We use cookies to understand how you use our site and to improve your experience. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Fourth Quarter GAAP Financial Highlights from Continuing Operations, Fourth Quarter Operational and Non-GAAP Financial Highlights from Continuing Operations, “In only our second quarter as NortonLifeLock, we drove better than expected results on both the top and bottom lines as we turned our focus to driving sustainable growth. ZacksTrade and Zacks.com are separate companies. For more information, please visit www.NortonLifeLock.com. Visit www.zacksdata.com to get our data and content for your mobile app or website. Also excluded are customers of our ID Analytics solutions. Our management team uses these non-GAAP financial measures in assessing NortonLifeLock’s performance, as well as in planning and forecasting future periods. The monthly returns are then compounded to arrive at the annual return. Privacy Policy | No cost, no obligation to buy anything ever. Get the detailed quarterly/annual income statement for NortonLifeLock Inc. (NLOK). Additional information concerning these and other risk factors is contained in the Risk Factors sections of NortonLifeLock’s most recent reports on Form 10-K and Form 10-Q. Over the last four quarters, the company has surpassed consensus EPS estimates three times. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The company also has development centers in Pune, Chennai and Bangalore.
NortonLifeLock revenue breakdown by geographic segment: 11.2% from APJ, 16.0% from EMEA, 48.3% from Americas and 24.6% from U.S. FY, 2019 FY, 2018 FY, 2017; … August 06, 2020. We exclude the difference between the imputed interest expense, which includes the amortization of the conversion feature and of the issuance costs, and the coupon interest payments because we believe that excluding these costs provides meaningful supplemental information regarding the cash cost of our convertible debt and enhance investors’ ability to view the Company’s results from management’s perspective. Diluted GAAP and non-GAAP weighted-average shares outstanding: Diluted GAAP and non-GAAP weighted-average shares outstanding are the same, except in periods that there is a GAAP loss from continuing operations. NortonLifeLock Inc. price-consensus-eps-surprise-chart, 3 Secrets to Quick Profits this Earnings Season, Early Q3 Results Show Earnings Recovery in Place, What to Expect When Energy Companies Report Q3 Earnings, Top Research Reports for Novartis, Zoom Video & FIS, Small-Cap ETFs Outperforming Bigger Peers: Here's Why. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. However, gross margin expanded 80 basis points (bps) on a year-over-year basis to 86%. Currently, NortonLifeLock carries a Zacks Rank #2 (Buy). In the fourth quarter of fiscal 2020, we recognized a gain of $250 million related to the divestiture of our ID Analytics solutions. We monitor annual retention rate to evaluate the effectiveness of our strategies to improve renewals of subscriptions. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. The figure includes a … We exclude these costs from our non-GAAP results as they have no direct correlation to the operation of our business, and because we believe that the non-GAAP financial measures excluding these costs provide meaningful supplemental information regarding the spending trends of our business. This quarterly report represents an earnings surprise of 47.62%. NortonLifeLock Inc. price-consensus-eps-surprise-chart | NortonLifeLock Inc. Quote. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Average direct customer count presents the average of the total number of direct customers at the beginning and end of the fiscal quarter. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The figure also beat the Zacks Consensus Estimate of 21 cents. The cash costs are more than offset by an estimated $1.5 billion of cash inflow from sales of underutilized assets, half of which has already been realized. There are several limitations related to the use of reported billings versus revenue calculated in accordance with GAAP. NortonLifeLock (NLOK - Free Report) reported fourth-quarter fiscal 2020 non-GAAP earnings of 26 cents per share that increased 63% year over year. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. You can see the complete list of today’s Zacks #1 Rank stocks here.Anaplan, NVIDIA and Nutanix are set to report quarterly results on May 26, 21 and 27, respectively.Zacks Top 10 Stocks for 2020In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. For over three decades, our Strong Buy list has averaged returns more than twice the market. A live audio webcast of the conference call will also be available through NortonLifeLock's Investor Relations website at http://investor.nortonlifelock.com/investor-relations/events-calendar/. Other contract liabilities adjustment for the year ended April 3, 2020 represents the change in contract liabilities related to Veritas discontinued operations of $5 million. NYSE and AMEX data is at least 20 minutes delayed. NortonLifeLock Inc. (formerly known as Symantec / s ɪ ˈ m æ n ˌ t ɛ k /) is an American software company headquartered in Tempe, Arizona, United States. Direct average revenue per user (ARPU) increased 2.3% year over year to $9.03. We evaluate our performance both with and without these measures because stock-based compensation is a non-cash expense and can vary significantly over time based on the timing, size, nature and design of the awards granted, and is influenced in part by certain factors that are generally beyond our control, such as the volatility of the market value of our common stock.
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