NortonLifeLock Inc. (NLOK) Tops Q4 EPS by 2c, Revenues Beat; Offers FY21 EPS/Revenues Guidance Above Consensus
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NortonLifeLock (NLOK) Gets a Two-Notch Upgrade at BofA After Management Presented Ambitious Targets for Sustained Growth for Sales and EPS
May 12, 2021 8:34 AM EDTYesterday, NortonLifeLock Inc (NASDAQ: NLOK) held its Analyst Day, in which the management rolled out ambitious 3-5 yr targets for sustained 10%+ revenue growth and doubling EPS.
Following the event, BofA Securities analyst Tal Liani delivered a two-level upgrade for NLOK, lifting the rating to Buy from Underperform. The analyst also raised the price target to $30.00 per share from $19.00 per share.
We were previously concerned about low growth and weak sales channels, yet the company demonstrated improvements on multiple fronts such as better growth, which was directly correlated with the... More
NortonLifeLock Inc. (NLOK) Guides FY22 EPS Ahead of Consensus
May 10, 2021 5:02 PM EDTNortonLifeLock Inc. (NASDAQ: NLOK), a global leader in consumer Cyber Safety, today kicked off its first Investor Day with watch-on-demand presentations from the companys leadership. Available now, these presentations showcase NortonLifeLocks 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.
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