Gen Digital jumps on Q2 revenue beat

Gen Digital

07/11/2023 17:42

** Shares of cybersecurity firm Gen Digital  GEN.O  up 8.9%
at $19, top performer on S&P 500  .SPX 
    ** Company beats Q2 revenue estimates as rising digital
threats and hacks drive stable demand for its cybersecurity
products
    ** Gen Digital, which offers antivirus software such as
Avast, Norton and Avira, has also leaned on its freemium options
to spark demand at a time of high inflation
    ** Including session gains, stock down 11% YTD

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))