NortonLifeLock Inc. Stock Research

NLOK Alerts

Big jump in Revenue (Y/Y)

NLOK Stock Price

NLOK RSI Chart

NLOK Valuation

Market Cap

14.5B

Price/Earnings (Trailing)

26.09

Price/Sales (Trailing)

4.65

EV/EBITDA

21.66

Price/Free Cashflow

19.22

NLOK Price/Sales (Trailing)

NLOK Profitability

Operating Margin

83.91%

EBT Margin

23.69%

Return on Equity

42.29%

Return on Assets

3.57%

Free Cashflow Yield

5.2%

NLOK Fundamentals

NLOK Revenue

Revenue (TTM)

3.1B

Revenue Y/Y

33.33%

Revenue Q/Q

25.13%

NLOK Earnings

Earnings (TTM)

554.0M

Earnings Y/Y

-18.32%

Earnings Q/Q

139.13%

Price Action

Last 7 days

-3.9%

Last 30 days

4.7%

Last 90 days

-11.3%

Trailing 12 Months

-11.7%

NLOK Financial Health

Current Ratio

0.48

Debt/Equity

7.68

Debt/Cashflow

0.08

NLOK Investor Care

Dividend Yield

2.21%

Dividend/Share (TTM)

0.5

Shares Dilution (1Y)

9.79%

Diluted EPS (TTM)

0.9

Peers (Alternatives to NortonLifeLock)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.1T	204.1B	-1.92%	-6.89%	30.5	10.08	10.38%	-5.25%
ORCL	228.6B	46.1B	-7.20%	4.35%	25.98	4.96	11.29%	-14.28%
CRM	186.7B	31.4B	6.91%	-6.75%	897.78	5.96	19.41%	-85.60%
ADBE	163.2B	17.6B	-11.04%	-20.88%	34.32	9.27	11.54%	-1.37%
ZM	20.9B	4.4B	-7.13%	-28.23%	201.15	4.75	7.15%	-92.46%
AZPN	12.1B	-	-3.12%	49.09%	44.35	17.39	-	-
MID-CAP
PLAN	9.6B	631.5M	-1.97%	16.85%	-45.68	15.19	33.30%	-26.60%
MANH	8.9B	767.1M	-2.98%	9.04%	69.2	11.63	15.59%	16.73%
GWRE	6.5B	869.9M	3.14%	-9.62%	-33	7.53	13.87%	-103.37%
APPN	3.1B	468.0M	2.00%	-15.48%	-20.53	6.62	26.74%	-70.26%
PING	2.4B	308.3M	1.17%	7.67%	-23.16	7.93	13.75%	-237.98%
SMALL-CAP
ZUO	1.2B	383.7M	4.07%	-32.35%	-9.91	3.24	14.43%	-50.89%
YEXT	1.2B	399.9M	30.95%	57.36%	-14.32	2.91	4.73%	8.15%
UPLD	152.1M	317.3M	-43.48%	-70.17%	-2.22	0.48	5.06%	-17.52%

Financials for NortonLifeLock

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	8.1%	3,107	2,873	2,817	2,796	2,752
Gross Profit	6.6%	2,607	2,446	2,409	2,388	2,346
Operating Expenses	6.3%	1,608	1,513	1,430	1,383	1,204
S&GA Expenses	3.6%	662	639	622	622	614
R&D Expenses	12.3%	284	253	246	253	262
EBITDA	4.1%	1,094	1,051	1,274	1,302	-
EBITDA Margin	-3.7%	0.35*	0.37*	0.45*	0.47*	-
Earnings Before Taxes	-5.8%	736	781	1,019	1,042	1,235
EBT Margin	-12.9%	0.24*	0.27*	0.36*	0.37*	-
Interest Expenses	0.8%	123	122	120	125	-
Net Income	-6.3%	554	591	855	836	910
Net Income Margin	-13.3%	0.18*	0.21*	0.30*	0.30*	-
Free Cahsflow	-3.0%	752	775	924	968	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-2.4%	15,503	15,882	6,247	6,943	6,873
Current Assets	-15.2%	1,376	1,622	1,629	2,260	2,157
Cash Equivalents	-25.8%	812	1,095	1,291	1,887	1,771
Net PPE	-3.7%	104	108	56.00	60.00	63.00
Goodwill	0.0%	10,124	10,126	2,861	2,873	2,876
Liabilities	0.1%	14,193	14,184	6,546	7,036	6,971
Current Liabilities	1.9%	2,878	2,825	2,624	3,065	2,883
Long Term Debt	202.2%	10,058	3,328	3,736	3,843	-
LT Debt, Current	33.1%	233	175	614	1,000	1,086
LT Debt, Non Current	-0.5%	9,831	9,883	2,714	2,736	2,757
Shareholder's Equity	-22.9%	1,310	1,698	-93.00	-98.00	-
Retained Earnings	9.9%	-1,500	-1,665	-1,734	-1,940	-2,060
Accumulated Depreciation	2.1%	527	516	515	518	-
Shares Outstanding	-3.3%	639	661	571	582	582

