NortonLifeLock (NLOK) Receives a Hold from Oppenheimer
Oppenheimer analyst Shaul Eyal maintained a Hold rating on NortonLifeLock (NLOK) today. The company’s shares closed last Monday at $19.53.
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 24.9% and a 73.1% success rate. Eyal covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Ping Identity Holding.
NortonLifeLock has an analyst consensus of Moderate Buy, with a price target consensus of $24.70.
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Based on NortonLifeLock’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $626 million and net profit of $64 million. In comparison, last year the company earned revenue of $608 million and had a net profit of $785 million.
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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. The Consumer Digital Safety segment provides solutions to protect information, devices, networks and the identities of consumers. The company was founded by Gary Hendrix in April 1982 and is headquartered in Mountain View, CA.