Gen Digital rises after strong quarterly results

Gen Digital

08/08/2025 18:43

** Shares of Gen Digital GEN.O rise ~9% to $30.80 on Fri after the antivirus provider reported quarterly results that beat Wall Street estimates

** GEN on track for biggest daily pct gain since May 2024. It rose as high as $31.55, near its highest level on record hit on December 4

** After the closing bell on Thursday, co reported 30.3% rev growth to $1.26 bln and adj EPS of 64 cents for Q1 2026. Analysts had expected rev of $1.19 bln and adj EPS of 60 cents, per LSEG data

** Gen Digital owns well-known antivirus brands including Avast, Avira, AVG and Norton; demand for advanced security tools has remained strong

** Multiple analysts including Wells Fargo and Barclays raised their PT on GEN following the report

** Among 12 analysts covering GEN, their median PT is $33, up from $31.19 a month ago, and avg rating is "buy"

** GEN is now up ~12% YTD, compared with ~11% gain in the Nasdaq .IXIC

 (Reporting by Chibuike Oguh in New York)

 ((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))