NortonLifeLock (NLOK) Gets a Hold Rating from Robert W. Baird
In a report released today, Jonathan Ruykhaver from Robert W. Baird maintained a Hold rating on NortonLifeLock (NLOK). The company’s shares closed last Monday at $17.61, close to its 52-week low of $16.64.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 19.2% and a 74.6% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies, Varonis Systems, and Check Point.
NortonLifeLock has an analyst consensus of Moderate Buy, with a price target consensus of $23.43, which is a 32.0% upside from current levels. In a report issued on January 30, Evercore ISI also assigned a Hold rating to the stock.
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Based on NortonLifeLock’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $608 million and net profit of $785 million. In comparison, last year the company earned revenue of $1.21 billion and had a net profit of $65 million.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NLOK in relation to earlier this year.
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NortonLifeLock, Inc. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data.