NLOK - NLOK STOCK NEWS

NortonLifeLock (NASDAQ: NLOK) released its Consumer Cyber Safety Pulse Report for Q3 2022, revealing significant cybersecurity threats faced by consumers. The report highlights over 750 million cyber threats blocked, including 25.2 million phishing attempts and 103.7 million file threats. Cybercriminals are leveraging stolen login credentials and scam e-shops, leading to $392 million in online shopping fraud losses in 2021. Additionally, 80% of websites share sensitive search terms with advertisers, raising privacy concerns. Norton advises using FIDO U2F tokens for safer authentication.

NortonLifeLock (NASDAQ: NLOK) will release its fiscal 2023 second quarter financial results on November 8, 2022, after market close. The company's management will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET to discuss the results. Investors can access the details via the Investor.NortonLifeLock.com website. NortonLifeLock continues to position itself as a leader in consumer Cyber Safety.

Norton, a Cyber Safety brand of NortonLifeLock (NASDAQ: NLOK), is participating in Cybersecurity Awareness Month, advocating for safe online practices. The campaign, themed "It's Easy to Stay Safe Online," offers education on cybersecurity. Norton's insights will be shared at the National Cyber Security Alliance virtual event on October 6, 2022. Key activities include panel discussions and a Twitter chat, focusing on enhancing online safety through practical steps. Throughout the month, Norton will promote four essential behaviors for cybersecurity to empower consumers.

NortonLifeLock (NASDAQ: NLOK) has successfully completed its acquisition of Avast, enhancing its position in the Cyber Safety sector. Shareholders of Avast had options for stock and cash, amounting to an aggregate consideration of approximately $5.97 billion, with Avast shares suspended from trading on September 12, 2022. The combined company, NortonLifeLock, aims to redefine Cyber Safety for consumers and small businesses. A new name and ticker symbol will be announced soon, reflecting their integrated vision.

NortonLifeLock, a leader in consumer Cyber Safety, announced the approval of its merger with Avast plc, set to close on September 12, 2022. The U.K. Competition and Markets Authority has issued its final report, allowing the transaction to proceed. The merger involves NortonLifeLock's subsidiary, Nitro Bidco Limited, acquiring all issued shares of Avast. This strategic acquisition aims to enhance NortonLifeLock's market position and service offerings in Cyber Safety. More details about the transaction can be found on their investor relations website.

NortonLifeLock Inc. (NASDAQ: NLOK) released its 2022 Environmental, Social and Governance (ESG) Report, detailing its commitments to corporate responsibility. The fiscal year 2022 saw charitable contributions of $4.7 million, with a commitment of $1 million to Surf Smart 2.0, promoting online safety for young women. The company increased workforce diversity, achieving 33% female representation and 17% for underrepresented racial groups. It also reported a 39% reduction in Scope 1 and 2 greenhouse gas emissions. NortonLifeLock received accolades for its corporate citizenship from various ESG benchmarks.

NortonLifeLock (NASDAQ: NLOK) announces the launch of a new podcast titled '5-Factor Authentication,' hosted by actor and tech enthusiast Hill Harper. The podcast explores the impact of technology on our daily lives and aims to foster discussions on Cyber Safety. Each episode will feature guests from the tech industry who share their success stories and insights into the evolving relationship between humans and technology. The first episodes are set to be released on August 11, 2022, available on major platforms like Apple and Spotify.

NortonLifeLock Inc. (NASDAQ: NLOK) reported a 3% increase in Q1 Fiscal Year 2023 GAAP revenue, totaling $707 million, alongside a 6% rise in diluted EPS to $0.33. The company achieved its 12th consecutive quarter of bookings growth, reaching $663 million. Provisional approval for the acquisition of Avast plc by the U.K. Competition and Markets Authority has been granted, with the merger expected to close by early October 2022. For Q2, non-GAAP revenue guidance is projected between $695-$705 million, factoring in a $30 million foreign exchange headwind.

NortonLifeLock's Norton Labs released the Consumer Cyber Safety Pulse Report, revealing that 75% of phishing sites imitate Facebook. The report highlights the tactics cybercriminals use on social media, including classic login phishing and innovative scams targeting users with account lockouts and verified badge prompts. Between April and June 2022, Norton blocked over 900 million threats, including 22.6 million phishing attempts. The analysis underscores the importance of vigilance in identifying scams and the need for robust digital security measures.