Gen Digital Stock Jumps 13% After Earnings Beat, M&A Comments

Gen Digital shares rose 13% Thursday as Barrons and RTTNews detailed a quarterly earnings beat and remarks on acquisitions.

Gen Digital (GEN) stock is up 13.10% at $27.54 in Thursday's session, as Barrons reported the company posted an earnings beat and said it is not currently pursuing a "transformative acquisition." RTTNews reported Gen Digital's fiscal second-quarter profit rose, with earnings of $287 million versus $134 million a year earlier.

Gen Digital (GEN) today
MeasureValue
Price$27.54
Change from the prior close+13.10%
Prior close$24.35
Today's range$26.61 – $28.00
52-week range$17.78 – $31.65
Market value$16.49 billion

Source: Stock quote during the regular session · as of October 29, 2026 at 12:30 PM ET

What was reported

Barrons reported that Gen Digital's results reflected strength tied to what it described as a cyber boom, and that the company pushed back on speculation about a large acquisition, saying no such deal is in the works.

RTTNews reported Gen Digital's quarterly profit rose, citing earnings of $287 million compared with $134 million in the year-ago period, with earnings per share of $0.48 versus $0.21. RTTNews also reported revenue of $1.369 billion versus $1.220 billion a year earlier, and noted the company held an earnings conference call on October 28, 2026 to discuss the results.

Its suppliers and customers

Company filings list Broadcom and Bank of America, N.A. as suppliers to Gen Digital. Broadcom shares are down 2.19% today, while Bank of America, N.A. has no quote available. Neither move is evidence of any connection to Gen Digital's share move today.

Suppliers and customers of Gen Digital, and how they are trading
CompanyRoleStockToday
BroadcomSupplierAVGO-2.19%
Bank of America, N.A.SupplierNot listed—

Source: Relationships named in company filings (SEC 10-K annual report; SEC 8-K current report); stock quotes · as of October 29, 2026 at 12:30 PM ET · A supplier or customer moving the same day is not evidence that one move caused the other.

Sources

How this was made

Built from WiseView and market data, with reporting from the sources above. Drafted with AI assistance and reviewed by an editor before publishing. How this report is made

For information only, not investment advice.

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