NortonLifeLock Inc. (NLOK) Guides FY22 EPS Ahead of Consensus

NortonLifeLock Inc. (NASDAQ: NLOK), a global leader in consumer Cyber Safety, today kicked off its first Investor Day with watch-on-demand presentations from the company’s leadership. Available now, these presentations showcase NortonLifeLock’s long-term strategy to transform the company for accelerated growth. On Tuesday, May 11, 2021, at 9 a.m. PT / 12 p.m. ET, NortonLifeLock will also host a live video Q&A webcast with CEO Vincent Pilette, CFO Natalie Derse, and other members of the leadership team.

“In our first Investor Day, we are sharing our long-term strategy and commitments to accelerate growth to realize our vision to protect and empower consumers to live their digital lives safely,” said Vincent Pilette, CEO of NortonLifeLock. “Our future is bright, and we’re excited about the endless opportunities ahead.”

“We have positioned the company to take it to the next level, and we are confident in our ability to continue to drive accelerating growth and achieve our long-term targets,” said Natalie Derse, CFO of NortonLifeLock. “We have a healthy business model and strong financial discipline. We intend to leverage all capabilities and resources in our relentless pursuit of our long-term commitments.”

Non-GAAP Full Fiscal Year 2022 Guidance

• Revenue growth in the range of 8% to 10%+
• EPS in the range of $1.65 to $1.75

(*Consensus sees FY22 EPS Of $1.63)

Non-GAAP Long-Term Objectives 3-5 Years

• Revenue growth of double-digits
• EPS of approximately $3
• Annual free cash flow of approximately $1 billion to grow in-line with business
• Return 100% of free cash flow to shareholders, excluding acquisitions

Share Repurchase Authorization Raised by $1.5B

NortonLifeLock’s Board of Directors has approved an incremental share repurchase authorization of $1.5 billion. Along with the current $274 million authorization remaining, this new authorization increases the total share repurchase remaining to approximately $1.8 billion. The authorization has no expiration date.

2021 Virtual Investor Day Details
Investor.NortonLifeLock.com

• May 10, 2021: Watch-on-Demand presentations now available.
• May 11, 2021: Live video Q&A webcast with leadership team at 9 a.m. PT / 12 p.m. ET.

For additional details regarding NortonLifeLock’s outlook, please see the Earnings Presentation and the Supplemental Information on the investor relations page of our website at Investor.NortonLifeLock.com.

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• Plexus Corp (PLXS) Tops Q2 EPS by 7c
• Splash Beverage Group Inc. (SBEV) Appoints Julius Ivancsits as CFO