Gen Digital outperformed the iShares Expanded Tech-Software Sector ETF with a 25% three-month gain, bolstered by strong Q1 results and upwardly revised fiscal 2027 earnings guidance.
Gen Digital raised its fiscal 2027 revenue and EPS guidance after strong Q1 results, and its stock has outperformed the sector ETF.
Microsoft is mentioned as a rival that has underperformed Gen Digital on a YTD and 52-week basis.
The iShares Expanded Tech-Software Sector ETF is used as the benchmark, and Gen Digital has outperformed it over multiple periods.
Gen Digital shares rose 3.8% following a robust Q1 2027 report, featuring an 11% increase in adjusted revenue to $1.34 billion and a 19% jump in adjusted EPS to $0.71. The cybersecurity firm subsequently raised its full-year fiscal 2027 revenue guidance to a range of $5.38 billion to $5.48 billion, signaling sustained momentum across its consumer-focused digital safety segments.
Gen Digital reported strong Q1 2027 results with adjusted revenue of $1.34 billion and adjusted EPS of $0.71, representing growth of 11% and 19% respectively.
Analysts are cautiously optimistic with a Moderate Buy consensus and a price target of $33.60, supported by the company's raised fiscal 2027 guidance.