NLOK - NLOK STOCK NEWS

NortonLifeLock has announced that its Norton Security Universal Windows Platform (UWP) app will be pre-installed on select Lenovo laptops, enhancing security for users. This collaboration, which spans over two decades, aims to protect Lenovo's 5G-connected devices, including the Yoga 5G and IdeaPad 5G models. With 225 million 5G subscriptions reported as of December 2020, the demand for robust security is increasing. Key features of the Norton Security app include browser protection, secure VPN, and Dark Web Monitoring. The laptops featuring this app are available now in select markets.

NortonLifeLock’s Norton Labs released its Consumer Cyber Safety Pulse Report for Q2 2021, analyzing cybersecurity threats from April to June. The report highlighted that Norton thwarted 23.7 million phishing attempts, with tech support, survey, and supplement scams as the most prevalent. Additionally, Norton blocked 909 million Cyber Safety threats, including 56 million file-based malware and 85,339 ransomware detections. Notable findings reveal a vast online tracking ecosystem involving 171,140 organizations, misuse of encrypted chat apps for illegal sales, and vulnerabilities targeting gamers through compromised drivers.

NortonLifeLock disclosed relevant securities as of July 14, 2021, under Rule 2.9 of The City Code on Takeovers and Mergers. The company has 581,268,221 shares of common stock, each with a par value of USD 0.01, and no treasury shares. Additionally, it has USD 625 million in Senior Unsecured Convertible Notes with a 2.000% interest rate due in August 2022. The press release highlights the need for Opening Position Disclosures for those interested in 1% or more of the relevant securities and outlines the rules for Dealing Disclosures as per the regulations.

NortonLifeLock has confirmed it is in advanced discussions with Avast regarding a potential merger. This combination aims to unite two companies with aligned visions and complementary business profiles, focused on enhancing digital safety for consumers. A cash and share offer may be proposed for Avast's entire share capital, although no firm offer has yet been made. NortonLifeLock must announce its intentions by August 11, 2021, while noting that there’s no certainty an offer will occur. Further updates are expected as discussions progress.

NortonLifeLock (NASDAQ: NLOK) will release its fiscal 2022 Q1 financial results on July 27, 2021, after market close. Following the results announcement, a conference call and webcast will be held at 2 p.m. PDT / 5 p.m. EDT, providing insights into the company's performance. Investors and stakeholders can access the call via the company's investor relations website. NortonLifeLock is recognized as a leading provider in consumer Cyber Safety, dedicated to protecting and empowering users in the digital space.

NortonLifeLock (NASDAQ: NLOK) has launched Norton Utilities Ultimate, designed to enhance performance for gaming, browsing, and streaming on Windows PCs. This offering builds on the existing Norton Utilities Premium product and introduces features such as NetBooster, System Restore, System Privacy, Search & Recover, and On-Demand Boost. Available in the U.S., Australia, and New Zealand, it starts at $69.99/year. The new utility aims to optimize PC performance while safeguarding sensitive information.

NortonLifeLock (NASDAQ: NLOK) released findings from a global study on online creeping behaviors, revealing significant generational differences in cyber stalking among Americans. Notably, 60% of Gen Z and Millennials admit to online stalking compared to 24% of those 40 and older. Alarmingly, 42% of younger Americans believe their partner might use stalkerware. The study indicates that 35% of young adults see no harm in online stalking, while one in ten admit to using apps to monitor their partners. NortonLifeLock emphasizes the rising threat of stalkerware, with a 63% increase in affected devices over recent months.

NortonLifeLock (NASDAQ: NLOK) has announced new privacy offerings aimed at enhancing consumer online safety. The company introduced upgrades to its Norton Secure VPN, which now features Compromised Network Detection, a Kill Switch, and Split Tunneling for improved user security. Additionally, the Privacy Monitor Assistant service has been made available as a standalone product. Norton is responding to concerns highlighted in the 2021 Norton Cyber Safety Insights Report, which stated that over half of consumers lack knowledge on online privacy protection. These initiatives may bolster Norton’s position in the Cyber Safety market.

Norton Labs, part of NortonLifeLock, released its first Consumer Cyber Safety Pulse Report, highlighting key cybersecurity trends from Q1 2021. Phishing remains the top threat, with 49.6 million attempts detected. Notable spikes in illicit coinmining and ransomware, up 35% since late 2020, are driven by cryptocurrency's popularity. Additionally, cybercriminals are increasingly targeting gamers with malicious software, and instances of stalkerware grew by 20%. The report emphasizes the ongoing evolution of cyber threats in a post-pandemic landscape.