Gen Digital Raises FY27 Outlook to 9-11% Revenue Growth, Cites MoneyLion 30% ROIC
GEN sits 24% above its 52-week low of $17.78.
Summary
Gen Digital raised its fiscal 2027 outlook to 9%–11% revenue growth and mid-to-high-teens non-GAAP EPS growth, up from prior guidance. CEO Vincent Pilette highlighted disciplined M&A, noting MoneyLion achieved over 30% ROIC by year two. This follows Q1 FY27 results that beat expectations and a reaffirmation of guidance in late September. The raised outlook signals management confidence in sustained growth, though the market may have partially priced in the improvement. Traders are watching $27 and $22.70 as key support levels.
At the time of this announcement, GEN was trading at $22.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $17.78 to $31.65. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.