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 Inc. (NASDAQ: NLOK) held its first Investor Day, unveiling its long-term strategy aimed at accelerating growth. Presentations highlight a revenue growth forecast of 8-10% for FY2022, with EPS guidance between $1.65 and $1.75. Over the next 3-5 years, the company targets double-digit revenue growth, EPS of approximately $3, and $1 billion in annual free cash flow. The Board authorized an additional $1.5 billion for share repurchases, bringing the total to $1.8 billion. Leadership emphasizes confidence in future growth and financial discipline.
NortonLifeLock Inc. (NASDAQ: NLOK) reported Q4 fiscal year 2021 results with GAAP revenue of $672 million, marking a 9% increase year-over-year. The GAAP diluted EPS rose 52% to $0.35, while non-GAAP revenue reached a record $677 million, up 11%. Operating margin improved to 50.5%, an increase of 900 basis points. The company added 2 million new customers and expects Q1 FY2022 non-GAAP revenue between $680-$690 million. A quarterly dividend of $0.125 was declared, and share repurchase authorization increased by $1.5 billion.
National PTA and NortonLifeLock have announced a significant extension of their partnership, with NortonLifeLock committing $1 million over two years to support local PTAs. This funding will be used to increase grant support from roughly 25 to nearly 180 PTAs each year, and to modernize 'The Smart Talk' program, which educates families on digital safety. The initiative aims to ensure accessibility and relevance in discussions regarding cyber safety, addressing current challenges such as cyberbullying and online privacy.
NortonLifeLock (NASDAQ: NLOK) will release its fiscal 2021 Q4 and full-year financial results on May 10, 2021, after market close. Subsequently, the company will hold its first Investor Day on May 11, 2021, featuring a live Q&A with CEO Vincent Pilette and CFO Natalie Derse to discuss long-term growth strategies. Key presentations will be available on-demand starting May 10 at 2 p.m. PDT.
NortonLifeLock's latest Cyber Safety Insights Report reveals a troubling rise in cybercrime, with nearly 330 million victims globally and over 55 million cases of identity theft in the past year. The report highlighted that Americans spent an estimated 719 million hours resolving cybercrime issues. Concerns about data privacy are high, with 88% expressing unease. A notable 77% of Americans have heightened their online security measures. The pandemic has exacerbated vulnerabilities, leading to increased digital risks, with 73% of Americans spending more time online and feeling more exposed to cyber threats.
NortonLifeLock (NASDAQ: NLOK) warns of a rise in tax-related phishing scams as the IRS tax filing extension approaches. The company highlights the surge in cybercriminal activity, noting up to 60 new phishing sites appear daily. These scams target consumers through deceptive communications impersonating the IRS, leading to potential identity theft. With over 57 million unemployment claims filed in the U.S. during the pandemic, criminals exploit personal data for fraudulent tax returns. NortonLifeLock provides essential Cyber Safety tips to help consumers protect their information.
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NortonLifeLock reported its Q3 fiscal year 2021 results, highlighting a 3% increase in GAAP revenue to $639 million year-over-year. The GAAP operating margin rose to 43.8%, up 33.8 points, while diluted EPS decreased by 47% to $0.29. Non-GAAP results showed revenue growth of 6% to $639 million and diluted EPS of $0.38, up 52%. The company added over 876,000 new customers, totaling 21 million, and reported billings of $700 million. A quarterly cash dividend of $0.125 per share was declared for March 17, 2021. The successful acquisition of Avira is also noted.
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NortonLifeLock (NASDAQ: NLOK) has launched Norton™ 360 for Gamers, a comprehensive security solution tailored for the gaming community. The product aims to protect gamers' personal information and digital assets amidst rising cyber threats, especially during the pandemic, which has seen a surge in online gaming. Key features include Dark Web Monitoring, a Secure VPN, and optimized notifications designed to minimize interruptions during gameplay. The announcement comes in response to surveys indicating significant concern among gamers about security, with 65% worried about future vulnerabilities and 35% having experienced hacks.