Gen Digital Inc.

GEN

US6687711084

Software

Real-time Estimate Cboe BZX Other stock markets 01:09:09 2024-04-26 pm EDT			5-day change	1st Jan Change
20.78 ^USD	+1.14%		+1.44%	-8.87%

Apr. 12	North American Morning Briefing : Big Banks Kick -2-	DJ
Apr. 11	Barclays Downgrades Gen Digital to Equalweight From Overweight, Price Target is $25	MT

Gen Digital Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022

November 09, 2022 at 08:00 am EST

Gen Digital Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 748 million compared to USD 692 million a year ago. Net income was USD 69 million compared to USD 333 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.56 a year ago.
For the six months, sales was USD 1,455 million compared to USD 1,378 million a year ago. Net income was USD 269 million compared to USD 514 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.87 a year ago.

Latest news about Gen Digital Inc.

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
Gen Digital forecasts Q4 revenue below estimates on weak antivirus software demand	Feb. 01	RE
Gen Digital Fiscal Q3 Non-GAAP Earnings, Revenue Rise; Fiscal Q4, 2024 Guidance Set; Dividend Maintained; Shares Fall	Feb. 01	MT
Transcript : Gen Digital Inc., Q3 2024 Earnings Call, Feb 01, 2024	Feb. 01
Gen Digital Inc. Approves Regular Quarterly Cash Dividend, Payable on March 13, 2024	Feb. 01	CI
Gen Digital Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 29, 2023	Feb. 01	CI
Fed shuffles rate diary, BoE and Apple awaited	Feb. 01	RE
Morgan Stanley Raises Price Target on Gen Digital to $30 From $28, Maintains Overweight Rating	Jan. 29	MT
North American Morning Briefing : Stock Futures Muted; Nvidia Slips in Offhours Trading	Nov. 22	DJ
Morgan Stanley Upgrades Gen Digital to Overweight From Equalweight, Boosts Price Target to $26 From $23	Nov. 21	MT
BofA Securities Starts Coverage on Gen Digital with Buy Rating	Nov. 16	MT
US Equity Indexes Rise This Week as Treasury Yields Rangebound After Powell Comments, Oil Touches Three-Month Low	Nov. 10	MT
RBC Lifts Price Target on Gen Digital to $22 From $21, Keeps Sector Perform Rating	Nov. 08	MT
Tranche Update on Gen Digital Inc.'s Equity Buyback Plan announced on August 11, 2015.	Nov. 07	CI
Sector Update: Tech Stocks Higher Late Afternoon	Nov. 07	MT
Sector Update: Tech Stocks Gaining in Afternoon Trading	Nov. 07	MT

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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

2024-05-08 - Q4 2024 Earnings Release

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S&P 500

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Ratings for Gen Digital Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

20.55 USD

Average target price

26.11 USD

Spread / Average Target

+27.04%

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Quarterly earnings - Rate of surprise

Company calendar

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Security Software

Gen Digital Inc.

Equities

GEN

US6687711084

Software

Gen Digital Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022

EPS Revisions