LifeLock Inc. (LOCK) Issues Q4 Earnings Guidance
LifeLock Inc. (NASDAQ:LOCK) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.21-0.22 for the period, compared to the Thomson Reuters consensus estimate of $0.21, ARN reports. The company issued revenue guidance of $99.0-101.0 million, compared to the consensus revenue estimate of $98.56 million.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a buy rating on shares of LifeLock in a research note to investors on Monday. They now have a $19.00 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of LifeLock from $13.00 to $15.00 in a research note to investors on Friday, August 2nd. They now have an outperform rating on the stock. Six equities research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of $14.67.
LifeLock Inc. (NASDAQ:LOCK) traded down 3.32% on Tuesday, hitting $13.68. 1,844,186 shares of the company’s stock traded hands. LifeLock Inc. has a 52 week low of $6.80 and a 52 week high of $14.09. The stock has a 50-day moving average of $12.52 and a 200-day moving average of $10.97. The company’s market cap is $1.214 billion.
LifeLock (NASDAQ:LOCK) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $93.30 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Analysts expect that LifeLock Inc. will post $0.35 EPS for the current fiscal year.
In other LifeLock news, CEO Richard Todd Davis sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $14.15, for a total value of $169,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
LifeLock, Inc is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises.
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