Gen Digital Raises Annual Forecast
Gen Digital raised its annual revenue forecast and posted quarterly results beating estimates. The company reported strong cybersecurity demand and rising customer retention.
Xurve View
Insights:
Xurve View
Gen Digital raised its fiscal 2027 revenue forecast to between $5.465 billion and $5.515 billion on Wednesday, driven by sustained demand for its cybersecurity offerings. The upgraded outlook surpasses analyst estimates of $5.43 billion. Investors responded by pushing shares up 7% in extended trading.
