nortonlifelock annual revenue

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. We are presenting consumer revenues to provide readers with a better understanding of the impact from the divestiture of ID Analytics solutions on our historical results and to assist readers in analyzing results in future periods. With $2.3 billon of cash and no debt maturities until the end of our fiscal year 2022, the company is well positioned to invest in expanding its portfolio to serve the cyber safety needs of everyone. Non-cash interest expense and amortization of debt issuance costs: In accordance with GAAP, we separately account for the value of the conversion feature on our convertible notes as a debt discount that reflects our assumed non-convertible debt borrowing rates. NortonLifeLock revenue breakdown by business segment: 49.1% from Enterprise Security and 50.9% from Consumer Digital Safety. NASDAQ data is at least 15 minutes delayed. While AudioEye sports a Zacks Rank #1 (Strong Buy), NVIDIA and Nutanix carry a Zacks Rank #2 (Buy). We believe that eliminating the impact of this adjustment improves the comparability of revenues between periods. In the fourth quarter of fiscal 2020, we recognized a gain of $250 million related to the divestiture of our ID Analytics solutions. In January 2016, we completed the sale of assets related to our Veritas operations. However, the purchase price allocated to these assets is not necessarily reflective of the cost we would incur to internally develop the intangible asset. This includes personalizing content and advertising. There are 41 companies in the NORTONLIFELOCK AUSTRALIA PTY LTD corporate family. https://www.businesswire.com/news/home/20200514005848/en/, MEDIA CONTACT: NortonLifeLock Inc. NYSE and AMEX data is at least 20 minutes delayed. View source version on businesswire.com: 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. So, the shares are expected to outperform the market in the near future. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Discontinued operations: On November 4, 2019, we completed the Broadcom sale. 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. However, if there is non-GAAP net income, we present dilution for non-GAAP weighted-average shares outstanding in an amount equal to the dilution that would have been presented had there been GAAP income from continuing operations for the period. However, gross margin expanded 80 basis points (bps) on a year-over-year basis to 86%. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Under purchase accounting, we are required to allocate a portion of the purchase price to intangible assets acquired and amortize this amount over the estimated useful lives of the acquired intangible assets. NortonLifeLock assumes no obligation, and does not intend, to update these forward-looking statements as a result of future events or developments. Due to the importance of these measures in managing the business, we use non-GAAP measures in the evaluation of management’s compensation. Zacks Equity Research Do the numbers hold clues to what lies ahead for the stock? Spring Harris Calculated using year ago foreign exchange rates. In addition, other contract liabilities adjustment for the year ended March 29, 2019 includes the impact of the adoption of the new revenue recognition standard of $17 million. NortonLifeLock Inc. (NASDAQ: NLOK), a global leader in consumer Cyber Safety, today reported results for its fourth quarter fiscal year 2020 which ended April 3, 2020. NortonLifeLock NLOK reported second-quarter fiscal 2020 non-GAAP earnings of 18 cents per share that increased 20% year over year. Perhaps time to learn more. For over three decades, our Strong Buy list has averaged returns more than twice the market. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. NORTONLIFELOCK AUSTRALIA PTY LTD is located in Sydney, NEW SOUTH WALES, Australia and is part of the Security System Services Industry. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. With consumer bookings up 4% year-over-year and another quarter of sequential customer growth, consumers are seeing the value we provide in protecting their digital lives as they live more and more online,” said Vincent Pilette, CEO of NortonLifeLock. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. TEMPE, Ariz.--(BUSINESS WIRE)-- The long-term earnings growth rate for Benefitfocus, Cogent and Synaptics is currently pegged at 30%, 10.6%, and 10%, respectively. Current assets of discontinued operations, Long-term assets of discontinued operations, Current liabilities of discontinued operations, Long-term liabilities of discontinued operations, Total liabilities and stockholders’ equity, Condensed Consolidated Statements of Operations (1), (In millions, except per share data, unaudited), Restructuring, transition and other costs, Income (loss) from continuing operations before income taxes, Income (loss) from discontinued operations, Net income (loss) per share - diluted (2). You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. August 06, 2020. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. In addition, these costs vary, depending on the size and complexity of the acquisitions, and are not indicative of costs of future acquisitions. We amortize the discount and debt issuance costs over the term of the related debt. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Free cash flow is not a measure of financial condition under GAAP and does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period, and thus should not be considered as an alternative to cash flows from operating activities or as a measure of liquidity. 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. We have excluded these gains for purposes of calculating our non-GAAP results. We exclude such gains and losses in full because we lack control over the operations of the investee and the related gains and losses are not indicative of our ongoing core results. 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%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. For the second quarter of fiscal 2021, NortonLifeLock projects revenues between $615 million and $625 million, suggesting 3-5% growth adjusting for ID Analytics revenues ($13 million). At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Long-term debt was $3.47 billion, down from $3.72 billion in the previous quarter.Notably, cash outflow from operations was $1.8 billion, down significantly from an inflow of $399 million in the third quarter of fiscal 2020, reflecting large one-time payments for divestiture-related tax amounts.NortonLifeLock returned $9 billion to investors during the quarter, including $658 million worth of repurchases. For fiscal 2019, as a result of U.S. tax reform, we used a non-GAAP tax rate that excluded (1) the discrete impacts of changes in tax legislation, (2) most other significant discrete items, (3) certain unique GAAP reporting requirements under discontinued operations and (4) the income tax effects of the non-GAAP adjustment to our operating results described above. We exclude restructuring, transition and other costs from our non-GAAP results as we believe that these costs are incremental to core activities that arise in the ordinary course of our business and do not reflect our current operating performance, and that excluding these charges facilitates a more meaningful evaluation of our current operating performance and comparisons to our past operating performance. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. These non-GAAP financial measures are not computed according to GAAP and the methods we use to compute them may differ from the methods used by other companies. Restructuring, transition and other costs: Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements, contract termination costs, and assets write-offs, as well as other exit and disposal costs. The current consensus EPS estimate is $0.25 on $597.52 million in revenues for the coming quarter and $1.10 on $2.42 billion in revenues for the current fiscal year.

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