Gen Digital Inc

GEN

Equity

ISIN US6687711084 / Valor 50784395

NASDAQ (2024-11-21)

USD 29.81+1.26%

Gen Digital Inc
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About company

Gen Digital Inc, listed on NASDAQ as GEN, is a global company known for its trusted Cyber Safety brands, including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. With solutions that protect over 500 million users in 150+ countries, Gen offers a range of products and services focused on internet security, performance optimization, online privacy, and identity protection for PCs and mobile devices. The company's brands have received recognition from industry experts for their top-ranked products and services. Gen also serves as a trusted partner to leading institutions, offering solutions in breach response, employee benefits, security, and privacy. LifeLock, a subsidiary of Gen, is a leader in identity theft protection in the U.S., while ReputationDefender specializes in online reputation management. Overall, Gen Digital Inc is dedicated to powering Digital Freedom through its innovative cybersecurity solutions.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Gen Digital Inc. reported revenue of $965 million for the first quarter of fiscal year 2025, which ended on June 28, 2024. This represents a 2% increase compared to the same quarter in the previous year. The company attributes this growth to its continued focus on delivering innovative cybersecurity solutions.

Operating Income

For Q1 FY2025, Gen Digital Inc. achieved an operating income of $417 million, marking a 16% increase year-over-year. The operating margin also improved by 5 percentage points, reaching 43%. This growth reflects the company's disciplined operating performance and cost management strategies.

Earnings Per Share

Gen Digital Inc. reported a diluted earnings per share (EPS) of $0.29 for the first quarter of fiscal year 2025, which is in line with the prior year's results. On a non-GAAP basis, the diluted EPS was $0.53, showing a 13% increase in USD and a 15% increase in constant currency.

Cash Flow

The operating cash flow for Gen Digital Inc. in Q1 FY2025 was $264 million, up 17% from the same period last year. This increase in cash flow underscores the company's strong financial health and its ability to generate cash from its operations effectively.

Dividend Announcement

Gen Digital Inc.'s Board of Directors has approved a regular quarterly cash dividend of $0.125 per common share. This dividend will be paid on September 11, 2024, to all shareholders of record as of the close of business on August 19, 2024, reflecting the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

41.5%1Y

19.2%3Y

21.4%5Y

Performance

29.2%1Y

31.9%3Y

39.3%5Y

Volatility