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Norton LifeLock’s business has been adversely affected by the volatile forex environment and various macroeconomic pressures. The consumer base of the company is healthy, and its business is resilient which is why it was able to deliver an earnings beat despite failing to meet the revenue expectations of Wall Street. The company has received approval to acquire Avast, which will likely close in October 2022. New identity solutions were launched in the quarter and saw an increase in both geograph
Companies: Gen Digital Inc. (GEN:NAS)NortonLifeLock Inc. (0LBI:LON)
With the increasing spread of the work-from-home culture, NortonLifeLock’s consumer cybersecurity offerings have been lapped up far and wide by consumers across the globe. The company delivered a robust double-digit growth led by Covid-19 and its growth was broad-based over regions and products. The management has continued its strategic investments in indirect and direct channels to reach out to new customers. In Germany, the company launched Avira Identity assistant, which includes localized s
NortonLifeLock has had a strong financial performance for the trailing twelve-month period and is benefitting from a strong macro for consumer cybersecurity particularly after the increased use of personal PCs as a result of the pandemic. The management continued to drive improvements across several key business areas and delivered a double-digit growth on both the top and bottom lines in the recent quarter. NortonLifeLock demonstrated a broad-based growth profile that reflected diversification
NortonLifeLock is heavily benefitting from a strong macro for cybersecurity and had yet another strong quarter. The company continued to drive improvements across several key business areas and delivered a double-digit growth on both the top and bottom lines. In the third quarter, revenue and bookings increased by 12% and 11%, respectively and NortonLifeLock demonstrated a broad-based growth profile that reflected diversification across their product portfolio, channels, and geographies. The com
NortonLifeLock continued to grow steadily in the second quarter, with revenue up 11% and bookings increasing in the high single digits. The company is focused on improving customer experience, scaling its integrated cyber safety platform, and speeding up product innovation from core security to trust-based digital solutions to drive growth. They started the quarter by releasing Norton Utilities Ultimate, a new performance maintenance product that helps users have a faster, smoother, and more sec
Norton LifeLock Inc. has started the 2022 fiscal with a bang after a solid set of results for Q1 despite the unpredictable macro-environment and the transition to a post-pandemic environment in several parts of the world. The company has shown significant growth of 12% and 13% in their bookings and revenue, respectively, and EPS grew by 35%. Also, the management went on to launch Norton Crypto, a digital currency platform that allows users to track, transfer and store earnings in the cloud with
NortonLifeLock achieved our target price after it reported a strong fourth quarter of 2021 and managed to beat the analyst estimates with better-than-expected results. This outperformance was primarily driven by impressive customer growth with the company adding 2 million new customers in Q4 alone. In addition, the company also approved a share repurchase program of $1.5 billion. NortonLifeLock is expected to benefit from consolidation in its core markets, international expansion, and upselling
Companies: NortonLifeLock Inc.
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