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-3.1%	759	783	931	974	1,004
Share Based Compensation	26.7%	114	90.00	74.00	70.00	66.00
Cashflow From Investing	0.0%	-6,536	-6,533	331	326	83.00
Cashflow From Financing	-9.4%	4,847	5,349	-1,184	-333	-361
Dividend Payments	2.7%	307	299	300	303	303
Buy Backs	123.8%	904	404	300	0.00	166

Risks for NLOK

What is the probability of a big loss on NLOK?

70.8%

Probability that NortonLifeLock stock will be more than 20% underwater in next one year

29.6%

Probability that NortonLifeLock stock will be more than 30% underwater in next one year.

26.1%

Probability that NortonLifeLock stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NLOK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if NortonLifeLock was unfortunately bought at previous high price.

Drawdowns

Returns for NLOK

Cumulative Returns on NLOK

12.0%

10-Year Cumulative Returns

14.6%

7-Year Cumulative Returns

7.0%

5-Year Cumulative Returns

16.8%

3-Year Cumulative Returns

What are the long-term rolling returns for NLOK?

FIve years rolling returns for NortonLifeLock.

Annualized Returns

Which funds bought or sold NLOK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	49.73	3,686,000	9,900,000	0.01%
2023-03-07	Great Lakes Retirement, Inc.	new	-	538,540	538,540	0.14%
2023-03-06	Rockefeller Capital Management L.P.	added	21.1	263,000	1,174,000	0.01%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-1,000	-	-%
2023-02-28	Voya Investment Management LLC	reduced	-2.06	9,613,740	197,338,000	0.28%
2023-02-28	Trust Investment Advisors	reduced	-30.62	-185,015	520,985	0.49%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-92.8	-2,482,860	206,135	-%
2023-02-24	National Pension Service	new	-	25,790,300	25,790,300	0.05%
2023-02-24	NATIXIS	added	27.53	279,685	1,067,680	0.01%
2023-02-23	Portman Square Capital LLP	new	-	773,623	773,623	0.06%

Latest Funds Activity

Are funds buying NLOK calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own NLOK

No. of Funds

NLOK Alerts

Big jump in Revenue (Y/Y)

NortonLifeLock News

Schedule 13G FIlings of NortonLifeLock

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	10.55%	68,698,555	SC 13G/A
Jul 08, 2022	capital world investors	2.3%	13,268,862	SC 13G/A
Feb 11, 2022	capital world investors	9.1%	53,009,164	SC 13G/A
Feb 10, 2022	vanguard group inc	10.99%	63,970,609	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 07, 2022	blackrock inc.	8.0%	46,285,465	SC 13G/A
Feb 16, 2021	capital world investors	10.6%	62,704,639	SC 13G/A
Feb 10, 2021	vanguard group inc	10.66%	63,109,995	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G
Feb 05, 2021	blackrock inc.	8.2%	48,373,601	SC 13G/A

NLOK Fair Value

NortonLifeLock fair value in different scenarios

The table shows the Fair Value estimates for NortonLifeLock for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	12.70 -	18.19 -	24.37 -	30.31 -	35.51 -
Current Inflation	11.74 -	16.50 -	21.73 -	26.73 -	31.11 -
Very High Inflation	10.53 -	14.43 -	18.58 -	22.53 -	25.98 -

Historical NortonLifeLock Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of NortonLifeLock

View All Filings

Date Filed	Form Type	Document
Feb 21, 2023	4	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 06, 2023	10-Q	Quarterly Report
Feb 02, 2023	8-K	Current Report
Dec 16, 2022	4	Insider Trading

