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NortonLifeLock Inc. (NLOK)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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20.66-0.01 (-0.05%)
At close: 4:00PM EST

20.71 +0.05 (0.24%)
After hours: 6:22PM EST

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  • D
    David
    Cramer mentioned $NLOK as possible takeover target in 2021. Anyone have intel?
  • T
    Thomas
    How about we make this a meme stock?
  • J
    Jinesh
    Is this company sleeping? It does not move a single penny..
  • S
    Str8$Homie
    This stock CANNOT stay above 21 to save its life...frustrating!
  • S
    Sadiq
    Don't let sideway churn and misinfo distract you from $NLOK value and a strong investment thesis. Here's what Jim Cramer said: "NortonLifeLock (NLOK), a very cheap stock with a good dividend ripe for a takeover, will protect your personal data," on the consumer side of cybersecurity

    https://realmoney.thestreet.com/investing/stocks/jim-cramer-10-investment-themes-i-like-in-2021-15529044
    I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
    I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
    realmoney.thestreet.com
  • G
    Gabjoey
    Latest excerpts taken from Action Alerts: PT $27
    In the company's press release that you can see here, the company outlined five strategic and financial benefits from the deal. They are:

    Advances NortonLifeLock's aspiration to bring cybersafety to everyone.
    Accelerates international growth in Europe and key emerging markets.
    Brings freemium business model and more than 30 million active devices to the Norton family.
    Adds approximately three points of growth to revenue with more than 1.5 million paying customers.
    Financially accretive in the first year, to achieve approximately 50% operating margin post-synergies.
    What we are seeing from NortonLifeLock now is some offense. The company is a little more than one year removed from completing the sale of its enterprise security business to Broadcom (AVGO) , and in this transformation period management successfully focused on the elimination of stranded costs to boost margins and strategic investments to grow the subscriber count in support of durable growth.

    With plenty of cash on hand, margins high, and free cash flow generation strong, this deal could mark the beginning of several more moves to consolidate a fragmented anti-virus industry that NortonLifeLock is already the global market leader in. And we find it hard not to like this deal, because it increases the company presence in underpenetrated international markets and brings more paying customers into the fold. Analysts at Barclays estimate this deal will add about 1% of market share in global consumer endpoint security to NLOK's already leading roughly 28%.

    NortonLifeLock will also gain an element of a freemium business model through this acquisition. Analysts at RBC Capital liked this aspect and said in a research note Monday that this business model "could potentially be explored further by NortonLifeLock, optimized for better international scale, or undergo a monetization event at some point, likely a number of years from now."

    Lastly, it sounds like management will be quick in generating synergies and in getting margins back up to the 50% level that we think help makes NLOK an underappreciated asset.

    We continue to find NLOK attractive with shares trading at low teens earnings multiple and offering a dividend yield of about 2.54%.
  • J
    Jeff
    It's always cool how, when CNBC discusses cybersecurity stocks, NLOK is never a mention. It's Fireeye, Crowdstrike, etc. But not us ...
  • P
    PSH
    Nice to see this stock popping from its September low of 18. The lowest price target for this stock is over 22 and it is still trading below that. It is always a good sign when analysts raise target prices while the stock was underperforming, which is the case for NLOK. Still got a long runway ahead of it for growth.
  • a
    ananda
    A question about the dividend that we got beginning this year … How will be it taxed? 15-20%?? I didn't invest in tax savings bonds or reinvested
  • D
    Dave
    What did I say a few weeks ago?Too late for those that didn’t listen ha 🚀 I’m in at 18 and holding. Should continue to run up to at least 24.
  • C
    Crecy
    More Good Mention by Cramer to members of Action Alerts.
  • G
    Gabjoey
    Russian attacks hit MS users- gov’t, enterprise and consumers.. Ul, Europe, US, Mexico.. The list goes on.. Seems the Russians have been in Select gov’t agencies for over 9months.. The need for security has never been greater.. Govt, Corporations, and consumers.. Watch Norton fly.
  • S
    Sadiq
    Nice to see NLOK in growth mode, and even better to see that the company is making smart accretive acquisitions to grow the company's international footprint. NLOK was really mismanaged by Symantec when SYMC was using the consumer cybersecurity side to drain cash rather than generate long-term profits and growth in cash flow.
  • G
    Gabjoey
    11/25/2020: Price target $27.
    NortonLifeLock, stock has been very disappointing lately, not participating in the reopening rotations because the company does not benefit from the recovery in the industrial/reopened economy, and it has sat out rallies in the stay-at-home stocks. Although NLOK does not exactly fit into the "themes" the market is currently trading on, being out of favor over the past few months is not a reason to give up on this special situation which is about a new management team turning around the business and investing for sustainable growth.

