GEN DIGITAL INC Stock Price, News & Analysis

Avast, part of Gen™ (NASDAQ: GEN), has expanded its identity protection solution, Avast Secure Identity, to 15 new countries beyond the US. This expansion comes amid rising identity theft risks and data breaches, with the Q3/2024 Gen Threat Report noting a 614% increase in 'Scam-Yourself Attacks'.

The service offers comprehensive protection features including: Dark Web Monitoring for personal information, Social Media Monitoring for compromised accounts, Restoration Support with specialists, Stolen Wallet Assist, and Financial Monitoring. Identity Theft Insurance is available in Australia and New Zealand, while Financial Monitoring is offered in the UK, Australia, and New Zealand.

The expansion includes major markets such as the UK, France, Germany, Brazil, Mexico, Spain, and Italy. AVG, also part of Gen, has expanded its Secure Identity product to these countries with similar capabilities.

Gen Digital (NASDAQ: GEN) has announced it will release its fiscal 2025 third quarter financial results on Thursday, January 30, 2025, after market close. The company will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET on the same day to discuss the results. Investors can access the conference call dial-in details and live webcast through the company's investor relations website at Investor.GenDigital.com.

Gen has implemented CARES, an employee support initiative focused on helping workers balance caregiving responsibilities with their careers. The program, co-championed by Peter Courtney, P&C Business Partner at Gen, provides resources, community support, and educational materials for employees managing various caregiving roles.

CARES offers multiple platforms for connection, including meetings, webinars, and a Teams channel, where employees can share experiences and access resources. The program includes access to the Employee Assistance Program and information about leave-of-absence options. It operates under Gen's diversity, equity, and inclusion initiatives, aiming to create a supportive environment for all employees, whether they're caring for aging parents, children, or themselves.

Gen concluded its holiday giving season with significant charitable contributions, resulting in nearly $574,000 in donations to over 1,400 nonprofit organizations. The company's initiatives, running from their 'Geniversary' on November 7 through December, saw approximately 65% of team members supporting various causes. The company's giving program has shown notable growth, with global participation increasing from 55% in 2023 to over 67% currently. Total employee giving in the current fiscal year, including matching, exceeds $707,000. The company implemented a 2:1 matching program on Giving Tuesday and provided each employee with a $50 reward to donate to their chosen nonprofit through the Gen Giving Hub platform.

Gen has received multiple prestigious awards in 2024 for its corporate responsibility and workplace excellence. The company reached 5.3 million people with Cyber Safety education and training, with 55% of team members participating in community support programs. Gen ranked 13th in its industry and 328th overall in Newsweek's Most Responsible Companies list for 2025.

The company earned a 4.5/5 rating in Newsweek's Greatest Workplaces for Parents & Families and a 4-star rating in America's Greatest Workplaces. Gen also received two Communitas Awards for its WAGGGS partnership promoting digital safety for girls and its Sustainability Home Improvement Program, which saw 29% employee participation funding over 1,000 home sustainability projects.

Gen Digital (NASDAQ: GEN) has announced its acquisition of MoneyLion (NYSE: ML) for $82.00 per share in cash, valuing the deal at approximately $1 billion. MoneyLion shareholders will also receive one contingent value right (CVR) per share, potentially worth $23.00 in Gen common stock if certain conditions are met.

The acquisition extends Gen's capabilities from privacy and identity protection to comprehensive financial wellness through MoneyLion's personal finance platform. MoneyLion brings over 18 million customers and a B2B2C white-labeled AI recommendation platform. The transaction, unanimously approved by both boards, is expected to close in the first half of Gen's fiscal year 2026 and will be accretive to Non-GAAP EPS.

Gen (NASDAQ: GEN) has released its cybersecurity predictions for 2025, highlighting major threats in the digital landscape. The company forecasts that AI and deepfakes will become increasingly sophisticated, making it harder to distinguish reality from fiction. Following a year of significant data breaches, experts predict a surge in identity theft as criminals combine stolen data to create comprehensive individual profiles.

The predictions also warn about hyper-personalized scams that will leverage psychological insights and social engineering, making it difficult to identify legitimate communications. Financial theft is expected to evolve with sophisticated mobile banking threats and cryptocurrency-related fraud, including deepfaked celebrity investment scams.

Gen showcases its community impact initiatives in Czechia, highlighting partnerships with educational organization Eduzměna to improve the country's education system. The company supports the creation of Education Support Centres (ESC), with the first pilot project launching in Kutná Hora in 2025, covering nearly 60 schools. Gen also offers discounted Avast cybersecurity products to nonprofits and maintains various volunteer programs. In fiscal 2024, over 500 team members participated in Global Volunteer Week, with 55% of the workforce engaging in volunteering or donations through the Gen Giving Hub.

Norton, a Gen™ brand, has launched Norton Small Business Premium, a comprehensive cybersecurity solution designed for small businesses and entrepreneurs. The service includes 24/7 Business Tech Support, Financial Monitoring, Social Media Monitoring, and Device Security features. According to company data, 56% of small business owners report cybersecurity threats impacting their business.

The solution offers real-time antivirus protection, secure VPN, password manager, cloud backup, and performance enhancements. Available for Windows, Mac, Android, and iOS devices, plans start at $299.99/year for 6, 10, or 20-device coverage.