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NortonLifeLock Inc NLOK Stock Quote

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Morningstar‘s Stock Analysis NLOK

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NortonLifeLock Is a Big Fish in a Murkier Pond; Maintain FVE; Shares Fairly Valued

Business Strategy and Outlook

| Malik Ahmed Khan |

We think NortonLifeLock is a strong player in the consumer-oriented security space. With offerings ranging from security, identity protection, and privacy, NortonLifeLock has its fingers in many consumer-focused pies. However, as we look at the overall consumer-focused cybersecurity space, we see cutthroat competition, a lack of pricing power, and a lack of evident customer switching costs. With these factors top of mind, we expect NortonLifeLock's future growth prospects to not be in excess of low single digits.

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Key Statistics NLOK

Company Profile NLOK

Business Description

NortonLifeLock is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's security and identity protection offerings, via Norton and LifeLock, respectively, have long maintained their positions as two of the most recognizable consumer-focused security and identity-protection products.

60 E. Rio Salado Parkway, Suite 1000
Tempe, AZ, 85281
T +1 650 527-8000
Industry Software - Infrastructure
Most Recent Earnings Jun 30, 2022
Fiscal Year End Mar 31, 2023
Employees 2,700

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