Gen Digital rises after strong quarterly results

Shares of Gen Digital GEN.O rise ~9% to $30.80 on Fri after the antivirus provider reported quarterly results that beat Wall Street estimates

GEN on track for biggest daily pct gain since May 2024. It rose as high as $31.55, near its highest level on record hit on December 4

After the closing bell on Thursday, co reported 30.3% rev growth to $1.26 bln and adj EPS of 64 cents for Q1 2026. Analysts had expected rev of $1.19 bln and adj EPS of 60 cents, per LSEG data

Gen Digital owns well-known antivirus brands including Avast, Avira, AVG and Norton; demand for advanced security tools has remained strong

Multiple analysts including Wells Fargo and Barclays raised their PT on GEN following the report

Among 12 analysts covering GEN, their median PT is $33, up from $31.19 a month ago, and avg rating is "buy"

GEN is now up ~12% YTD, compared with ~11% gain in the Nasdaq .IXIC