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NortonLifeLock (NASDAQ: NLOK) has launched a new feature called Game Optimizer to enhance gaming performance by reallocating CPU resources, enabling smoother gameplay without sacrificing security. The tool is designed specifically for gamers, ensuring they can enjoy uninterrupted sessions. Additionally, Norton 360 for Gamers customers will soon access Norton Crypto for cryptocurrency mining during idle PC time. Moreover, Dark Web Monitoring has expanded to 13 new countries, further enhancing user security. Game Optimizer is now available, aiming to provide gamers peace of mind amidst cyber threats.
NortonLifeLock (NASDAQ: NLOK) has launched Norton™ Crypto, a feature allowing users to mine Ethereum securely via the Norton™ 360 platform. Starting tomorrow, select early adopters can access this functionality. The service aims to mitigate risks inherent in crypto mining, such as security vulnerabilities and loss of earnings. Norton Crypto stores mined cryptocurrency in a cloud wallet, providing enhanced protection against hard drive failures. The feature will soon be available to all Norton 360 users.
NortonLifeLock (NASDAQ: NLOK) has been recognized by 3BL Media as one of the 100 Best Corporate Citizens for its excellence in environmental, social, and governance (ESG) practices. This marks the second consecutive year in the top 10 for the Software Services industry. The ranking assesses 146 factors across eight pillars including climate change and employee relations. CEO Vincent Pilette highlighted the company's commitment to sustainability and corporate responsibility, aiming to protect digital lives while fostering positive impacts for future generations.
NortonLifeLock Inc. (NASDAQ: NLOK) held its first Investor Day, unveiling its long-term strategy aimed at accelerating growth. Presentations highlight a revenue growth forecast of 8-10% for FY2022, with EPS guidance between $1.65 and $1.75. Over the next 3-5 years, the company targets double-digit revenue growth, EPS of approximately $3, and $1 billion in annual free cash flow. The Board authorized an additional $1.5 billion for share repurchases, bringing the total to $1.8 billion. Leadership emphasizes confidence in future growth and financial discipline.
NortonLifeLock Inc. (NASDAQ: NLOK) reported Q4 fiscal year 2021 results with GAAP revenue of $672 million, marking a 9% increase year-over-year. The GAAP diluted EPS rose 52% to $0.35, while non-GAAP revenue reached a record $677 million, up 11%. Operating margin improved to 50.5%, an increase of 900 basis points. The company added 2 million new customers and expects Q1 FY2022 non-GAAP revenue between $680-$690 million. A quarterly dividend of $0.125 was declared, and share repurchase authorization increased by $1.5 billion.
National PTA and NortonLifeLock have announced a significant extension of their partnership, with NortonLifeLock committing $1 million over two years to support local PTAs. This funding will be used to increase grant support from roughly 25 to nearly 180 PTAs each year, and to modernize 'The Smart Talk' program, which educates families on digital safety. The initiative aims to ensure accessibility and relevance in discussions regarding cyber safety, addressing current challenges such as cyberbullying and online privacy.
NortonLifeLock (NASDAQ: NLOK) will release its fiscal 2021 Q4 and full-year financial results on May 10, 2021, after market close. Subsequently, the company will hold its first Investor Day on May 11, 2021, featuring a live Q&A with CEO Vincent Pilette and CFO Natalie Derse to discuss long-term growth strategies. Key presentations will be available on-demand starting May 10 at 2 p.m. PDT.
NortonLifeLock's latest Cyber Safety Insights Report reveals a troubling rise in cybercrime, with nearly 330 million victims globally and over 55 million cases of identity theft in the past year. The report highlighted that Americans spent an estimated 719 million hours resolving cybercrime issues. Concerns about data privacy are high, with 88% expressing unease. A notable 77% of Americans have heightened their online security measures. The pandemic has exacerbated vulnerabilities, leading to increased digital risks, with 73% of Americans spending more time online and feeling more exposed to cyber threats.
NortonLifeLock (NASDAQ: NLOK) warns of a rise in tax-related phishing scams as the IRS tax filing extension approaches. The company highlights the surge in cybercriminal activity, noting up to 60 new phishing sites appear daily. These scams target consumers through deceptive communications impersonating the IRS, leading to potential identity theft. With over 57 million unemployment claims filed in the U.S. during the pandemic, criminals exploit personal data for fraudulent tax returns. NortonLifeLock provides essential Cyber Safety tips to help consumers protect their information.
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