Morgan Stanley maintains Gen Digital at Equal-Weight, raises price target to $34 from $32

Palo Alto Networks will report fiscal Q1 2027 earnings on Nov. 18. Four other cybersecurity firms (Tenable, Gen Digital, Cloudflare, Varonis, SentinelOne) reported Q3 2026 results, with two raising full-year outlooks. Tenable reported $276.4M revenue, Gen Digital $1.369B, Cloudflare $782.5M, and Varonis $189.5M. SentinelOne announced an AI integration with Anthropic.

Gen Digital Inc. reported Q2 2026 revenue of $1.37B, up 12.2% YoY, with net income at $287M and diluted EPS at $0.48. Growth was driven by Trust-Based Solutions and Cyber Safety segments, with paid customers increasing to 83M. Management expressed confidence in its strategy while noting macroeconomic risks.

Gen Digital's stock rose 12.42% to $27.38 on October 29 after raising its fiscal 2027 non-GAAP earnings outlook. The company now expects $2.93-$2.98 per share, up from $2.87-$2.97. Q2 revenue was $1.369 billion, up 12%, with non-GAAP earnings of $0.74 per share, up 19%. GuruFocus notes a GF Score of 86/100 and a P/E ratio of 15.89, but highlights financial strength concerns.

Gen Digital's shares rose 13% after Q2 revenue grew 12% to $1.37B, beating estimates. The company raised its full-year outlook. CEO Vincent Pilette stated no plans for a major acquisition. MoneyLion, a segment, competes with Chime and Dave, both reporting Nov. 4.

Gen Digital's stock rose 11.9% after its Q2 2027 earnings beat expectations, with revenue of $1.37B and EPS of $0.74. The company raised its full-year revenue guidance to $5.465B-$5.515B. Analysts increased price targets, and the company declared a $0.125 quarterly dividend. CEO Vincent Pilette noted record customer numbers and double-digit bookings growth.

Gen Digital (GEN) reported Q2 earnings of $0.74 per share, beating estimates, with revenue of $1.37B, up 12% YoY. The company raised its fiscal 2027 revenue guidance to $5.465B-$5.515B and adjusted EPS guidance to $2.93-$2.98. Shares surged 11% on the news.