Lifelock Inc (LOCK) Updates FY14 Earnings Guidance
Lifelock Inc (NASDAQ:LOCK) updated its FY14 earnings guidance on Monday. The company provided earnings per share guidance of $0.44-0.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46, Analyst Ratings Net reports. The company issued revenue guidance of $460-468 million, compared to the consensus revenue estimate of $466.22 million.
A number of analysts have recently weighed in on LOCK shares. Analysts at TheStreet downgraded shares of Lifelock from a hold rating to a sell rating in a research note on Tuesday, May 6th. On a related note, analysts at Canaccord Genuity cut their price target on shares of Lifelock from $27.00 to $23.00 in a research note on Thursday, May 1st. They now have a buy rating on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of Lifelock from $26.00 to $23.00 in a research note on Thursday, May 1st. They now have a buy rating on the stock. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $22.60.
Lifelock Inc (NASDAQ:LOCK) traded down 17.57% during mid-day trading on Monday, hitting $10.70. The stock had a trading volume of 14,298,936 shares. Lifelock Inc has a 1-year low of $9.50 and a 1-year high of $22.85. The stock has a 50-day moving average of $15.21 and a 200-day moving average of $17.47. The company has a market cap of $988.7 million and a P/E ratio of 24.49.
Lifelock (NASDAQ:LOCK) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $102.30 million for the quarter, compared to the consensus estimate of $100.30 million. On average, analysts predict that Lifelock Inc will post $0.46 earnings per share for the current fiscal year.
In other Lifelock news, President Hilary Schneider unloaded 2,757 shares of Lifelock stock on the open market in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $12.60, for a total transaction of $34,738.20. Following the transaction, the president now directly owns 179,157 shares in the company, valued at approximately $2,257,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.