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Cybersecurity firm Gen Digital beats revenue estimates on stable demand

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- Gen Digital beat second-quarter revenue estimates on Tuesday as rising digital threats and hacks drove stable demand for its cybersecurity products, sending the company's shares more than 3% higher before the bell.

Gen Digital, which brings in a large chunk of its revenue from products aimed at consumers, has also leaned on its freemium options to spark demand at a time of high inflation. The company, which offers antivirus software like Avast, Norton and Avira, posted an adjusted profit of 47 cents per share, in line with Wall Street expectations.

 

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