LifeLock Augments Member Benefits with Stolen Funds Replacement

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Needham & Company Raises Price Target on LifeLock (LOCK) to $20; Reiterates Buy

August 3, 2016 6:51 AM EDT

Needham & Company reiterated a Buy rating on LifeLock (NYSE: LOCK), and raised the price target to $20.00 (from $18.00), following the company's 2Q earnings report. LOCK's reported revenue and EPS of $164.4m and $0.07 EPS were both above consensus estimates of $163.3m and $0.04 EPS. 2016 guidance was maintained at $662-670m revenue and... More