Welcome to our dedicated page for Gen Digital news (Ticker: GEN), a resource for investors and traders seeking the latest updates and insights on Gen Digital stock.
Gen Digital Inc. (NASDAQ: GEN) is a global leader in consumer cyber safety, offering a robust portfolio of security, identity protection, and privacy solutions through its renowned brands such as Norton, Avast, and LifeLock. With nearly 80 million users in over 150 countries, Gen is at the forefront of providing award-winning products and services that protect and empower people to live their digital lives safely.
Gen's core offerings include cybersecurity, online privacy, and identity protection solutions tailor-made for individual consumers. The company’s brands have long been recognized for their excellence in safeguarding personal information and ensuring online safety. Notably, the Avast One suite has recently expanded with the introduction of Avast One Silver, offering modular cybersecurity tailored to users' needs and preferences.
This innovation is a testament to Gen's commitment to evolving with the digital landscape, evident from its continuous product enhancements and the introduction of new features like Email Guardian and Privacy Advisor. Additionally, Gen has demonstrated a strong environmental commitment, partnering with organizations like Planet Water Foundation to provide clean drinking water to communities in need.
Gen's financial performance remains strong, with consistent growth in revenue, operating margins, and customer base. The company is also recognized for its best-in-class technology, validated by numerous awards from independent testing institutions such as AV-Comparatives and AV-Test. These accolades underscore Gen's dedication to maintaining high standards in cybersecurity and delivering innovative solutions to its users.
Furthermore, Gen is actively engaged in social impact initiatives, focusing on driving positive change through digital safety education, community support, and environmental sustainability. The company's efforts in these areas are detailed in its annual Social Impact Report, highlighting its commitment to creating a safer, more inclusive world.
For the latest news and developments, including financial results and earnings calls, visit Investor.GenDigital.com. Stay informed about Gen Digital Inc.'s ongoing projects and achievements as it continues to power Digital Freedom for millions worldwide.
LifeLock, part of Gen™ (NASDAQ: GEN), has launched the 'Out of Control' campaign and the Personal Data Exposure Scan to raise awareness about identity theft risks. The free scan tool reveals how individuals' personal information is exposed in public places, helping them understand their vulnerability to identity theft. LifeLock's General Manager, Ian Bednowitz, emphasizes that even cautious individuals can be at risk due to everyday information sharing scenarios.
The campaign includes a live event at The Grove shopping center in Los Angeles on August 17, featuring internet personality Justin Glaze. Attendees can experience the scan in a holographic Control Room. With nearly 1 in 4 consumers having been victims of identity theft, LifeLock aims to provide an extra layer of protection and restore identities if theft occurs.
Gen Digital Inc. (NASDAQ: GEN) reported its Q1 FY2025 results, showing positive growth. Revenue increased by 2% to $965 million, while GAAP operating income rose 16% to $417 million. The company's non-GAAP results were equally impressive, with bookings up 3% to $913 million and diluted EPS increasing 13% to $0.53. Gen's CEO, Vincent Pilette, emphasized the growing need for cyber safety solutions amid increasing data breaches and AI-amplified scams. For Q2 FY25, Gen expects revenue between $965-$975 million and EPS of $0.53-$0.55. The company also reaffirmed its FY2025 guidance with revenue projected at $3,890-$3,930 million and EPS at $2.17-$2.23. Additionally, Gen announced a quarterly cash dividend of $0.125 per share.
Gen and the World Association of Girl Guides and Girl Scouts (WAGGGS) celebrated their decade-long partnership in Pune, India, highlighting the success of the Surf Smart 2.0 Programme. This initiative, co-developed by Norton and WAGGGS, aims to empower girls and young women aged 5-25 with digital knowledge and leadership skills for online safety.
Key achievements from April 2023 to April 2024 include:
- Reaching over 42,000 girls and young women
- 17,816 girls completing the programme and earning a badge
- 15,600+ downloads of the Surf Smart 2.0 curriculum
- Training of 6,500 volunteer leaders
- 143 Advocacy Champions trained across 7 countries
The programme also launched the Surf Smart Advocacy Fund, enabling young women in 10 countries to create campaigns for a safer, more accessible, and inclusive internet.
Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), has launched Norton Ultra VPN, a new all-in-one VPN service combining speed and reliability with advanced security, privacy, and identity features. The company now offers three VPN plans: Norton Secure VPN, Norton Ultra VPN, and Norton Ultra VPN Plus, catering to individuals, couples, and families respectively.
Key features of Norton Ultra VPN include:
- Privacy VPN for secure internet access
- Malware and scam protection
- Parental controls
- Password manager
- Dark web monitoring
- Privacy Monitor (US and Canada, Ultra VPN Plus only)
The new VPN lineup aims to provide comprehensive online protection against modern cyberthreats, with improved no-log policy and compatibility across Windows, Mac, Android, and iOS platforms.
Gen (NASDAQ: GEN) launched an educational campaign called 'Scam Artists' to highlight the emotional toll of cybercrime through creative artwork. In collaboration with psychologist Lee Chambers, the campaign aims to help people recognize the importance of online safety. Using EEG headsets, the brain reactions of three cybercrime victims were monitored as they recalled their experiences, producing visuals that depict their emotional states. New research revealed that 69% of Americans feel vulnerable to cybercrime, though only 52% have cybersecurity measures in place. The campaign underscores the need for proactive online protection to ensure digital control, confidence, and freedom.
Gen Digital (NASDAQ: GEN) has announced that it will release its fiscal 2025 first quarter financial results on August 1, 2024, after market close.
Following the release, the company's management will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET to discuss the results. Access to the conference call dial-in and the live webcast will be available on the company's investor relations website, Investor.GenDigital.com.
Gen has announced a new partnership with Social Shifters to support the Global Innovation Challenge 2024. This initiative invites young leaders, aged 18-30, to submit innovative ideas addressing social and environmental issues. Gen is contributing $30,000 USD in funding through the Gen Foundation and will offer volunteer judges for the competition. The challenge aims to utilize technology for solutions, aligning with the United Nations Sustainable Development Goals. Submissions are open until July 31, with judging in September and final pitches in November. Grants of up to $10,000 USD will be awarded in December.
GenNorton, a leader in Cyber Safety, sponsored the 2024 National LifeSmarts Championship held in San Diego. The event saw middle and high school students across the U.S. compete on consumer issues, earning scholarships for their efforts. GenNorton contributed over $100,000 to incorporate Cyber Safety education into the event's curriculum. Key activities included an Identity Theft Essay Contest, granting five winners $1,000 scholarships. The company also supported the LifeSmarts Diversity, Equity, and Inclusion Initiative, funding travel for 10 under-resourced teams. Participants received free Norton 360 Deluxe licenses as part of GenNorton's commitment to digital safety. This initiative complements GenNorton's broader year-round support for Cyber Safety education in collaboration with organizations like Discovery Education and the National PTA.
Gen (NASDAQ: GEN) has published its 2024 Social Impact Report, showcasing its commitment to digital safety and community support. The report highlights key achievements such as reaching 5.3 million people through Cyber Safety programs and surpassing a 40% employee participation target in volunteering and giving programs with a 55% rate. Additionally, Gen donated $6.1 million to charity and made significant strides in diversity, with 34% of the global workforce and 40% of the Board of Directors self-identifying as women. The company also achieved a 22% reduction in Scope 1 and 2 greenhouse gas emissions and supported over 1,000 green home projects. Notably, Gen received several awards for social responsibility, diversity, and workplace excellence.
Gen has published its 2024 Social Impact Report, detailing its efforts in cybersecurity education, community support, and environmental sustainability. In 2024, Gen provided Cyber Safety training to over 5.3 million people and donated products to 9,750 nonprofits. The company's giving culture saw 55% employee participation, significantly surpassing industry benchmarks. Gen also focused on diversifying the tech workforce by collaborating with organizations to offer women skills training and job opportunities. Additionally, Gen reduced its Scope 1 and 2 greenhouse gas emissions by 22% and promoted sustainability through various initiatives.
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