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Stock Market & Financial Investment News

News Breaks
November 19, 2012
05:39 EDTLOCKLifeLock introduces Rudy Giuliani as strategic advisor
Rudy Giuliani has partnered with LifeLock to help educate consumers about the increasing threats related to the crime of identity theft. Giuliani and his team will be providing strategic counsel to LifeLock's leadership and working with LifeLock to stay ahead of the constantly evolving threat of identity theft.
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August 27, 2015
17:53 EDTLOCKLifeLock acquired BitYota assets for $12.5M
In a regulatory filing, LifeLock reported that on August, 21, the company acquired certain assets of BitYota for a purchase price of approximately $12.5M to BitYota shareholders, subject to a customary escrow fund for indemnification obligations. The acquired assets include BitYota's data management platform and a team of product and development data experts who have expertise in large scale data processing. The team will focus on developing new data-based products, said LifeLock. For the year ended December 31, 2014, BitYota would have contributed less than 0.1% to LifeLock revenue, the company noted.
August 24, 2015
15:38 EDTLOCKLifeLock targets 75%-77% adjusted gross margin over long-term
In a slide presentation posted to its investor relations website, LifeLock shared several long-term goals, including a long-term target of 75%-77% for adjusted gross margin percentage, a target of 20%-25% for adjusted EBITDA and a target of 18%-23% for free cash flow. In the same slideshow, LifeLock repeated its 2015 revenue, adjusted EBITDA and free cash flow guidance provided in its earnings results call on July 29.

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