BUZZ-Gen Digital shares rise after raising annual revenue forecast

October 29 - ** Antivirus software provider Gen Digital (GEN.O) saw its shares rise 5.7% in premarket trading to $25.7

** The company, which owns products such as Norton and Avast, raised its fiscal 2027 revenue forecast (link) to a range of $5.465 billion to $5.515 billion, up from a previous estimate of $5.375 billion to $5.475 billion

** CEO Vincent Pilette said the company has achieved double-digit order growth for six consecutive quarters as consumers seek protection from AI-driven scams

** The company’s second-quarter revenue was $1.37 billion, and adjusted earnings per share reached 74 cents, both beating analysts’ expectations

** Out of 12 brokerages, 6 rate the stock “buy” or higher, and 6 rate it “hold”; the median price target is $31—LSEG data

** As of the previous session’s close, the stock has fallen a cumulative 10.4% this year

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