Gen Digital Inc. - $GEN STOCK NEWS

Gen team members volunteer for World Water Day by partnering with Planet Water Foundation to provide clean water to rural communities in India. The project includes constructing a new AquaTower at a school in Gummipoondi, benefiting over 330 students and 2,000 residents. This initiative addresses water scarcity issues in India and promotes community health and education.

Gen focuses on diversity and inclusion with a four-pillar DEI strategy, achieving success in creating inclusive teams. Fiscal Year 2023 results show progress in gender and minority representation. Gen recognized as one of America's Greatest Workplaces for Women and Diversity. Internal efforts include employee resource groups and external collaborations with nonprofits to promote diversity and inclusion.

Gen Gen focuses on building a more inclusive future by celebrating International Women's Day and Women's History Month, emphasizing diversity, equity, and inclusion.

LifeLock, a leading identity protection brand of Gen (NASDAQ: GEN), highlights the risks of tax prep service scams during tax season. A recent consumer survey reveals that sixty-one percent of Americans fear being targeted by these scams, leading to potential identity theft and financial loss.

The press release highlights the inspiring journey of twin sisters, Meshawn Woods and LeShawn Parrish, who have worked at Gen for over 15 years, showcasing their rise to leadership roles and involvement in the company's employee resource group, POWER. The sisters share their experiences, career progression, and commitment to continuous learning and growth within the organization.

Avast, a leader in digital security and privacy and brand of Gen™ (NASDAQ: GEN), blocked an unprecedented 10 billion attacks in 2023 for a remarkable 49% increase year-over-year. The latest quarterly Avast Threat Report reveals that scams, phishing, and malvertising continue to account for more than 75% of all cyber threats. The report highlights the surge in malware attacks utilizing PDF files and new techniques of exploiting Google to steal information. Avast researchers observed a spectrum of PDF-related threats and scams, ranging from simple lottery and dating scams to sophisticated threats like password stealers. The use of malicious browser push notifications escalated, becoming a preferred tool for scammers across various domains. Deepfake videos, especially those endorsing investment scams, displayed a heightened level of sophistication in the final quarter of the year. The report also discusses the new and interesting stealing capability which was rapidly adapted by information stealers: abusing the Google OAuth endpoint for recovering authentication cookies.

Norton, a part of Gen, has partnered with Discovery Education to create My Digital Life, a program aimed at educating students about responsible online behavior. The program has been well-received by educators and is designed to address issues like cyberbullying, privacy risks, and misinformation.

Gen Digital Inc. (NASDAQ: GEN) reported Q3 FY24 results with a 4% increase in bookings, exceeding $1 billion. The company achieved a record number of direct customers at 38.9 million, reflecting the value of their Cyber Safety solutions. Q3 GAAP revenue was $951 million, up 2%, while non-GAAP revenue was also $951 million, up 2% in USD and constant currency. Operating income was $335 million, down 9% for GAAP, and $558 million, up 6% for non-GAAP. Diluted EPS was $0.22, down 12% for GAAP, and $0.49, up 10% for non-GAAP. Gen's Q4 FY24 revenue is expected to be in the range of $960 to $970 million, with EPS expected to be in the range of $0.52 to $0.54. The company also announced a regular quarterly cash dividend of $0.125 per common share.

ReputationDefender, a brand of Gen™ (NASDAQ: GEN), has launched Total Radius, an AI-powered platform for reputation monitoring and privacy protection. Total Radius aims to help public-facing individuals control their online presence and reduce the likelihood of physical safety threats arising from the availability of online data. The service utilizes ReputationDefender's proprietary AI to monitor, manage, and report on privacy and reputation threats, as well as offer white-glove service with specialized Digital Safety Advisors. It also provides features such as reputation monitoring, privacy management, digital threat intelligence, and real-time alerts.