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) delivers trusted cybersecurity solutions through industry-leading brands like Norton, LifeLock, and Avast. This news hub provides investors and professionals with essential updates on the company's strategic initiatives, product developments, and market performance.
Access real-time press releases, earnings reports, and analysis of GEN's consumer protection innovations. Our curated collection includes updates on cybersecurity product launches, partnership announcements, and industry leadership insights - all critical for understanding the company's position in digital safety markets.
Stay informed about GEN's global operations across 150+ countries through verified updates on threat detection advancements, identity protection services, and privacy solution enhancements. Content is organized for quick scanning while maintaining depth for technical audiences.
Bookmark this page for continuous access to GEN's official communications and third-party analysis. Check regularly for updates on emerging cybersecurity trends impacting the company's portfolio of award-winning consumer protection products.
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.
Gen (NASDAQ: GEN) has released its fiscal year 2024 Social Impact Report, highlighting its dedication to supporting communities, promoting digital safety, and protecting the planet. The report showcases Gen's efforts through global partnerships and programs, including reaching over 5 million people with Cyber Safety education and training, contributing over $6M in charitable giving, and completing more than 1,000 sustainable home improvement projects. Additionally, 34% of Gen's global workforce, 40% of its Board of Directors, and 45% of new hires in 2024 are women. The company also achieved a 22% reduction in Scope 1 and 2 greenhouse gas emissions and received numerous awards, such as Newsweek's Most Responsible Companies.
Gen announced a commitment to close the gender gap in Europe's cybersecurity industry.
In April 2024, the company signed a pledge with the European Commission Digital Skills and Jobs Platform.
Gen, collaborating with Women4Cyber, aims to provide free mentorship to 1,000 women across Europe by April 2025.
The initiative includes a six-month training program, networking opportunities, and webinars.
Gen has invested $150,000 annually in this partnership, which began in 2022, and helped mentor nearly 700 women.
The company will also lead roundtable discussions to advocate for increased diversity in the IT sector.
Gen's efforts align with its mission to enhance digital safety and close the cybersecurity skills gap globally.
Avast, a brand of Gen™ (NASDAQ: GEN), reports that social engineering threats constitute nearly 90% of all cyberthreats in 2024. These include scams, phishing, and malvertising, which have heavily impacted both mobile and desktop users. YouTube has emerged as a significant channel for cybercriminals, protecting over 4 million unique users in 2023 and 500,000 in early 2024. Sophisticated tactics like deepfake technology and AI-manipulated audio are increasingly used. Additionally, Malware-as-a-Service (MaaS) is on the rise, with information stealers like DarkGate and Lumma Stealer exploiting platforms like Microsoft Teams and YouTube. Market conditions indicate an elevated risk for cyberattacks, emphasizing human vulnerability in digital safety.
Gen Digital Inc. reported its fiscal year 2024 results, showcasing a revenue of $3,812 million, up 14% in USD, and record-breaking profitability. The company delivered strong financial performance, with Non-GAAP Operating Income up by 21% and Non-GAAP Diluted EPS up by 8%. Gen's Board authorized a $3 billion share repurchase program, reflecting confidence in the company's future. Additionally, the company announced a regular quarterly cash dividend and a leadership update.
Norton and NNEDV released an infographic with 10 tips to help domestic violence survivors protect their financial information online. The tips aim to combat digital financial abuse, a growing issue affecting survivors. The organizations also offer free product licenses to survivors to aid in their recovery from financial or technological abuse. The release coincides with Sexual Assault Awareness Month, shedding light on the critical issue of financial abuse.
Gen, a global company, organized its first Global Volunteer Week, where more than 500 team members from ten countries dedicated over 1,300 volunteer hours to support 33 nonprofits worldwide. The week included activities like creating digital literacy materials, mentoring students, assembling care packages, planting trees, cleaning up neighborhoods, and supporting vulnerable communities.
In celebration of Earth Month 2024, Gen highlights the success of its Sustainable Home Improvement Program (SHIP) over the past two years. The program offers team members grants up to $500 for eco-friendly home projects, resulting in over 1,800 funded initiatives. Employees have utilized the grants for projects like upgrading appliances, planting trees, and installing solar panels, contributing to environmental sustainability. Additionally, the TERRA employee resource group organizes events to promote sustainability, attracting over 70 members globally.