    Indeed, investors were hoping to see management provide stronger guidance that implied more sequential growth and the sequential deceleration in net new customer adds represented another blemish to the growth story. However, after years of subscriber losses it appears that this new management team has developed a customer addition formula that works as evidenced by their now two consecutive quarters of net adds on a year-over-year basis and five consecutive quarters of mid-single digit billings growth. We expect this trend will continue into the holiday season quarter. Plus, we like how the company is now running operating margins at +50%, an attractive level that was made possible through the rapid elimination of stranded costs related to the Symantec sale.

    As we wait for the turnaround to regain the appreciation of the market, we like how the now 2.77% dividend yield pays us for our patience. Thinking further about capital returns, it is always worth remembering that the balance sheet of this strong free cash flow generator has plenty of capacity to it and the more than $500 million remaining on the share repurchase program could provide support to the stock should management chose to deploy its capital opportunistically.
  • S
    Sadiq
    I'm holding for at least 25 price per share. Consumer cybersecurity has several revenue and cost synergies with a number of industries, including other software, cable/telecom service providers, computing hardware, and enterprise cybersecurity. NLOK is paying 300M in dividends and 200M in licensing/cybersecurity R&D to Broadcom. When IHS Markit sold for 44B (and it has 4.3B in annual revenue), that was a signal that NLOK is woefully undervalued.
  • t
    that
    ** FELLOW NLOK HOLDERS :
    Do you think they will do another one-time special dividend this January, like last year?
  • J
    John
    Comcast/Xfinity stopped providing Norton anti-virus for free as part of their subscription plan. I would think the Norton paid subscriber base would be increasing dramatically as most people will want to maintain their virus protection,
  • O
    Only the educated are free
    doing some research. like what i see so far. dividend dividend
  • G
    Gabjoey
    NortonLifeLock is an industry leading and worldwide recognized user-centric Consumer Cyber Safety business which provides Device Security, Identity Threat Protection and Privacy software that protects customers from threats posed by cyber criminals. With Covid-19 accelerating online activity and working from home, NortonLifeLock is in a great position to meet the growing consumer need for cyber safety. Management is meeting this opportunity with a step up in marketing spend, especially in international markets, and if we see good yields on this investment it will lead to an improved growth profile and higher average revenue per users (ARPU). With 90% of sales being direct to consumer through the company's e-commerce platform, operations are largely insulated from brick and mortar restrictions related to Covid-19. Additionally, one of management's goals following the sale of its the enterprise division to Broadcom is to eliminate stranded costs by August 2020 and sell underutilized assets. Management has made great progress with this goal, reducing about 70% of its stranded costs as of the May quarter and generating $750 million in cash from the sale of two smaller businesses. But there are still moves to be made, including the sale of real estate that is worth an additional $750 million. Longer term, management is committed to growing at a low to mid-single digit percent, achieving a 50% operating margin, and with share count reduction made possible by a clean balance sheet, delivering $1.50 earnings per share. Target Price: $27
  • S
    Sadiq
    Cybersecurity and identity/access management stocks are down today. I believe that NLOK signed a licensing agreement with Broadcom to share cybersecurity R&D for 200M. Between NLOK's 300M in yearly dividends, cybersecurity R&D, and 50M subscribers, cybersecurity companies like CRWD, FTNT, etc. have to be taking a hard look at NLOK for revenue and cost synergies. With school at home and online learning, there is a new generation of desktop users that will need cybersecurity for the long-haul.