Aug. 7 at 12:00 AM
Gen Digital reported fiscal first-quarter results that exceeded Wall Street expectations, with adjusted EPS of
$0.71, above the
$0.69 consensus, and revenue of
$1.34 billion, beating forecasts of
$1.27 billion.
The cybersecurity company issued second-quarter guidance for adjusted EPS of
$0.71-
$0.73, in line to slightly above expectations, and revenue of
$1.33 billion-
$1.35 billion, roughly matching analyst estimates. For fiscal 2027, Gen Digital reaffirmed confidence in its outlook, projecting adjusted EPS of
$2.87-
$2.97 versus the
$2.90 consensus and revenue of
$5.38 billion-
$5.48 billion, with the upper end exceeding Wall Street forecasts.
Gen Digital shares have gained nearly 24% over the past three months despite remaining roughly flat over the last year. Analyst sentiment has been mixed in recent months, with two upward and two downward earnings estimate revisions over the past 90 days.
$GEN