Latest news with #GenDigital
Associated Press
27-05-2025
- Business
- Associated Press
He Was Offered a 15-Year Path to the C-Suite. So He Walked.
Our CEO, Vincent Pilette, shared his personal story with Fortune, and it's not your typical path to the top. He explains that titles never defined him. Impact did. That mindset led him to Gen and where he is today. Read more about his honest look at how being bold can open unexpected doors, and how not all career paths are linear: Visit 3BL Media to see more multimedia and stories from Gen Digital Inc.
Yahoo
24-05-2025
- Business
- Yahoo
Gen Digital (NasdaqGS:GEN) Unveils AI-Driven Browser Norton Neo for Safer, Smarter Web Experience
Gen Digital experienced a 15% price increase over the past month, potentially influenced by several factors. The company launched Norton Neo, a new AI-powered browser aimed at enhancing user experience and security, aligning with its emphasis on innovation. Furthermore, the quarterly earnings report reflected growth, with sales and net income seeing notable increases compared to the previous year. On a broader market level, tech shares faced headwinds due to renewed trade tensions, but Gen Digital's advancements in product offerings and solid financial performance may have added a counterbalance to sector declines, supporting the company's upward movement. Every company has risks, and we've spotted 3 possible red flags for Gen Digital (of which 1 is a bit unpleasant!) you should know about. These 16 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. The recent launch of Norton Neo and a strong quarterly earnings report have bolstered investor confidence in Gen Digital, contributing to a 15% share price increase in the past month. Over a longer horizon, Gen Digital's shares have delivered a total return of 48.50% over the past five years, indicating consistent growth and resilience in various market conditions. Despite a challenging environment where tech shares have generally faced difficulties, Gen Digital has managed to outperform the broader US market, reflecting the success of its strategic initiatives. Looking forward, the integration of AI-driven technologies and expansion into new markets are expected to drive revenue and earnings growth. The company's revenue is anticipated to grow at an annual rate of 2.7%, while analysts project earnings to reach US$1.2 billion by 2028. These developments are essential for justifying the current consensus price target of $30.71. With the recent share price at $25.72, this suggests potential upside, giving investors reason to remain optimistic about future returns, contingent on successful execution of growth initiatives. Gain insights into Gen Digital's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:GEN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
This CEO said no to a 15-year wait for his dream job. He took the fast track instead: ‘I don't have that much time'
The path to the C-suite often follows a familiar blueprint. For Gen Digital CEO Vincent Pilette, it was anything but. Pilette says he never had CEO aspirations, much preferring the role of CFO. So he did what few would: Early in his career as a financial analyst at a Fortune 500 IT company, he told the company's then-CFO he wanted her job, he says. But when she outlined a rigid 15-year succession plan, he walked. 'I don't have that much time,' he told Fortune. Though he'd only overseen a sliver of financial operations at the time—far from the typical CFO résumé stacked with experience across accounting, FP&A, and M&A—he began pursuing finance chief roles at smaller public companies. Titles never defined him, he says. Impact did. After 'hundreds of nos,' including an initial rejection from Electronics for Imaging, he eventually landed the CFO seat there in 2011. Two years later, he joined Logitech, where working under CEO Bracken Darrell reshaped his view of financial leadership as a blend of fiscal discipline and operational execution to drive growth. Pilette, whose work at Logitech blended both financial responsibilities and internal operations, began to embrace the CFO role not only as a financial steward but as a catalyst for value creation and operational change, he says. Then came the unexpected. Recruited to join cyber security company Symantec as CFO in 2019, Pilette says he arrived on the very day the CEO was fired. What followed was a crash course in crisis leadership. He led the split and sale of half the business the same year, with the remainder branded as NortonLifeLock. Months later, in a twist of executive musical chairs, he was tapped as CEO. Under Pilette's leadership, NortonLifeLock merged with Avast in 2022 to form Gen Digital, a cyber security giant now serving nearly 500 million users. With a market cap north of $17 billion, Gen Digital recently acquired fintech firm MoneyLion to broaden its consumer security offerings. And it landed at No. 840 on the 2024 Fortune 1000. Pilette says his unconventional climb is proof there's no single route to the top. 