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NortonLifeLock (NASDAQ: NLOK) has unveiled a new brand promise and visual identity aimed at empowering consumers in a climate of growing cybercrime fears. The rebranding reflects Norton's evolution from antivirus provider to comprehensive Cyber Safety advocate, catering to the changing needs of users. Key highlights include a brighter design, a simplified user experience, and an identity that bridges the brand's heritage with its future goals. This transformation positions Norton as a trusted ally in digital safety, resonating with 58% of consumers who feel increasingly worried about cyber threats.
NortonLifeLock Inc. (NASDAQ: NLOK) reported Q2 fiscal 2022 results with revenue of $692 million, marking an 11% year-over-year increase. GAAP diluted EPS reached $0.56, up 100%, while operating margin improved to 41.5%. Non-GAAP revenue was $695 million, with a diluted EPS of $0.43. The direct customer count rose to 23.3 million, up 2.6 million.
Guidance for Q3 indicates expected non-GAAP revenue between $695-$705 million and EPS of $0.42-$0.44. A quarterly dividend of $0.125 per share was declared for December 15, 2021.
NortonLifeLock Inc. (NASDAQ: NLOK) is set to release its fiscal 2022 second quarter financial results on November 4, 2021, after market close. This will be followed by a management conference call at 2 p.m. PT / 5 p.m. ET. The company, a leader in consumer Cyber Safety, aims to empower people to live safely in a digital world. This announcement highlights NLOK's ongoing commitment to transparency and investor engagement.
NortonLifeLock (NASDAQ: NLOK) launched Norton™ AntiTrack on Oct. 5, 2021, enhancing privacy solutions for consumers. This new application and browser extension offer features like anti-fingerprint capabilities, tracker cookie blocking, faster browsing, and a tracking dashboard to combat online tracking. Norton AntiTrack is priced at $39.99 annually for existing customers and $49.99 for new users. Additionally, the company introduced PayDay Loan Lock, a feature that helps protect against fraudulent payday loans, now included in select LifeLock plans.
NortonLifeLock (NASDAQ: NLOK) is actively participating in Cybersecurity Awareness Month 2021 with its campaign 'Do Your Part. #BeCyber Smart.' The initiative emphasizes individual responsibility in online safety. NortonLifeLock will engage in various events, including the 'Cybersecuring America' virtual event on October 7 and the Nasdaq Cybersecurity Summit on October 27. The company aims to empower consumers by sharing resources on device security, online privacy, and identity theft protection. NortonLifeLock blocks around 9 million cyber threats daily.
NortonLifeLock (NASDAQ: NLOK) has released its 2021 Environmental, Social, and Governance (ESG) Report, detailing its commitments to Corporate Responsibility. The report outlines five priority ESG issues: Cyber Safety Education, Data Privacy, Diversity, Talent Development, and Climate initiatives. In the past year, the company donated over $4 million in products to enhance digital security for communities. Achievements include a 52% reduction in greenhouse gas emissions and recognition in multiple ESG benchmarks. The company continues to strive for a safer, inclusive digital future.
NortonLifeLock (NASDAQ: NLOK) released a study revealing American consumers' online behavior during the pandemic. Findings indicate that 31% of Americans feel addicted to being online, and over half (53%) report increased screen time. While 66% acknowledge excessive screen time, 20% have not taken precautions against security risks associated with connected devices. The report shows a growing concern for cyber safety, with 87% of consumers saying they would act if their device were hacked. The study underscores the importance of online safety education for children, with 90% believing screen addiction is prevalent among youth.
NortonLifeLock (NASDAQ: NLOK) has agreed to merge with Avast, valuing the latter's shares between USD 8.1B and USD 8.6B. The deal involves cash and newly issued NortonLifeLock shares. The merger aims to create a leading cybersecurity business with over 500 million users, enhancing product offerings in identity and privacy. The combined entity expects approximately USD 280 million in annual cost synergies and estimated double-digit EPS accretion within the first year. NortonLifeLock’s CEO Vincent Pilette will lead the new organization, with dual headquarters in Prague and Tempe.
NortonLifeLock (NASDAQ: NLOK) has launched new features for Norton Family, enhancing parental supervision with location-based alerts as children return to in-person schooling. Key features include Favorite Locations, which notifies parents of their child's movements, and Alert Me, allowing scheduled check-ins. The initiative emphasizes the importance of early discussions about Cyber Safety among families, addressing risks such as online predators and cyberbullying. Norton Family, available online and through retailers, aims to provide comprehensive protection for children's online activities.
NortonLifeLock Inc. (NASDAQ: NLOK) reported strong Q1 results for fiscal year 2022, with GAAP revenue of $686 million, reflecting a 12% YoY increase. GAAP diluted EPS rose 29% to $0.31, while operating margin improved to 41.8%. Non-GAAP revenue hit $691 million, up 13%, and diluted EPS reached $0.42, a 35% increase. The company expects Q2 revenue between $690 million and $700 million, projecting 10% to 12% growth. A quarterly cash dividend of $0.125 per share will be paid on September 15, 2021.
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