Gen Digital Inc. - GEN STOCK NEWS

Gen has partnered with HBCU Heroes throughout 2024 to mentor students from Historically Black Colleges and Universities (HBCUs). The collaboration includes a $20,000 donation and direct mentorship from Gen team members to HBCU students from institutions including Tennessee State University, Johnson C. Smith University, and North Carolina A&T State University.

The program focuses on developing professional skills through quarterly virtual meetups, covering topics like resume building, interviewing, and LinkedIn networking. The initiative, which concluded its inaugural cohort on October 22, received positive feedback from both mentors and students, highlighting the importance of representation and professional guidance in corporate settings.

Gen Digital (NASDAQ: GEN) reported strong Q2 FY2025 results with revenue reaching $974 million, up 3% year-over-year. The company's operating income surged 1,727% to $402 million, with operating margin expanding 39 points to 41.3%. Q2 bookings grew 4% to $964 million, while diluted EPS increased 13% to $0.26. The company raised its FY2025 guidance, now expecting revenue between $3,905-$3,930 million and EPS of $2.18-$2.23. Gen also declared a quarterly dividend of $0.125 per share, payable on December 11, 2024.

Norton's 2024 Cyber Safety Insights Report reveals that 48% of U.S. consumers were targeted by scams while holiday shopping online, with 53% worried about Black Friday and Cyber Monday scams. The report shows 60% of Americans plan to do most holiday shopping online, while cybersecurity concerns are rising year-over-year: 71% worry about personal data compromise (+8%), 59% fear third-party retailer scams (+9%), and 59% are concerned about AI shopping scams (+11%). During last year's holiday season, malvertising attacks increased by 53% and adware by 227%. Despite risks, 37% of Americans have purchased holiday gifts through social media ads, primarily on Facebook (60%), Instagram (48%), and TikTok (40%).

A new Norton survey reveals that over half of Americans (56%) have been targeted by election-related scams, with younger voters under 35 being the most affected. Key findings include:

- 66% of those aged 25-34 reported encounters with election scams
- 19% of targeted individuals fell victim, with 88% reporting financial losses averaging $7,200
- Top concerns include fake news/disinformation (43%), fake polls/surveys (31%), and voter registration scams (31%)
- Common scams include robocalls (37% targeted), fake news/disinformation (20%), and political donation scams (19%)

The survey also found that 82% of respondents plan to vote, but 40% express concerns about polling station legitimacy. Norton recommends verifying sources, being cautious when donating, and reporting suspicious activity to stay safe during the election season.

Gen Digital Inc. (NASDAQ: GEN) has announced that it will release its fiscal 2025 second quarter financial results on Wednesday, October 30, 2024, after the market closes. Following the press release, Gen management will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET on the same day.

Investors and interested parties can access the conference call dial-in information and live webcast link on the company's investor relations website at Investor.GenDigital.com. This announcement provides shareholders and analysts with the opportunity to review Gen Digital's financial performance for the second quarter of fiscal year 2025 and participate in a discussion with the company's management team.

Norton Benefit Solutions, the employee benefits division of Gen™ (NASDAQ: GEN), has expanded its global offerings to help employers protect their employees' digital lives. The expansion covers the US, EMEA, LatAm, and Asia, providing all-in-one Cyber Safety solutions through benefits programs.

The company's plans focus on three pillars: online privacy, security, and identity protection. Employees are equipped with a MyNorton portal to manage all features. The plans are tailored to each market and include protection for online privacy, security against malware threats, and identity protection using proprietary technology.

Norton Benefit Solutions has a 16-year track record, serving over 10,000 companies with a 99.8% retention rate. The company offers dedicated support teams and turnkey benefit administration at competitive values for employees.

Gen celebrates Hispanic Heritage Month from September 15 to October 15, honoring Hispanic and Latino Americans' contributions to U.S. history and culture. The company's Hispanic and Latino Outreach, Leadership and Advancement (HOLA) network fosters a supportive environment for professional and personal growth.

The PR highlights two HOLA Co-Champions: Brittany Gutierrez, Senior Benefits Analyst, and Iskander Sanchez-Rola, Director of Innovation. They discuss the importance of HOLA in building community, promoting cultural awareness, and fostering innovation. Both emphasize the significance of celebrating Hispanic Heritage Month beyond surface-level activities, encouraging participation in cultural events, supporting Hispanic-owned businesses, and learning about Hispanic contributions to history and science.

The Co-Champions stress the importance of inclusivity, welcoming allies to join in celebrating and supporting the Hispanic and Latino community at Gen.

AARP Services has announced enhanced offerings for AARP members this fall, focusing on personal security, safety, and travel. Key highlights include:

1. LifeLock™ by Norton: Up to 44% off identity theft protection plans

2. Tempo by Hilton: Up to 10% off best available rates, late checkout, and Hilton Honors benefits

3. Spark by Hilton: Similar benefits as Tempo by Hilton

These offerings add to the over 300 discounts and benefits already available to AARP members. The focus on travel and security aligns with top concerns of AARP members, as stated by John Larew, AARP Services President and CEO.

Gen's Cyber Safety program, My Digital Life, in partnership with Discovery Education, has reached 214,000 students across 49 states in its first year, surpassing the initial goal of 100,000. The program provides educators with resources to teach students about online safety, addressing issues like cyberbullying, privacy risks, misinformation, and scams. 63% of participating students were from Title I schools, and 70% were from underrepresented ethnic/racial backgrounds.

The program offers free, ready-to-use tools for teachers through its website and Discovery Education Experience platform. In its second year, My Digital Life plans to launch in multiple new languages and expand internationally. Gen employees will also volunteer to speak directly with classrooms about the technology industry through Discovery Education's Career Connect initiative.