year prior. Operating cash flow stood at $306 million. Non-GAAP figures showed revenue growth of 33% in USD and 38% in constant currency, with bookings of $966 million, an increase of 29%. The operating margin improved to 56%, up 3 points. For Q4 FY23, Gen expects revenue between $935 million and $945 million, with diluted EPS projected at $0.44 to $0.46. A quarterly cash dividend of $0.125 per share was also approved.
Gen (NASDAQ: GEN) announced that its cyber threat protection brands—Norton, Avast, AVG, and Avira—collectively won eight AV-Comparatives awards, highlighting their effectiveness in malware protection. Norton secured the Gold Award for Malware Protection and four Advanced+ awards. Avast and AVG each received a Top-Rated Product Award after achieving Advanced+ levels in 6 out of 7 tests. Avira was honored with the Gold Award for Real-World Protection. These accolades affirm Gen's commitment to quality cybersecurity solutions as it strives to enhance consumer trust and digital safety amidst rising cyber threats.
Gen Digital Inc. (NASDAQ: GEN) announced it will release its fiscal 2023 Q3 financial results on February 2, 2023, after market close. A conference call and webcast with management will follow at 2 p.m. PT / 5 p.m. ET. The company focuses on digital safety, providing services under brands like Norton, Avast, and LifeLock, serving over 500 million users in over 150 countries.
Gen is addressing global food insecurity by donating over 1.1 million meals and $172,000 to various organizations this December and January. With rising food insecurity affecting 828 million people worldwide, this initiative aims to assist those in need. Funds will support Feeding America in the U.S., Save the Children India for underprivileged children, and NGOs like The European Food Banks Federation and People in Need in Europe. These efforts target immediate hunger relief and long-term solutions to food access challenges.
Avast is set to play a key role in the European Commission's EU Digital Identity Wallet Consortium (EWC), which has been chosen to oversee large-scale pilots for the EU Digital Identity Wallet (EUDI) ecosystem. This initiative aims to provide European citizens with a secure digital identity recognized across EU Member States. The pilot, focusing on enhancing travel transactions, will debut in early 2023, showcasing the potential of digital wallets in eCommerce. Andrew Tobin, Commercial Director at Avast, emphasized its significance in empowering digital freedom for users.
Gen demonstrated a strong commitment to corporate responsibility in November 2022 through its initiatives surrounding Giving Tuesday. The company, previously known as NortonLifeLock, launched the Gen Giving Hub to facilitate employee donations, providing $50 in 'seeding' to 694 employees, resulting in a total of $509,992 donated to 674 causes. The significant 3:1 employee match reflects Gen's culture of philanthropy, with previous years seeing substantial fundraising efforts. Gen is also focusing on alleviating food insecurity during the holiday season, continuing its support for various charitable initiatives.
Avast, a global digital security brand under Gen (NASDAQ: GEN), warns of a heightened risk of ransomware attacks in 2023, predicting increased threats to both individuals and businesses if ransom demands are not met. The company highlights the manipulation of economic fears by scammers, leading to a rise in social engineering tactics. With malware becoming more accessible, cybergangs may recruit individuals for malicious activities. Overall, Avast emphasizes the urgent need for personal and corporate cybersecurity measures to combat these evolving threats.
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