Lifelock (LOCK) Releases Quarterly Earnings, Misses Expectations By $0.01 EPS
Lifelock (NASDAQ:LOCK) announced its earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.01, AmericanBankingNews.com reports. The company had revenue of $115.70 million for the quarter, compared to the consensus estimate of $113.92 million. During the same quarter last year, the company posted $0.04 earnings per share. Lifelock’s revenue was up 29.3% compared to the same quarter last year. Lifelock updated its Q3 guidance to $0.14-0.15 EPS and its FY14 guidance to $0.44-0.48 EPS.
A number of research firms have recently commented on LOCK. Analysts at Goldman Sachs initiated coverage on shares of Lifelock in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. On the ratings front, analysts at Pacific Crest cut their price target on shares of Lifelock from $20.00 to $16.00 in a research note on Friday, May 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Lifelock in a research note on Tuesday, May 20th. They now have a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.17.
Shares of Lifelock (NASDAQ:LOCK) traded up 2.94% during mid-day trading on Wednesday, hitting $14.01. 1,998,956 shares of the company’s stock traded hands. Lifelock has a 52-week low of $10.48 and a 52-week high of $22.85. The stock’s 50-day moving average is $13.10 and its 200-day moving average is $16.06. The company has a market cap of $1.295 billion and a P/E ratio of 25.68.
In other Lifelock news, CFO Chris G. Power sold 4,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $13.03, for a total value of $52,120.00. The transaction was disclosed in a document filed with the SEC, which is available at 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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