NortonLifeLock Inc


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SKU: NLOK Category:


Norton LifeLock Inc. has started the 2022 fiscal with a bang after a solid set of results for Q1 despite the unpredictable macro-environment and the transition to a post-pandemic environment in several parts of the world. The company has shown significant growth of 12% and 13% in their bookings and revenue, respectively, and EPS grew by 35%. Also, the management went on to launch Norton Crypto, a digital currency platform that allows users to track, transfer and store earnings in the cloud with utmost cybersecurity. Their global expansion efforts are well and their direct business is growing by double-digits across various countries, including the UK, Germany, France, Australia and New Zealand. Its direct customer count has already grown more than 150,000 sequentially, and if we include Avira, it crossed 2.5 million customers year-over-year, bringing its total direct customer count to 23.1 million in Q1. We expect this growth momentum to persist with the continuous growing partner ecosystem and penetration of international markets acting as green flags. We maintain our ‘Hold’ rating with a revised target price.

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
⦁ Disclosures

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