'Too many people feel there is one recipe,' he says. 'But there isn't.' He became a CFO without the usual credentials. He then became a CEO without chasing the title, driven instead by curiosity, discipline, and a relentless focus on value, he says. His path suggests that sometimes, the fastest way up is the willingness to first go sideways. Lily Mae This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
09-05-2025
- Business
- Entrepreneur
Hot or Not, Stock Market Edition: 05/09/2025
This story originally appeared on WallStreetZen HOT: Gen Digital ( GEN ) soars following upbeat earnings; why Centene Corporation ( CNC ) may be an undervalued gem soars following upbeat earnings; why may be an undervalued gem NOT: Why is Apple (AAPL) losing ground? Plus, the story behind Owens Corning's (OC) recent drop P.S. For more stocks making moves, check out our new Zen Ratings Upgrades & Downgrades screener. ? HOT: Centene Corporation (NYSE: CNC) is a diamond in the rough, in our opinion. Our research gives the company an A rating in Value and a B rating in growth, signaling that its current price is not representative of its potential future value. The stock gained 5.4% on Wednesday after wealth management firm Bernstein raised its price target for CNC from $81 to $86. We give CNC a Zen Rating of B and a buy recommendation. ? NOT: Roofing, insulation, and fiberglass manufacturer Owens Corning (NYSE: OC) lost 8.6% on Wednesday after its first-quarter earnings call revealed a surprise loss due to divesting one of its core branches. The company's guidance for the remainder of the year cautioned investors that it expects its new construction and remodeling business to remain relatively stifled due to the ongoing fears of a recession. We give OC a B rating in Value but a D rating in momentum since the company has lost more than the broad market so far this year and is down 24% YTD. ? HOT: Shares of Gen Digital (NASDAQ: GEN) gained 8.2% on Wednesday after an upbeat earnings report that saw the company beat its EPS and revenue targets for the first quarter. The company's CEO, Vincent Pilette, issued strong guidance for the remainder of 2025 and encouraged investors by predicting that the company's recent acquisition of MoneyLion will increase its customer base and lead to accelerated growth. We tend to agree with Mr. Pilette and give GEN a B Zen Rating and a Buy recommendation. ? NOT: Apple (NASDAQ: AAPL) continued to lose ground on Wednesday, dropping 1.1% by the closing bell amid concerns over the company's ability to withstand tariff-related headwinds. The company's senior vice president of services, Eddy Cue, testified in a Department of Justice hearing that the company saw searches fall for the first time ever, something he attributes to the increasing use of AI over traditional search engines like Google and Bing. If this trend continues, it could put Apple's partnership with Google in jeopardy. All in all, there's too much uncertainty surrounding Apple right now for our tastes. We give AAPL a C Zen Rating and a Hold recommendation. (Are the stocks on your watchlist on our Strong Sell list?) What to Do Next?
Globe and Mail
07-05-2025
- Business
- Globe and Mail
Gen Digital Q4 Earnings Surpass Expectations, Revenues Rise Y/Y
Gen Digital Inc. GEN reported fourth-quarter fiscal 2025 results, wherein both revenues and earnings beat the Zacks Consensus Estimate. Gen Digital reported non-GAAP earnings of 59 cents per share, which beat the Zacks Consensus Estimate by 1.7%. The figure improved 11.3% year over year and 13% on a constant currency basis. In the fiscal fourth quarter, the bottom line came at the high end of management's guidance of 57-59 cents. In the trailing four quarters, GEN's earnings surpassed the Zacks Consensus Estimate twice, while matching twice on the same occasion, delivering an average surprise of 0.94%. Gen Digital's fourth-quarter non-GAAP revenues increased 5% year over year and on a constant currency basis to $1.01 billion, which beat the Zacks Consensus Estimate by 1.2%. The strong revenue growth was due to escalating