Topic: How To Invest

Power Growth Investor Hotline – Friday, December 11, 2020

Article Excerpt

NORTONLIFELOCK INC., $19.59, is a buy. The company (symbol NLOK on Nasdaq) is focused on expanding its consumer business to lift investor returns. Those operations make and sell computer antivirus and email-filtering software for individuals. At the same time, its LifeLock business sells identity-theft protection for individual consumers. The company also continues to attract new customers as more people working from home spur a jump in cyberattacks. In an all-cash deal, NortonLifeLock will now pay Investcorp Technology Partners $360 million for German security firm Avira. That firm provides a consumer-focused portfolio of security and privacy solutions for Windows and Mac computers, Android and iOS smartphones, home networks, and smart devices (IoT). Buying Avira will accelerate NortonLifeLock’s international expansion in Europe and key emerging markets. In addition, Avira CEO Travis Witteveen and chief technology officer Matthias Ollig will join NortonLifeLock’s leadership team. Meanwhile, Aviva will add over 30 million active devices for NortonLifeLock, of which 1.5 million are paying customers. NortonLifeLock is a buy. NortonLifeLock recent coverage: …