Gen Digital Inc. (NASDAQ:GEN ) Q2 2025 Earnings Call Transcript October 30, 2024 5:00 PM ET Company Participants Jason Starr - Head of IR Vincent Pilette - CEO Natalie Derse - CFO Conference Call Participants Andrew Nowinski - Wells Fargo Ryan Powderly - Barclays Peter Levine - Evercore Tomer Zilberman - Bank of America Hamza Fodderwala - Morgan Stanley Dan Bergstrom - RBC Operator Good afternoon, everyone. Thank you for standing by.
Gen Digital (GEN) came out with quarterly earnings of $0.54 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago.
Gen Digital on Wednesday forecast third-quarter revenue above Wall Street estimates, signaling robust demand from customers who prioritize spending on its cybersecurity products while adopting data-intensive GenAI tech.
GEN's Q2 results are likely to reflect benefits from growing clientele, supported by a strong product portfolio despite macroeconomic headwinds.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Gen Digital (GEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Share price surged by over 60% in less than a year, driven by strong customer growth, high retention rates, and increased operating profit and margins. Despite headwinds, including $8.5 billion in long-term debt and potential integration challenges, Q1 FY25 results showed a 2% YoY revenue increase and a 16% rise in GAAP operating income. The strong fundamentals, positive growth rates and favorable price action support my Buy rating.
Examine Gen Digital's (GEN) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
While a decent demand environment for cyber safety drives Gen Digital's (GEN) Q1 revenues higher, disciplined spending and cost synergies from the NortonLifeLock and Avast merger aid the bottom line.
Gen Digital, Inc. (NASDAQ:GEN ) Q1 2025 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Jason Starr - Head, Investor Relations Vincent Pilette - CEO Natalie Derse - CFO Conference Call Participants Dan Bergstrom - RBC Peter Levine - Evercore Tomer Zilberman - Bank of America Merrill Lynch Saket Kalia - Barclays Operator Good afternoon, everyone, thank you for standing by. My name is Tamia, and I will be your conference operator today.
The headline numbers for Gen Digital (GEN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Gen Digital (GEN) came out with quarterly earnings of $0.53 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago.
As the earnings season unfolds, emerging tech stocks are capturing increased attention. While mega- and large-cap tech stocks propelled markets to record highs in the first half of 2024, they now face challenges, creating an opening for the next generation of tech innovators.