NortonLifeLock achieved our target price after it reported a strong fourth quarter of 2021 and managed to beat the analyst estimates with better-than-expected results. This outperformance was primarily driven by impressive customer growth with the company adding 2 million new customers in Q4 alone. In addition, the company also approved a share repurchase program of $1.5 billion. NortonLifeLock is expected to benefit from consolidation in its core markets, international expansion, and upselling complete digital protection solutions. Moreover, the heightened threat environment causing individuals to seek a holistic solution to protect devices and identities is a major driver behind the strong performance. Overall, we expect this growth momentum to persist with the continuous growing partner ecosystem and penetration of international markets acting as green flags.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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