Gen Digital Inc. develops consumer cyber safety, online privacy, identity protection and financial wellness products through brands including Norton, Avast, LifeLock and MoneyLion. Company news commonly covers earnings releases and guidance, product updates, and the expansion of security and privacy features across Norton 360, Norton Neo, VPN services and AI-agent protection.
Recurring developments also include partnerships that integrate Gen technology into consumer AI and financial information experiences, updates from Gen Threat Labs, and product initiatives tied to phishing defense, anti-fingerprinting, VPN connectivity, identity agents and compliant financial product recommendations.
NortonLifeLock (NASDAQ: NLOK) launched Norton™ AntiTrack on Oct. 5, 2021, enhancing privacy solutions for consumers. This new application and browser extension offer features like anti-fingerprint capabilities, tracker cookie blocking, faster browsing, and a tracking dashboard to combat online tracking. Norton AntiTrack is priced at $39.99 annually for existing customers and $49.99 for new users. Additionally, the company introduced PayDay Loan Lock, a feature that helps protect against fraudulent payday loans, now included in select LifeLock plans.
NortonLifeLock (NASDAQ: NLOK) is actively participating in Cybersecurity Awareness Month 2021 with its campaign 'Do Your Part. #BeCyber Smart.' The initiative emphasizes individual responsibility in online safety. NortonLifeLock will engage in various events, including the 'Cybersecuring America' virtual event on October 7 and the Nasdaq Cybersecurity Summit on October 27. The company aims to empower consumers by sharing resources on device security, online privacy, and identity theft protection. NortonLifeLock blocks around 9 million cyber threats daily.
NortonLifeLock (NASDAQ: NLOK) has released its 2021 Environmental, Social, and Governance (ESG) Report, detailing its commitments to Corporate Responsibility. The report outlines five priority ESG issues: Cyber Safety Education, Data Privacy, Diversity, Talent Development, and Climate initiatives. In the past year, the company donated over $4 million in products to enhance digital security for communities. Achievements include a 52% reduction in greenhouse gas emissions and recognition in multiple ESG benchmarks. The company continues to strive for a safer, inclusive digital future.
NortonLifeLock (NASDAQ: NLOK) released a study revealing American consumers' online behavior during the pandemic. Findings indicate that 31% of Americans feel addicted to being online, and over half (53%) report increased screen time. While 66% acknowledge excessive screen time, 20% have not taken precautions against security risks associated with connected devices. The report shows a growing concern for cyber safety, with 87% of consumers saying they would act if their device were hacked. The study underscores the importance of online safety education for children, with 90% believing screen addiction is prevalent among youth.
NortonLifeLock (NASDAQ: NLOK) has agreed to merge with Avast, valuing the latter's shares between USD 8.1B and USD 8.6B. The deal involves cash and newly issued NortonLifeLock shares. The merger aims to create a leading cybersecurity business with over 500 million users, enhancing product offerings in identity and privacy. The combined entity expects approximately USD 280 million in annual cost synergies and estimated double-digit EPS accretion within the first year. NortonLifeLock’s CEO Vincent Pilette will lead the new organization, with dual headquarters in Prague and Tempe.
NortonLifeLock (NASDAQ: NLOK) has launched new features for Norton Family, enhancing parental supervision with location-based alerts as children return to in-person schooling. Key features include Favorite Locations, which notifies parents of their child's movements, and Alert Me, allowing scheduled check-ins. The initiative emphasizes the importance of early discussions about Cyber Safety among families, addressing risks such as online predators and cyberbullying. Norton Family, available online and through retailers, aims to provide comprehensive protection for children's online activities.
NortonLifeLock Inc. (NASDAQ: NLOK) reported strong Q1 results for fiscal year 2022, with GAAP revenue of $686 million, reflecting a 12% YoY increase. GAAP diluted EPS rose 29% to $0.31, while operating margin improved to 41.8%. Non-GAAP revenue hit $691 million, up 13%, and diluted EPS reached $0.42, a 35% increase. The company expects Q2 revenue between $690 million and $700 million, projecting 10% to 12% growth. A quarterly cash dividend of $0.125 per share will be paid on September 15, 2021.
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NortonLifeLock has announced that its Norton Security Universal Windows Platform (UWP) app will be pre-installed on select Lenovo laptops, enhancing security for users. This collaboration, which spans over two decades, aims to protect Lenovo's 5G-connected devices, including the Yoga 5G and IdeaPad 5G models. With 225 million 5G subscriptions reported as of December 2020, the demand for robust security is increasing. Key features of the Norton Security app include browser protection, secure VPN, and Dark Web Monitoring. The laptops featuring this app are available now in select markets.
NortonLifeLock’s Norton Labs released its Consumer Cyber Safety Pulse Report for Q2 2021, analyzing cybersecurity threats from April to June. The report highlighted that Norton thwarted 23.7 million phishing attempts, with tech support, survey, and supplement scams as the most prevalent. Additionally, Norton blocked 909 million Cyber Safety threats, including 56 million file-based malware and 85,339 ransomware detections. Notable findings reveal a vast online tracking ecosystem involving 171,140 organizations, misuse of encrypted chat apps for illegal sales, and vulnerabilities targeting gamers through compromised drivers.