NortonLifeLock (NLOK) is a Top-Ranked Growth Stock: Should You Buy?

·2 min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

NortonLifeLock (NLOK)

Based in Tempe, AZ, NortonLifeLock Inc. was founded in 1982. The company was formerly known as Symantec Corporation. However, following the sale of its enterprise business to Broadcom Inc. in November 2019, the company changes its name to NortonLifeLock.

NLOK sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 3.4% and 1.4% year-over-year, respectively.

One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $1.81 per share for 2023. NLOK boasts an average earnings surprise of 2.9%.

Looking at cash flow, NortonLifeLock is expected to report cash flow growth of 19.9% this year; NLOK has generated cash flow growth of 4.2% over the past three to five years.

Investors should take the time to consider NLOK for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

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