Latest Insider Trading transactions for NLOK

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-11-10	Vlcek Ondrej	acquired	3,163,860	22.63	139,808	president
2022-10-10	Vlcek Ondrej	acquired	-	-	130,045	president
2022-09-15	Vlcek Ondrej	bought	10,000,000	21.907	456,475	president
2022-09-13	Hao Kenneth	acquired	20,851	3.49266	5,970	-
2022-09-13	BRANDT ERIC	acquired	-	-	5,010	-
2022-09-13	BRANDT ERIC	acquired	-	-	16,980	-
2022-09-13	BRANDT ERIC	acquired	-	-	11,970	-
2022-09-13	Barsamian Sue	acquired	-	-	14,272	-
2022-09-13	Barsamian Sue	acquired	-	-	5,969	-
2022-09-13	Baudis Pavel	acquired	-	-	11,970	-

About NortonLifeLock

Vincent Pilette

www.symantec.com

2800

NortonLifeLock Inc. provides cyber safety solutions for consumers worldwide. The company offers Norton 360, an integrated platform provides extensive cyber safety coverage and a subscription service providing protection for PCs, Macs, and mobile devices against malware, viruses, adware, ransomware, and other online threats on various platforms; and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers. It also provides Norton Secure VPN solution enhances security and online privacy by providing an encrypted data tunnel; Privacy Monitor Assistant, an on-demand, white glove service where agents help members delete personal information from data brokers online; Home Title Protect product detects fraud and notifies members; and Avira Security, a consumer-focused portfolio of cybersecurity and privacy solutions. The company markets and sells its products and related services through retailers, telecom service providers, hardware original equipment manufacturers, and employee benefit providers, as well as e-commerce platform. It operates in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company was formerly known as Symantec Corporation and changed its name to NortonLifeLock Inc. in November 2019. NortonLifeLock Inc. was founded in 1982 and is headquartered in Tempe, Arizona.

NLOK Income Statement

2022-09-30

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2022	Oct. 01, 2021	Sep. 30, 2022	Oct. 01, 2021
Income Statement [Abstract]
Net revenues	$ 748	$ 692	$ 1,455	$ 1,378
Cost of revenues	119	100	221	202
Gross profit	629	592	1,234	1,176
Operating expenses:
Sales and marketing	167	150	323	306
Research and development	73	66	134	134
General and administrative	110	63	214	108
Amortization of intangible assets	29	21	50	42
Restructuring and other costs	9	5	11	12
Total operating expenses	388	305	732	602
Operating income (loss)	241	287	502	574
Interest expense	(48)	(31)	(79)	(63)
Other income (expense), net	2	177	1	174
Income (loss) before income taxes	195	433	424	685
Income tax expense (benefit)	126	100	155	171
Net income (loss)	$ 69	$ 333	$ 269	$ 514
Net income (loss) per share - basic (in dollars per share)	$ 0.12	$ 0.57	$ 0.46	$ 0.88
Net income (loss) per share - diluted (in dollars per share)	$ 0.12	$ 0.56	$ 0.45	$ 0.87
Weighted-average shares outstanding:
Basic (in shares)	590	582	583	581
Diluted (in shares)	595	591	599	591

NLOK Balance Sheet

2022-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Apr. 01, 2022
Current assets:
Cash and cash equivalents	$ 1,095	$ 1,887
Short-term investments	0	4
Accounts receivable, net	152	120
Other current assets	345	193
Assets held for sale	30	56
Total current assets	1,622	2,260
Property and equipment, net	108	60
Operating lease assets	50	74
Intangible assets, net	3,332	1,023
Goodwill	10,126	2,873
Other long-term assets	644	653
Total assets	15,882	6,943
Current liabilities:
Accounts payable	66	63
Accrued compensation and benefits	111	81
Current portion of long-term debt	175	1,000
Contract liabilities	1,597	1,264
Current operating lease liabilities	24	18
Other current liabilities	852	639
Total current liabilities	2,825	3,065
Long-term debt	9,883	2,736
Long-term contract liabilities	87	42
Deferred income tax liabilities	392	75
Long-term income taxes payable	913	996
Long-term operating lease liabilities	41	75
Other long-term liabilities	43	47
Total liabilities	14,184	7,036
Commitments and contingencies (Note 18)
Stockholders’ equity (deficit):
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 661 and 582 shares issued and outstanding as of September 30, 2022 and April 1, 2022, respectively	3,378	1,851
Accumulated other comprehensive income (loss)	(15)	(4)
Retained earnings (accumulated deficit)	(1,665)	(1,940)
Total stockholders’ equity (deficit)	1,698	(93)
Total liabilities and stockholders’ equity (deficit)	$ 15,882	$ 6,943