Needham & Company Downgrades LifeLock (LOCK) to Hold Following Takeover

Symantec to Acquire LifeLock for $2.3 Billion to Form World’s Largest Digital Safety Platform for Consumers and Families

Combines Norton, the #1 Consumer Security brand, and LifeLock, a leading Identity Protection provider Combination will expand addressable market, broaden value proposition, and enable sustainable consumer segment revenue and profit growth Company reaffirms fiscal year 2017 non-GAAP financial guidance Company reaffirms fiscal year 2018 non-GAAP EPS guidance; acquisition expected to be accretive to FY2019 non-GAAP EPS

MOUNTAIN VIEW, Calif. & TEMPE, Ariz.--(BUSINESS WIRE)-- Symantec Corp. (NASDAQ: SYMC) and LifeLock, Inc. (NYSE:... More