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) is a global company in the Software Publishers industry that focuses on cybersecurity, online privacy, identity protection and financial wellness for consumers. Through brands such as Norton, Avast, LifeLock and MoneyLion, Gen regularly issues news about product launches, threat research, financial performance and corporate developments.
News from Gen often highlights advances in AI-powered cyber safety and scam protection. Recent announcements have covered the global expansion of Norton’s AI-based scam defense across Norton 360 and mobile plans, the launch of the Norton Neo AI-native browser, and Avast’s Scam Guardian and Scam Guardian Pro for mobile devices. These updates show how Gen applies AI to defend against phishing, deepfakes, scam calls, malicious texts and other social engineering threats.
Gen also publishes Gen Threat Reports and cybersecurity predictions that describe trends such as AI-built phishing sites, rising text scams, data breaches and digital tracking. These reports provide insight into how attackers use automation and AI, and how Gen’s brands respond with protective technologies. In addition, investors can find news about Gen’s quarterly financial results, outlook updates, conference presentations and governance changes through company press releases and related communications.
This news page aggregates these different types of updates in one place, including product news from Norton, Avast and MoneyLion, threat research from Gen Threat Labs, and investor-focused announcements from Gen Digital Inc. Readers can use this feed to follow how the company’s brands evolve, how the threat landscape is changing according to Gen’s research, and how Gen reports on its financial and corporate milestones over time.
Avast, a leader in digital security and a brand of Gen (NASDAQ: GEN), reported a rise in cyber threats in its Q4 2022 Threat Report. Significant increases were noted in refund fraud (14% from October to November, 22% in December) and tech support scams across countries including the U.S., Brazil, and Japan. Furthermore, Avast identified two critical zero-day vulnerabilities in Google Chrome and Windows, which have been promptly patched. The prevalence of information-stealing malware, adware, and botnets was also highlighted, with a 437% surge in the Arkei information stealer. Avast aims to protect consumers using AI-based technologies.
A recent survey from the Harris Poll, commissioned by Norton, reveals troubling attitudes towards online stalking among younger generations. Conducted from November 29 to December 19, 2022, with 1,001 adults, the study found that 34% of Gen Z and 35% of Millennials do not mind being stalked online, contrasting sharply with only 10% of older adults. Notably, 25% of Americans reported experiencing online dating scams, with victims losing an average of $230. Norton emphasizes the need for increased education on cyber safety and has taken steps to combat stalkerware as part of its mission to protect privacy and promote digital wellness.
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.
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