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Top related persons:
Avira - 1 Gen - 1 Akshita Toshniwal - 1 Shailesh - 1 Vincent Pilette - 1 Jaspreet Singh - 1 Pooja Desai - 1
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Bengaluru
Top related orgs:
Norton - 2 Thomson - 2 Gen - 1 Digital - 1 Gen Digital - 1

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2 mentions found


☆ Cybersecurity firm Gen Digital beats revenue estimates on stable demand
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +1 min
Nov 7 (Reuters) - Gen Digital (GEN.O) beat second-quarter revenue estimates on Tuesday as rising digital threats and hacks drove stable demand for its cybersecurity products, sending the company's shares more than 3% higher before the bell. Growing worries about privacy and cyber attacks have in the past year supported demand for cybersecurity services. Gen Digital, which brings in a large chunk of its revenue from products aimed at consumers, has also leaned on its freemium options to spark demand at a time of high inflation. Gen Digital, whose products also include security solutions like firewalls, narrowed its fiscal year 2024 expectations to a range of $3.81 billion to $3.84 billion, from $3.80 billion to $3.85 billion previously. Annual earnings per share is expected between $1.95 to $2.00 per share, compared with its earlier forecast of $1.95 to $2.02 per share.
Persons: Avira, Gen, Akshita Toshniwal, Shailesh Organizations: Gen, Norton, Thomson
☆ Gen Digital beats first-quarter revenue estimates on uptick in demand
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +1 min
Aug 3 (Reuters) - Cybersecurity firm Gen Digital (GEN.O) beat revenue estimates for the first quarter on Thursday, as demand for its antivirus software like Avast, Norton and Avira rose, sending shares surging 3.7% in trading after the bell. Demand for cybersecurity software has soared in the wake of continuously evolving cyber threats, privacy concerns and soaring hacking activity, as users expand their digital footprints. Revenue in the first quarter grew 34% to $946 million, slightly above analysts' average estimate of $945.4 million, according to Refinitiv data. The company earned adjusted profit per share of 47 cents, above analysts' average estimate of 46 cents. Gen Digital expects fiscal year 2024 revenue to be in the range $3.8 billion to $3.85 billion, the midpoint of which is slightly below analysts' average estimate of $3.85 billion, according to Refinitiv data.
Persons: Vincent Pilette, Jaspreet Singh, Pooja Desai Organizations: Digital, Norton, Gen Digital, Thomson Locations: Bengaluru
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