Gen Digital, the parent company of antivirus brands like Avast, Avira, and Norton, has projected annual revenue and profit that exceed analysts' expectations, leading to a 4% increase in shares during after-hours trading. The company forecasts full-year 2026 revenue between .70 billion and .80 billion, compared to the average analyst estimate of .13 billion. It expects adjusted per-share earnings to be between [openai_gpt model="gpt-4o-mini" prompt="Summarize the content and extract only the fact described in the text bellow. The summary shall NOT include a title, introduction and conclusion. Text: Gen Digital, the parent company behind well-known antivirus software brands such as Avast, Avira, and Norton, has recently provided an optimistic outlook for its financial performance. On Tuesday, the company announced projections for annual revenue and profit that surpass analysts' expectations, reflecting a robust demand for its cybersecurity solutions. Following this announcement, shares of Gen Digital experienced a notable uptick of approximately 4% in after-hours trading.
Strengthening Cybersecurity Amid Rising Threats
The surge in high-profile digital breaches and a rise in online scams have compelled businesses to enhance their cybersecurity measures. This trend has led to increased enterprise spending on security solutions, even as economic uncertainties loom over client budgets. Gen Digital's forecast for full-year 2026 revenue is set between .70 billion and .80 billion, significantly higher than the average analyst estimate of .13 billion, as compiled by LSEG.
In terms of profitability, the company anticipates adjusted per-share earnings to fall within the range of .46 to .54, again exceeding the analyst estimate of .43. This positive outlook is bolstered by the growing demand for advanced security solutions, particularly as artificial intelligence continues to evolve, enabling more sophisticated hacking techniques.
In its most recent fourth quarter, Gen Digital reported revenue of .01 billion, surpassing analysts' expectations of 7 million. The company achieved an adjusted earnings per share of 59 cents, slightly above the anticipated 58 cents." max_tokens="3500" temperature="0.3" top_p="1.0" best_of="1" presence_penalty="0.1" frequency_penalty="frequency_penalty"].46 and [openai_gpt model="gpt-4o-mini" prompt="Summarize the content and extract only the fact described in the text bellow. The summary shall NOT include a title, introduction and conclusion. Text: Gen Digital, the parent company behind well-known antivirus software brands such as Avast, Avira, and Norton, has recently provided an optimistic outlook for its financial performance. On Tuesday, the company announced projections for annual revenue and profit that surpass analysts' expectations, reflecting a robust demand for its cybersecurity solutions. Following this announcement, shares of Gen Digital experienced a notable uptick of approximately 4% in after-hours trading.
Strengthening Cybersecurity Amid Rising Threats
The surge in high-profile digital breaches and a rise in online scams have compelled businesses to enhance their cybersecurity measures. This trend has led to increased enterprise spending on security solutions, even as economic uncertainties loom over client budgets. Gen Digital's forecast for full-year 2026 revenue is set between .70 billion and .80 billion, significantly higher than the average analyst estimate of .13 billion, as compiled by LSEG.
In terms of profitability, the company anticipates adjusted per-share earnings to fall within the range of .46 to .54, again exceeding the analyst estimate of .43. This positive outlook is bolstered by the growing demand for advanced security solutions, particularly as artificial intelligence continues to evolve, enabling more sophisticated hacking techniques.
In its most recent fourth quarter, Gen Digital reported revenue of .01 billion, surpassing analysts' expectations of 7 million. The company achieved an adjusted earnings per share of 59 cents, slightly above the anticipated 58 cents." max_tokens="3500" temperature="0.3" top_p="1.0" best_of="1" presence_penalty="0.1" frequency_penalty="frequency_penalty"].54, surpassing the analyst estimate of [openai_gpt model="gpt-4o-mini" prompt="Summarize the content and extract only the fact described in the text bellow. The summary shall NOT include a title, introduction and conclusion. Text: Gen Digital, the parent company behind well-known antivirus software brands such as Avast, Avira, and Norton, has recently provided an optimistic outlook for its financial performance. On Tuesday, the company announced projections for annual revenue and profit that surpass analysts' expectations, reflecting a robust demand for its cybersecurity solutions. Following this announcement, shares of Gen Digital experienced a notable uptick of approximately 4% in after-hours trading.
Strengthening Cybersecurity Amid Rising Threats
The surge in high-profile digital breaches and a rise in online scams have compelled businesses to enhance their cybersecurity measures. This trend has led to increased enterprise spending on security solutions, even as economic uncertainties loom over client budgets. Gen Digital's forecast for full-year 2026 revenue is set between .70 billion and .80 billion, significantly higher than the average analyst estimate of .13 billion, as compiled by LSEG.
In terms of profitability, the company anticipates adjusted per-share earnings to fall within the range of .46 to .54, again exceeding the analyst estimate of .43. This positive outlook is bolstered by the growing demand for advanced security solutions, particularly as artificial intelligence continues to evolve, enabling more sophisticated hacking techniques.
In its most recent fourth quarter, Gen Digital reported revenue of .01 billion, surpassing analysts' expectations of 7 million. The company achieved an adjusted earnings per share of 59 cents, slightly above the anticipated 58 cents." max_tokens="3500" temperature="0.3" top_p="1.0" best_of="1" presence_penalty="0.1" frequency_penalty="frequency_penalty"].43. In its latest fourth quarter, Gen Digital reported revenue of .01 billion, exceeding expectations of .07 million, and achieved adjusted earnings per share of 59 cents, slightly above the anticipated 58 cents.
