$GEN

Gen Digital Inc. shares rose 6.69% on Wednesday, recovering from a selloff triggered by takeover speculation involving GoDaddy. CEO Vincent Pilette reassured investors about the company's acquisition strategy and financial outlook, citing strong business performance and raised fiscal 2027 guidance. The stock had previously declined over 34% from its 52-week high following reports of potential GoDaddy acquisition talks, which raised concerns about debt and strategic fit.

Engine by Gen (NASDAQ: GEN) launched Savvy, an insurance marketplace designed for AI agents. This platform allows AI agents to help shoppers compare insurance options while protecting personal data. The company aims to create a secure and efficient way for AI agents to interact with insurance providers, avoiding data sharing risks. Savvy generates rate estimates anonymously before requesting customer contact information, minimizing spam and identity theft risks.

Gen Digital Inc. (GEN) shares rose 5% after-hours as CEO Vincent Pilette addressed acquisition rumors and updated fiscal 2027 guidance. Revenue growth is now expected at 9%-11%, with non-GAAP EPS growth in the mid-to-high teens. Pilette did not comment on GoDaddy acquisition speculation but outlined the company's acquisition strategy, citing past successes like Avast and MoneyLion. Gen Digital's revenue has grown from $2B to over $5B in six years, with EPS nearing $3.

Gen Digital Inc. (GEN) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 “Is Gen buying GoDaddy?” That is the question many of you have asked me since last week. I can’t comment on rumors, but I can explain how we think about acquisitions. Our first job is to execute: serve customers better, improve our products, and continue to invest in

Gen Digital (GEN) reportedly made a preliminary takeover approach for GoDaddy (GDDY). GEN shares fell 12.05% to $23.07, while GDDY rose 4.64% to $100.85. Neither company commented, and talks are described as early. GEN's market value is $13.8B, slightly above GDDY's $12.8B. Analysts note financing challenges for GEN, given its leverage targets.

Gen Digital Inc. (GEN) shares fell 6.29% due to concerns over cybersecurity vulnerabilities and a potential GoDaddy takeover. Analysts note strong margins and cash flow but highlight high leverage. The stock is in a short-term downtrend, with resistance at $23.50 and support around $20. The deal's impact on GEN's balance sheet is a key concern.

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GoDaddy Inc (NYSE:GDDY) shares rose 11% after a Financial Times report indicated a preliminary takeover offer from Gen Digital, owner of Norton. The deal would grant Gen Digital access to GoDaddy's 20 million customers and 81 million web domains. GoDaddy's market value is $12.2 billion, while Gen Digital's is $15.7 billion. Discussions are in early stages with no terms disclosed. Gen Digital's shares dropped 7% on the news.

GoDaddy (GDDY) shares rose 11% after the Financial Times reported a preliminary takeover approach by Gen Digital (GEN), which slipped 7%. Gen Digital, formed by the 2022 merger of NortonLifeLock and Avast, aims to diversify with GoDaddy's 20M+ customer base and 81M web domains. Discussions are at an early stage with no financial terms disclosed.

Gen Digital Inc. (GEN), a cybersecurity and digital privacy company, has seen its stock rise 25% over the past three months, outperforming the iShares Expanded Tech-Software Sector ETF (IGV). The company reported Q1 2027 adjusted revenue of $1.34 billion, up 11%, and raised its fiscal 2027 revenue guidance to $5.38 billion - $5.48 billion. Analysts have a 'Moderate Buy' consensus with a mean price target of $33.60, a 17.6% premium to current levels.