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Gen Digital Inc. - GEN STOCK NEWS

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.

News

Tax Prep Service Scams Rank High on Taxpayers' List of Concerns This Filing Season

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LifeLock, a leading identity protection brand of Gen (NASDAQ: GEN), highlights the risks of tax prep service scams during tax season. A recent consumer survey reveals that sixty-one percent of Americans fear being targeted by these scams, leading to potential identity theft and financial loss.
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Celebrating Black Excellence: Twin Sisters Shining Bright

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The press release highlights the inspiring journey of twin sisters, Meshawn Woods and LeShawn Parrish, who have worked at Gen for over 15 years, showcasing their rise to leadership roles and involvement in the company's employee resource group, POWER. The sisters share their experiences, career progression, and commitment to continuous learning and growth within the organization.
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Avast Blocks Record Breaking 10 Billion Attacks in 2023, Nearly a 50% Increase from Previous Year

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Avast, a leader in digital security and privacy and brand of Gen™ (NASDAQ: GEN), blocked an unprecedented 10 billion attacks in 2023 for a remarkable 49% increase year-over-year. The latest quarterly Avast Threat Report reveals that scams, phishing, and malvertising continue to account for more than 75% of all cyber threats. The report highlights the surge in malware attacks utilizing PDF files and new techniques of exploiting Google to steal information. Avast researchers observed a spectrum of PDF-related threats and scams, ranging from simple lottery and dating scams to sophisticated threats like password stealers. The use of malicious browser push notifications escalated, becoming a preferred tool for scammers across various domains. Deepfake videos, especially those endorsing investment scams, displayed a heightened level of sophistication in the final quarter of the year. The report also discusses the new and interesting stealing capability which was rapidly adapted by information stealers: abusing the Google OAuth endpoint for recovering authentication cookies.
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Building Cyber Safety Into the School Curriculum

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Norton, a part of Gen, has partnered with Discovery Education to create My Digital Life, a program aimed at educating students about responsible online behavior. The program has been well-received by educators and is designed to address issues like cyberbullying, privacy risks, and misinformation.
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Gen Reports 18th Consecutive Quarter of Growth in Q3 FY24

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Gen Digital Inc. (NASDAQ: GEN) reported Q3 FY24 results with a 4% increase in bookings, exceeding $1 billion. The company achieved a record number of direct customers at 38.9 million, reflecting the value of their Cyber Safety solutions. Q3 GAAP revenue was $951 million, up 2%, while non-GAAP revenue was also $951 million, up 2% in USD and constant currency. Operating income was $335 million, down 9% for GAAP, and $558 million, up 6% for non-GAAP. Diluted EPS was $0.22, down 12% for GAAP, and $0.49, up 10% for non-GAAP. Gen's Q4 FY24 revenue is expected to be in the range of $960 to $970 million, with EPS expected to be in the range of $0.52 to $0.54. The company also announced a regular quarterly cash dividend of $0.125 per common share.
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ReputationDefender Releases Total Radius to Help Protect People From Physical and Online Threats

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ReputationDefender, a brand of Gen™ (NASDAQ: GEN), has launched Total Radius, an AI-powered platform for reputation monitoring and privacy protection. Total Radius aims to help public-facing individuals control their online presence and reduce the likelihood of physical safety threats arising from the availability of online data. The service utilizes ReputationDefender's proprietary AI to monitor, manage, and report on privacy and reputation threats, as well as offer white-glove service with specialized Digital Safety Advisors. It also provides features such as reputation monitoring, privacy management, digital threat intelligence, and real-time alerts.
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Helping To Keep Personal Data Safe In 2024

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GenGen is focused on empowering people to take control of their digital lives by providing products like Norton Secure VPN and Norton 360 Deluxe that protect online privacy and prevent information theft. They have also launched a product donation pilot program to help survivors of domestic violence and regularly work with nonprofits to educate children and families about online safety.
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Looking Back at 2023 and Dreaming of 2024 With Gen

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In 2023, Gen made significant strides in Cyber Safety, introducing Norton Genie to combat digital scams, partnering with the Open Wallet Foundation to promote Digital Freedom, and receiving accolades for innovation and social impact. They are committed to continue protecting people from cyber threats in 2024.
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Norton Partners with Award-Winning Creator Dan Levy to Bring Real-Time Scam Detection App, Norton Genie, to the Masses

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Norton Genie, a scam detection app by Norton, is now available to the general public. The app, in partnership with Emmy award-winning creator Dan Levy, helps people identify and avoid cyber scams. With 1 in 5 people being scammed in the past year, the app allows users to upload potential scam screenshots for immediate assessment. Norton Genie has determined nearly 45% of scanned uploads to be legitimate scam attempts. President at Gen, Ondrej Vlcek, emphasizes the increasing complexity of cyber threats and the app's role in protecting users 24/7.
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Gen to Announce Fiscal 2024 Third Quarter Results on February 1, 2024

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Gen Digital Inc. (NASDAQ: GEN) will release its fiscal 2024 third quarter financial results on February 1, 2024, after market close. The management will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET. More information is available on Investor.GenDigital.com.
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FAQ

What is the current stock price of Gen Digital (GEN)?

The current stock price of Gen Digital (GEN) is $27.83 as of December 20, 2024.

What is the market cap of Gen Digital (GEN)?

The market cap of Gen Digital (GEN) is approximately 16.9B.

What does Gen Digital Inc. do?

Gen Digital Inc. offers cybersecurity, identity protection, and privacy solutions for individual consumers through brands like Norton, Avast, and LifeLock.

What recent products has Gen introduced?

Gen recently introduced Avast One Silver, a new modular tier in the Avast One suite, enabling users to tailor their cybersecurity needs.

How many users does Gen serve?

Gen serves nearly 80 million users across more than 150 countries.

What are some of Gen's core brands?

Core brands include Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner.

What awards has Gen received?

Gen has received multiple awards from institutions like AV-Comparatives and AV-Test for its cybersecurity solutions.

How is Gen contributing to environmental sustainability?

Gen partners with Planet Water Foundation to provide clean drinking water to rural communities and engages in various environmental sustainability initiatives.

Where can I find Gen's latest financial reports?

Gen's latest financial reports and earnings calls can be found on their investor relations website at Investor.GenDigital.com.

What social impact initiatives is Gen involved in?

Gen focuses on digital safety education, community support, and environmental sustainability, as detailed in its annual Social Impact Report.

What platforms are Gen's products available on?

Gen's products are available on Windows, Mac, Android, and iOS platforms.

How does Gen ensure the effectiveness of its cybersecurity products?

Gen's products undergo rigorous evaluations by independent testing institutions to ensure they provide top-tier protection against cyber threats.

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Gen Digital Inc.

Nasdaq:GEN

GEN Rankings

#610 Ranked by Market Cap
#1477 Ranked by Dividends

GEN Stock Data

16.89B
559.25M
9.24%
86.75%
1.93%
Software - Infrastructure
Services-prepackaged Software
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United States of America
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