Cybersecurity stock Gen Digital (GEN +4.29%) ended the trading week on a high note. After publishing its latest quarterly report after market hours on Thursday, the company's shares raced more than 15% higher the following day as investors signaled their approval. That percentage rate was several orders of magnitude better than the 0.2% gain of the S&P 500 index on Friday.
A double beat to round out fiscal 2024
Gen Digital's fiscal fourth quarter of 2024 saw the company earn $967 million in revenue, which was 2% higher on a year-over-year basis. That was on the back of total bookings that also rose by 2%. The increase in non-GAAP (adjusted) net income was well higher, as it advanced by 14% to hit $336 million, or $0.53 per share.
Both headline results edged past the average-analyst estimates. These called for slightly over $965 million on the top line and $0.52 per share for adjusted-net income.
Additionally, Gen Digital's board of directors has authorized a new, $3 billion share-repurchase program. This includes the $429 million remaining on its previous initiative. The new program does not have an expiration date.
GEN Gen Digital
NASDAQ · As of 4:00 PM ET 10/15/26
Fiscal 2025 guidance published
Gen Digital also proffered guidance for both its current (first) quarter of 2025 and the entirety of that fiscal year. The quarter's revenue should land at $960 million to $970 million, while per-share net income is forecast at $0.52 to $0.54. The projected ranges for fiscal 2025 are expected to be a respective $3.89 billion to $3.93 billion, and $2.17 to $2.23 per-share net income. The consensus-analyst estimates broadly fall within those ranges.
