Gen Digital Inc.

GEN

US6687711084

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
23.46 ^USD	+15.34%		+17.12%	+2.80%

May. 10	US Equity Indexes Advance This Week as Jobless Claims Help Further Boost Market Expectations for Interest Rate Cut	MT
May. 10	Sector Update: Tech Stocks Mixed in Late Afternoon Trading	MT

Gen Digital Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023

May 11, 2023 at 04:03 pm EDT

Gen Digital Inc. reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was USD 947 million compared to USD 716 million a year ago. Net income was USD 915 million compared to USD 120 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to USD 0.2 a year ago.
For the full year, sales was USD 3,338 million compared to USD 2,796 million a year ago. Net income was USD 1,349 million compared to USD 836 million a year ago. Basic earnings per share from continuing operations was USD 2.2 compared to USD 1.44 a year ago. Diluted earnings per share from continuing operations was USD 2.16 compared to USD 1.41 a year ago.

Latest news about Gen Digital Inc.

US Equity Indexes Advance This Week as Jobless Claims Help Further Boost Market Expectations for Interest Rate Cut	May. 10	MT
Sector Update: Tech Stocks Mixed in Late Afternoon Trading	May. 10	MT
Sector Update: Tech	May. 10	MT
Equity Markets Mixed Intraday After Consumer Sentiment Survey	May. 10	MT
US Equity Indexes Mixed After Worsening Inflation Expectations, Plunging Consumer Sentiment	May. 10	MT
US Equity Indexes Mixed After Inflation Expectations Increase, Consumer Sentiment Dives	May. 10	MT
Gen Digital Shares Jump After Better-Than-Expected Fiscal Q4 Results	May. 10	MT
Transcript : Gen Digital Inc., Q4 2024 Earnings Call, May 09, 2024	May. 09
Gen Digital Fiscal Q4 Non-GAAP Earnings, Revenue Increase; Sets Fiscal Q1, 2025 Outlook -- Shares Rise	May. 09	MT
Gen Digital Guides For FY 2025 EPS of $2.17-$2.23 on Revenue of $3.89-$3.93 Billion, vs CIQ Analyst Consensus of $2.22/Share on Revenue of $3.94 Billion	May. 09	MT
Earnings Flash (GEN) GEN DIGITAL Reports Q1 EPS $0.53, vs. Street Est of $0.52	May. 09	MT
Earnings Flash (GEN) GEN DIGITAL Reports Q1 Revenue $967M, vs. Street Est of $965M	May. 09	MT
Gen Digital Guides For Q1 EPS of $0.52-$0.54 on Revenue of $960-$970 Million, vs CIQ Analyst Consensus of $0.53/Share on Revenue of $965 Million	May. 09	MT
Gen Digital Inc. Approves Regular Quarterly Cash Dividend, Payable on June 12, 2024	May. 09	CI
Gen Digital Inc. Announces Executive Changes, Effective June 13, 2024	May. 09	CI
North American Morning Briefing : Big Banks Kick -2-	Apr. 12	DJ
Barclays Downgrades Gen Digital to Equalweight From Overweight, Price Target is $25	Apr. 11	MT
Avast Continues Expansion of its Avast One Family of Products Adding Personalized, Modular Cyber Safety	Apr. 03	CI
Morgan Stanley Trims Price Target on Gen Digital to $28 From $30, Keeps Overweight Rating	Feb. 12	MT
Tranche Update on Gen Digital Inc.'s Equity Buyback Plan announced on August 11, 2015.	Feb. 05	CI
Top Midday Decliners	Feb. 02	MT
Gen Digital Fiscal Q3 Non-GAAP Earnings, Revenue Miss Market Expectations; Shares Plunge	Feb. 02	MT
Sector Update: Tech Stocks Mixed Pre-Bell Friday	Feb. 02	MT
Gen Digital Fiscal Q3 Non-GAAP Earnings, Revenue Miss Market Expectations; Shares Drop Premarket	Feb. 02	MT
North American Morning Briefing : Jobs Report Tops Agenda as Meta Stock Rockets	Feb. 02	DJ

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Company Profile

Gen Digital Inc. (formerly NortonLifeLock Inc.) is the world's leader in Internet security. The group develops and sells software programs designed for anti-intrusion protection, information and data security, application performance, storage, and server management, data management and storage, access filtering, vulnerability analysis, etc. Net sales break down by family of products as follows: - consumer security and antivirus protection solutions (50.7%): Norton 360 Security, Norton Security, Norton Secure VPN, Avira Security, Avast, etc.; - identity and information protection solutions (49.3%). Net sales break down geographically as follows: Americas (70.2%), Europe/Middle East/Africa (18.1%) and Asia/Pacific (11.7%).

Sector

Software

Calendar

2024-07-31 - Q1 2025 Earnings Release (Projected)

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Ratings for Gen Digital Inc.

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Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

23.46 USD

Average target price

26.11 USD

Spread / Average Target

+11.28%

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Security Software

Gen Digital Inc.

Equities

GEN

US6687711084

Software

Gen Digital Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023

EPS Revisions