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Gen Digital rises after raising annual revenue forecast

By Reuters News10:54 (UTC), 29 October 2026 Updated

** Shares of antivirus provider Gen Digital GEN.O rise 5.7% to $25.7 premarket

** Company, which makes Norton and Avast, among other products, raises FY27 revenue forecast to range between $5.465 bln and $5.515 bln, from $5.375 bln-$5.475 bln earlier

** Delivers sixth straight quarter of double-digit bookings growth as consumers sought protection against AI-driven scams - CEO Vincent Pilette

** Company posts Q2 revenue of $1.37 bln and adj. EPS of 74 cents, both ahead of analysts' estimates

** Six of 12 brokerages rate the stock "buy" or higher and six "hold"; median PT is $31 - LSEG data

** As of last close, shares down 10.4% YTD

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