**Gen Digital Inc. (GEN) is set to report its first-quarter fiscal 2027 results on August 6, after market close.** The company anticipates non-GAAP revenues between $1.3 billion and $1.325 billion, with the Zacks Consensus Estimate at $1.30 billion, reflecting a projected 3.7% year-over-year growth. Additionally, non-GAAP earnings are expected to range from 68 to 70 cents per share, with a consensus estimate of 69 cents per share, a year-over-year increase of 7.8%.
The increase in demand for cybersecurity solutions amid rising cyber threats, including AI-enabled scams, is expected to contribute positively to GEN’s performance. However, potential challenges include global economic slowdown concerns that may impact consumer spending on subscriptions, which might affect GEN’s near-term prospects. The company’s earnings history shows it has beaten the Zacks Consensus Estimate in the last four quarters, averaging a surprise of 3.25%.
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