AI-powered scams, ransomware, and impersonation threats fueling demand for Gen Digital's AI-driven cyber safety solutions, including Genie Scam Protection. Furthermore, GEN's investment in AI has significantly improved product efficacy, enhancing monetization opportunities and lifetime customer value. The acquisition of MoneyLion has expanded GEN's Total Addressable Market into financial wellness. GEN's Q4 Top-Line Details Robust growth in Gen Digital's top line can be attributed to the increase in the Cyber Safety revenues, which comprise the Direct Customer revenues and the Partner revenues. Gen Digital's Cyber Safety revenues amounted to $998 million in the fourth quarter, out of which Direct Customer revenues increased 3.9% year over year to $877 million, and Partner revenues improved 15.2% to $121 million. The direct monthly average revenue per user (ARPU) increased to $7.27 compared with the year-ago quarter's ARPU of $7.22 but remained the same as the previous quarter's $7.27. The quarterly bookings advanced 3% year over year to $1.076 billion. Gen Digital's average direct customer count increased to 40.4 million from 39.1 million in the year-ago quarter and 40.1 million in the previous quarter. GEN's customer retention rate was 78%, up from 77.0% in the year-ago quarter and unchanged from the previous quarter. GEN's Operating Details The non-GAAP gross profit grew 4.3% year over year to $868 million in the fourth quarter. However, the gross margin contracted 40 basis points (bps) to 85.9%. Non-GAAP operating expenses increased to $278 million, up 4.5% year over year. As a percentage of revenues, non-GAAP operating expenses declined 10 bps year over year to 27.5%. The non-GAAP operating income in the fourth quarter of fiscal 2025 totaled $590 million, up 4.2% year over year. The non-GAAP operating margin was 58.4%, down 30 bps year over year. Non-GAAP EBITDA increased 8.6% year over year to $518 million. Gen Digital's Balance Sheet & Cash Flow Gen Digital exited the fourth quarter with cash and cash equivalents of $1.006 billion, up from $883 million in the previous quarter. The long-term debt was $7.968 billion, down from $8.429 billion in the year-ago period. In the fourth quarter of fiscal 2025, the company generated operating and free cash flows of $473 million and $470 million, respectively. For the full fiscal year, Gen Digital generated operating cash flow of $1.221 billion and free cash flow of $1.206 billion. Gen Digital paid out $77 million in dividends during the fourth quarter. For fiscal 2025, it paid $313 million in dividends, repurchased stocks worth $272 million, and repaid debt worth $1.311 billion. Gen Digital Initiates Guidance for 2026 For the first quarter of fiscal 2026, Gen Digital anticipates revenues between $1.18 billion and $1.21 billion. The company projects non-GAAP earnings between 59 cents and 61 cents in the fiscal first quarter. The Zacks Consensus Estimate for first-quarter revenues and non-GAAP earnings is currently pegged at $996.5 billion and 58 cents per share, respectively. For fiscal 2026, Gen Digital projects revenues in the range of $4.7-$4.8 billion. It anticipates earnings per share in the range of $2.56-$2.54. The consensus mark for fiscal 2026 revenues and non-GAAP earnings is currently pinned at $4.03 billion and $2.39, respectively. Zacks Rank and Stocks to Consider Currently, GEN carries a Zacks Rank #4 (Sell). Affirm AFRM, Super Micro Computer SMCI and Paycom Software PAYC are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. AFRM, SMCI and PAYC sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today's Zacks #1 Rank stocks here. AFRM shares have gained 4% in the past year. The Zacks Consensus Estimate for AFRM's 2025 is pegged at a loss of 6 cents per share, narrowed by 7 cents over the past 60 days, suggesting growth of 96.7% from the year-ago quarter's reported figure. SMCI shares have plunged 56.4% in the past year. The Zacks Consensus Estimate for SMCI's fiscal 2025 earnings has been revised downward to $2.52 in the past seven days, suggesting year-over-year growth of 14%. PAYC shares have gained 6% over the past year. The Zacks Consensus Estimate for PAYC's 2025 earnings is pegged at $8.72 per share, implying a rise of 6.21% from the year-ago quarter's levels. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gen Digital Inc. (GEN): Free Stock Analysis Report Super Micro Computer, Inc. (SMCI): Free Stock Analysis Report Paycom Software, Inc. (PAYC): Free Stock Analysis Report Affirm Holdings, Inc. (AFRM): Free Stock Analysis Report
