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 disclosed relevant securities as of July 14, 2021, under Rule 2.9 of The City Code on Takeovers and Mergers. The company has 581,268,221 shares of common stock, each with a par value of USD 0.01, and no treasury shares. Additionally, it has USD 625 million in Senior Unsecured Convertible Notes with a 2.000% interest rate due in August 2022. The press release highlights the need for Opening Position Disclosures for those interested in 1% or more of the relevant securities and outlines the rules for Dealing Disclosures as per the regulations.
NortonLifeLock has confirmed it is in advanced discussions with Avast regarding a potential merger. This combination aims to unite two companies with aligned visions and complementary business profiles, focused on enhancing digital safety for consumers. A cash and share offer may be proposed for Avast's entire share capital, although no firm offer has yet been made. NortonLifeLock must announce its intentions by August 11, 2021, while noting that there’s no certainty an offer will occur. Further updates are expected as discussions progress.
NortonLifeLock (NASDAQ: NLOK) will release its fiscal 2022 Q1 financial results on July 27, 2021, after market close. Following the results announcement, a conference call and webcast will be held at 2 p.m. PDT / 5 p.m. EDT, providing insights into the company's performance. Investors and stakeholders can access the call via the company's investor relations website. NortonLifeLock is recognized as a leading provider in consumer Cyber Safety, dedicated to protecting and empowering users in the digital space.
NortonLifeLock (NASDAQ: NLOK) has launched Norton Utilities Ultimate, designed to enhance performance for gaming, browsing, and streaming on Windows PCs. This offering builds on the existing Norton Utilities Premium product and introduces features such as NetBooster, System Restore, System Privacy, Search & Recover, and On-Demand Boost. Available in the U.S., Australia, and New Zealand, it starts at $69.99/year. The new utility aims to optimize PC performance while safeguarding sensitive information.
NortonLifeLock (NASDAQ: NLOK) released findings from a global study on online creeping behaviors, revealing significant generational differences in cyber stalking among Americans. Notably, 60% of Gen Z and Millennials admit to online stalking compared to 24% of those 40 and older. Alarmingly, 42% of younger Americans believe their partner might use stalkerware. The study indicates that 35% of young adults see no harm in online stalking, while one in ten admit to using apps to monitor their partners. NortonLifeLock emphasizes the rising threat of stalkerware, with a 63% increase in affected devices over recent months.
NortonLifeLock (NASDAQ: NLOK) has announced new privacy offerings aimed at enhancing consumer online safety. The company introduced upgrades to its Norton Secure VPN, which now features Compromised Network Detection, a Kill Switch, and Split Tunneling for improved user security. Additionally, the Privacy Monitor Assistant service has been made available as a standalone product. Norton is responding to concerns highlighted in the 2021 Norton Cyber Safety Insights Report, which stated that over half of consumers lack knowledge on online privacy protection. These initiatives may bolster Norton’s position in the Cyber Safety market.
Norton Labs, part of NortonLifeLock, released its first Consumer Cyber Safety Pulse Report, highlighting key cybersecurity trends from Q1 2021. Phishing remains the top threat, with 49.6 million attempts detected. Notable spikes in illicit coinmining and ransomware, up 35% since late 2020, are driven by cryptocurrency's popularity. Additionally, cybercriminals are increasingly targeting gamers with malicious software, and instances of stalkerware grew by 20%. The report emphasizes the ongoing evolution of cyber threats in a post-pandemic landscape.
NortonLifeLock (NASDAQ: NLOK) has launched a new feature called Game Optimizer to enhance gaming performance by reallocating CPU resources, enabling smoother gameplay without sacrificing security. The tool is designed specifically for gamers, ensuring they can enjoy uninterrupted sessions. Additionally, Norton 360 for Gamers customers will soon access Norton Crypto for cryptocurrency mining during idle PC time. Moreover, Dark Web Monitoring has expanded to 13 new countries, further enhancing user security. Game Optimizer is now available, aiming to provide gamers peace of mind amidst cyber threats.
NortonLifeLock (NASDAQ: NLOK) has launched Norton™ Crypto, a feature allowing users to mine Ethereum securely via the Norton™ 360 platform. Starting tomorrow, select early adopters can access this functionality. The service aims to mitigate risks inherent in crypto mining, such as security vulnerabilities and loss of earnings. Norton Crypto stores mined cryptocurrency in a cloud wallet, providing enhanced protection against hard drive failures. The feature will soon be available to all Norton 360 users.
NortonLifeLock (NASDAQ: NLOK) has been recognized by 3BL Media as one of the 100 Best Corporate Citizens for its excellence in environmental, social, and governance (ESG) practices. This marks the second consecutive year in the top 10 for the Software Services industry. The ranking assesses 146 factors across eight pillars including climate change and employee relations. CEO Vincent Pilette highlighted the company's commitment to sustainability and corporate responsibility, aiming to protect digital lives while fostering positive impacts for future generations.