symantec

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Gen Digital is the rebranded name for NortonLifeLock (formerly Symantec—more on that below), one of our long-time tech stock favourites. The company changed its name to Gen Digital following its 2022 acquisition of European cybersecurity firm Avast plc for $8.1 billion.

Growth by acquisition adds risk—especially with a purchase as big as Avast....

Gen Digital is the new name for NortonLifeLock, one of our long-time tech favourites. The company changed its name to Gen Digital following its 2022 acquisition of European cybersecurity firm Avast plc for $8.1 billion.

Growth by acquisition adds risk—especially with a purchase as big as Avast....

NORTONLIFELOCK INC. $21 is a buy. The company (Nasdaq symbol NLOK; Consumer sector; Shares outstanding: 581.9 million; Market cap: $12.2 billion; Dividend yield: 2.4%; Takeover Target Rating: Medium; www.nortonlifelock.com) is the newly renamed Symantec following the sale of its Enterprise Security business to Broadcom (Nasdaq symbol AVGO) for $10.7 billion.


NortonLifeLock is now focused on expanding its consumer business to lift investor returns....

Both of these firms have sold some of their less-important operations and used the cash to buy back shares or increase your dividends. The sales will also let them boost shareholder value by focusing on their remaining businesses. Their prospects remain bright as more people shop online or work from home due to COVID-19.


NORTONLIFELOCK INC....

NortonLifeLock is the new name for Symantec—a long-time tech favourite that handed our subscribers a whopping 1,174.3% gain. The cybersecurity company changed its name following the sale of its corporate business late last year.


Looking at NortonLifeLock’s new focus on consumer cybersecurity and identity protection, we think it has lots of room to move higher.


NORTONLIFELOCK INC....

NortonLifeLock is the new name for Symantec—one of our long-time tech stock favourites. The company changed its name following the sale late last year of its corporate cybersecurity business.

Brokers and traders are inclined to say that the asset sale gives the company’s investors exposure to the leading “pure-play” provider of consumer cybersecurity and identity-protection software....

These two U.S. technology firms have held up well during the COVID-19 pandemic. That’s thanks to their increasingly essential products. It’s also a good sign that their dividends are safe and that investors can look forward to more increases.


NORTONLIFELOCK INC....

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NORTONLIFELOCK INC. $20 is a buy. The company (Nasdaq symbol NLOK; High-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 600.4 million; Market cap: $12.0 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Average; www.nortonlifelock.com) has now changed its name from Symantec (old symbol SYMC) following the sale of its Enterprise Security business to Broadcom for $10.7 billion.


The company used the cash to pay investors a $12.00-a-share special dividend....