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Gen Digital Inc   (GEN)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $31.1500 $-0.10 -0.320%
Day's High: $31.38 Week Perf: 1.73 %
Day's Low: $ 31.07 30 Day Perf: 7.01 %
Volume (M): 85 52 Wk High: $ 31.72
Volume (M$): $ 2,655 52 Wk Avg: $24.51
Open: $31.32 52 Wk Low: $19.58



 Market Capitalization (Millions $) 19,375
 Shares Outstanding (Millions) 622
 Employees 3,400
 Revenues (TTM) (Millions $) 3,857
 Net Income (TTM) (Millions $) 620
 Cash Flow (TTM) (Millions $) 108
 Capital Exp. (TTM) (Millions $) 15

Gen Digital Inc


   Company Address: 60 E. Rio Salado Parkway, Tempe, 85281 AZ
   Company Phone Number: 527-8000   Stock Exchange / Ticker: NASDAQ GEN


   

Stock Performances by Major Competitors

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Gen Digital Inc

Gen Digital Inc Outpaces Industry with 35.179% Revenue Growth in Latest Fiscal Report

Gen Digital Inc, a prominent player in the Software & Programming industry, has recently reported its financial results for its most recent fiscal period. Despite a dip in income per share compared to the previous quarter, the company witnessed an impressive 35.179% increase in revenue.
This remarkable growth in revenue places Gen Digital Inc ahead of its competitors in the Software & Programming sector. In fact, in the fourth quarter of 2024, most companies in the industry saw business advancements of only 12.28% compared to the same period in the previous year. This demonstrates Gen Digital Inc's ability to not only keep up with the market but also surpass expectations.

Gen Digital Inc

Gen Digital Inc Faces Dip in Earnings Despite Revenue Growth during Fiscal Period Ending Dec 29, 2023

Investors in Gen Digital Inc have experienced mixed results in the latest fiscal period, with revenue growth of 1.603% not enough to prevent a decrease in income of -12%. The software and programming company reported earnings of $951.00 million and earnings per share of $0.22 in the fiscal interval closing December 29, 2023.
Comparing Gen Digital Inc's performance to its industry peers, it is clear that the company has underperformed with only a 7.48% revenue growth relative to the corresponding period a year ago. EPS decreased by -4.35% and revenue increased by only 0.316% compared to the previous reporting season. Earnings fell by -12.73% to $144.000 million in the recent fiscal interval.

Gen Digital Inc

Gen Digital Inc's Profitability Skyrockets, Boasted by a $722.18 Million Tax Benefit!

Despite Gen Digital Inc's recent profitability during the January to March 31 2023 period, investors should be wary of the company's overall downward trend. While profitability turned positive at $0.70 per share compared to a year ago, it is important to note that the company's reported earnings per share (EPS) were largely boosted by a tax benefit of $722.18 million. Without this benefit, the fourth quarter of 2023 earnings could be considerably less impressive.
Furthermore, the company reported a significant decline in revenue, with a -23.79% decrease from the corresponding financial reporting period a year ago. Sequentially, revenue fell by -23.574% from $936.00 million, which is another red flag for investors. These decreases in revenue are concerning, as they imply that Gen Digital Inc's core business is not performing well.
It must be mentioned that the company has made attempts to alleviate concerns around falling revenue, stating that it is improving profit margins. However, these results should be taken with a grain of salt because they occurred during a period where revenue was also down significantly. Additionally, it is important to note that while net margin rose to 169.28% during the January to March 31 2023 period, operating margin edged up only slightly to 59.68%, and earnings rose by 123.39% to $426.897 million. This implies that the company's rising profitability may not be sustainable over the long term.
Furthermore, looking at the company's numbers for the full fiscal year 2023 is not reassuring either. While Gen Digital Inc did realize earnings per share of $2.16, this is not significantly higher than the $-0.53 in the previous fiscal year. The company's Revenue also deteriorated by -14.55% from $3.91 billion a year ago. Overall, this shows that Gen Digital Inc has not been able to sustain growth in its core business or drive long-term profitability.







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